Raymond James & Associates Has $655,000 Position in Vista Outdoor Inc. (NYSE:VSTO)

Raymond James & Associates lowered its holdings in shares of Vista Outdoor Inc. (NYSE:VSTO - Free Report) by 76.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,149 shares of the company's stock after selling 73,732 shares during the period. Raymond James & Associates' holdings in Vista Outdoor were worth $655,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Gates Capital Management Inc. grew its position in Vista Outdoor by 5.7% in the 3rd quarter. Gates Capital Management Inc. now owns 5,785,046 shares of the company's stock valued at $191,601,000 after buying an additional 312,800 shares during the last quarter. Cooper Creek Partners Management LLC grew its stake in shares of Vista Outdoor by 45.5% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 2,703,561 shares of the company's stock worth $89,542,000 after purchasing an additional 844,865 shares during the period. Brown Advisory Inc. increased its holdings in shares of Vista Outdoor by 2.6% in the 3rd quarter. Brown Advisory Inc. now owns 1,154,590 shares of the company's stock valued at $38,240,000 after purchasing an additional 28,996 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Vista Outdoor by 16.6% in the third quarter. American Century Companies Inc. now owns 865,399 shares of the company's stock valued at $28,662,000 after purchasing an additional 123,307 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Vista Outdoor by 7.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 796,904 shares of the company's stock worth $26,393,000 after buying an additional 54,915 shares in the last quarter. Institutional investors and hedge funds own 90.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VSTO shares. StockNews.com assumed coverage on Vista Outdoor in a report on Sunday. They issued a "buy" rating on the stock. Monness Crespi & Hardt lifted their price target on Vista Outdoor from $34.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday, February 2nd. Roth Mkm raised shares of Vista Outdoor from a "neutral" rating to a "buy" rating and increased their price objective for the company from $31.00 to $38.00 in a research note on Thursday, April 4th. Finally, Roth Capital upgraded shares of Vista Outdoor from a "neutral" rating to a "buy" rating in a research report on Thursday, April 4th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $34.67.

Vista Outdoor Price Performance

VSTO stock traded up $0.22 during trading on Thursday, hitting $34.68. The stock had a trading volume of 458,562 shares, compared to its average volume of 517,224. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of -5.80 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.09 and a current ratio of 2.58. The company's 50 day moving average price is $32.15 and its two-hundred day moving average price is $29.37. Vista Outdoor Inc. has a 1-year low of $23.33 and a 1-year high of $34.99.

Vista Outdoor (NYSE:VSTO - Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $0.80 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.04). Vista Outdoor had a negative net margin of 12.17% and a positive return on equity of 20.00%. The firm had revenue of $682.25 million during the quarter, compared to analyst estimates of $687.85 million. On average, sell-side analysts forecast that Vista Outdoor Inc. will post 3.87 EPS for the current fiscal year.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories for hunters, recreational shooters, federal and local law enforcement agencies, and military.