LPL Financial LLC Purchases Shares of 12,482 Vista Outdoor Inc. (NYSE:VSTO)

LPL Financial LLC purchased a new stake in Vista Outdoor Inc. (NYSE:VSTO) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 12,482 shares of the company’s stock, valued at approximately $297,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Lazard Asset Management LLC increased its holdings in Vista Outdoor by 262.3% in the 4th quarter. Lazard Asset Management LLC now owns 1,482 shares of the company’s stock worth $35,000 after acquiring an additional 1,073 shares in the last quarter. Veriti Management LLC purchased a new stake in Vista Outdoor during the 4th quarter valued at about $51,000. Black Swift Group LLC purchased a new stake in shares of Vista Outdoor in the fourth quarter valued at approximately $119,000. Nkcfo LLC acquired a new stake in shares of Vista Outdoor in the fourth quarter valued at approximately $166,000. Finally, USA Financial Portformulas Corp acquired a new stake in shares of Vista Outdoor in the 4th quarter worth $201,000. Institutional investors and hedge funds own 89.59% of the company’s stock.

Shares of VSTO stock opened at $32.00 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.68 and a quick ratio of 1.45. The firm has a market cap of $1.87 billion, a P/E ratio of -18.71 and a beta of 0.40. Vista Outdoor Inc. has a 1-year low of $6.52 and a 1-year high of $38.36. The firm’s 50-day simple moving average is $31.88 and its 200-day simple moving average is $26.61.

Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, February 4th. The company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.37. Vista Outdoor had a negative net margin of 5.52% and a positive return on equity of 9.19%. The business had revenue of $574.70 million for the quarter, compared to analyst estimates of $525.94 million. During the same quarter in the previous year, the business posted $0.21 EPS. The business’s quarterly revenue was up 35.3% on a year-over-year basis. Analysts expect that Vista Outdoor Inc. will post 1.97 earnings per share for the current fiscal year.

In related news, insider Jason R. Vanderbrink sold 15,498 shares of the company’s stock in a transaction on Tuesday, February 9th. The shares were sold at an average price of $33.80, for a total value of $523,832.40. Following the sale, the insider now directly owns 91,657 shares of the company’s stock, valued at $3,098,006.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.

A number of research firms recently commented on VSTO. Roth Capital assumed coverage on Vista Outdoor in a report on Wednesday, January 6th. They issued a “buy” rating on the stock. Wedbush started coverage on Vista Outdoor in a research report on Thursday, January 21st. They issued an “outperform” rating and a $36.00 target price for the company. TheStreet upgraded Vista Outdoor from a “c” rating to a “b-” rating in a research note on Monday, February 8th. Aegis boosted their price objective on Vista Outdoor from $27.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, February 4th. Finally, CL King raised their target price on Vista Outdoor from $31.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, January 14th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Vista Outdoor presently has a consensus rating of “Buy” and an average price target of $36.78.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets various consumer products in the outdoor sports and recreation markets in the United States and internationally. It has a portfolio of brands that provides consumers with a range of products for individual outdoor recreational pursuits. The company operates through two segments, Shooting Sports and Outdoor Products.

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Institutional Ownership by Quarter for Vista Outdoor (NYSE:VSTO)

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