Centaurus Financial Inc. Buys New Position in Vista Outdoor Inc. (NYSE:VSTO)

Centaurus Financial Inc. purchased a new position in shares of Vista Outdoor Inc. (NYSE:VSTO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,935 shares of the company’s stock, valued at approximately $182,000.

Several other large investors also recently modified their holdings of VSTO. O Shaughnessy Asset Management LLC raised its stake in shares of Vista Outdoor by 352.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,035 shares of the company’s stock worth $33,000 after buying an additional 806 shares in the last quarter. IFP Advisors Inc grew its holdings in Vista Outdoor by 4,194.4% during the second quarter. IFP Advisors Inc now owns 773 shares of the company’s stock worth $36,000 after acquiring an additional 755 shares during the period. Archer Investment Corp raised its position in Vista Outdoor by 60.0% in the second quarter. Archer Investment Corp now owns 800 shares of the company’s stock worth $37,000 after acquiring an additional 300 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Vista Outdoor in the 2nd quarter valued at about $43,000. Finally, Captrust Financial Advisors lifted its holdings in Vista Outdoor by 854.1% in the 1st quarter. Captrust Financial Advisors now owns 4,589 shares of the company’s stock valued at $147,000 after acquiring an additional 4,108 shares during the last quarter. 80.85% of the stock is owned by institutional investors.

VSTO has been the subject of several research reports. Monness Crespi & Hardt raised their price objective on Vista Outdoor from $42.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, May 27th. KeyCorp increased their price target on Vista Outdoor from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, August 2nd. Aegis upped their price objective on shares of Vista Outdoor from $46.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, July 29th. Lake Street Capital raised their target price on shares of Vista Outdoor from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, July 30th. They noted that the move was a valuation call. Finally, B. Riley boosted their price target on shares of Vista Outdoor from $53.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, May 27th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $47.73.

Shares of VSTO stock opened at $41.22 on Friday. Vista Outdoor Inc. has a fifty-two week low of $18.07 and a fifty-two week high of $47.62. The stock’s 50-day moving average is $41.14 and its two-hundred day moving average is $38.18. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.07 and a quick ratio of 1.69. The firm has a market cap of $2.37 billion, a P/E ratio of 7.54 and a beta of 0.39.

Vista Outdoor (NYSE:VSTO) last posted its earnings results on Thursday, July 29th. The company reported $1.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.85. The company had revenue of $662.91 million during the quarter, compared to the consensus estimate of $614.89 million. Vista Outdoor had a net margin of 13.63% and a return on equity of 42.35%. As a group, research analysts expect that Vista Outdoor Inc. will post 6.08 EPS for the current year.

About Vista Outdoor

Vista Outdoor, Inc engages in the design, manufacture, and marketing of consumer products in the outdoor sports and recreation markets. It operates through the following segments: Shooting Sports and Outdoor Products. The Shooting Sports segment is comprised of ammunition and hunting & shooting accessories product lines.

See Also: How does a reverse stock split work?

Want to see what other hedge funds are holding VSTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vista Outdoor Inc. (NYSE:VSTO).

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

Receive News & Ratings for Vista Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vista Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.