Russell Investments Group Ltd. Has $2.46 Million Position in Vista Outdoor Inc. (NYSE:VSTO)

Russell Investments Group Ltd. grew its holdings in shares of Vista Outdoor Inc. (NYSE:VSTO - Free Report) by 51.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 83,087 shares of the company's stock after buying an additional 28,387 shares during the quarter. Russell Investments Group Ltd. owned 0.14% of Vista Outdoor worth $2,457,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VSTO. Fifth Third Bancorp grew its stake in Vista Outdoor by 208.6% in the third quarter. Fifth Third Bancorp now owns 969 shares of the company's stock worth $32,000 after purchasing an additional 655 shares in the last quarter. Ancora Advisors LLC increased its position in Vista Outdoor by 162.5% during the 3rd quarter. Ancora Advisors LLC now owns 1,575 shares of the company's stock valued at $52,000 after purchasing an additional 975 shares during the period. NBC Securities Inc. bought a new stake in shares of Vista Outdoor in the 3rd quarter valued at about $78,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Vista Outdoor in the 3rd quarter worth approximately $219,000. Finally, Western Wealth Management LLC bought a new position in shares of Vista Outdoor during the third quarter valued at approximately $242,000. 90.51% of the stock is owned by institutional investors.

Vista Outdoor Trading Up 0.2 %

NYSE:VSTO traded up $0.07 during trading hours on Tuesday, reaching $34.54. 502,230 shares of the stock were exchanged, compared to its average volume of 511,065. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of -314.00 and a beta of 0.93. Vista Outdoor Inc. has a twelve month low of $23.33 and a twelve month high of $36.37. The company has a quick ratio of 1.21, a current ratio of 2.79 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average of $33.35 and a two-hundred day moving average of $30.12.

Vista Outdoor (NYSE:VSTO - Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.03. The business had revenue of $693.67 million for the quarter, compared to the consensus estimate of $701.43 million. Vista Outdoor had a negative net margin of 0.20% and a positive return on equity of 19.75%. The business's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 earnings per share. On average, equities analysts predict that Vista Outdoor Inc. will post 4.25 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Monness Crespi & Hardt increased their price target on shares of Vista Outdoor from $37.00 to $41.00 and gave the company a "buy" rating in a research report on Friday. Lake Street Capital cut Vista Outdoor from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $33.00 to $37.00 in a report on Friday. Roth Mkm raised Vista Outdoor from a "neutral" rating to a "buy" rating and raised their target price for the stock from $31.00 to $38.00 in a research note on Thursday, April 4th. StockNews.com assumed coverage on shares of Vista Outdoor in a research report on Tuesday, May 7th. They set a "buy" rating on the stock. Finally, Roth Capital raised shares of Vista Outdoor from a "neutral" rating to a "buy" rating in a research note on Thursday, April 4th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.67.

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.