Illinois Municipal Retirement Fund Boosts Stake in Vista Outdoor Inc. (NYSE:VSTO)

Illinois Municipal Retirement Fund boosted its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,905 shares of the company’s stock after buying an additional 770 shares during the period. Illinois Municipal Retirement Fund owned 0.06% of Vista Outdoor worth $1,032,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of VSTO. CWM LLC increased its position in shares of Vista Outdoor by 68.4% during the third quarter. CWM LLC now owns 997 shares of the company’s stock worth $33,000 after purchasing an additional 405 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Vista Outdoor by 3.1% during the third quarter. State Board of Administration of Florida Retirement System now owns 16,501 shares of the company’s stock worth $547,000 after purchasing an additional 490 shares in the last quarter. Arizona State Retirement System increased its position in shares of Vista Outdoor by 3.9% during the third quarter. Arizona State Retirement System now owns 16,510 shares of the company’s stock worth $547,000 after purchasing an additional 617 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Vista Outdoor by 208.6% during 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. Finally, Ancora Advisors LLC increased its position in shares of Vista Outdoor by 162.5% during the third quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock worth $52,000 after purchasing an additional 975 shares in the last quarter. Hedge funds and other institutional investors own 90.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VSTO. StockNews.com began coverage on Vista Outdoor in a research report on Monday. They set a “buy” rating on the stock. Monness Crespi & Hardt upped their price target on Vista Outdoor from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Roth Capital raised Vista Outdoor from a “neutral” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, Roth Mkm raised Vista Outdoor from a “neutral” rating to a “buy” rating and upped their target price for the company from $31.00 to $38.00 in a research report on Thursday, April 4th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $34.67.

Vista Outdoor Price Performance

Shares of VSTO opened at $34.97 on Monday. The business’s 50-day moving average is $32.33 and its two-hundred day moving average is $29.39. The company has a quick ratio of 1.09, a current ratio of 2.58 and a debt-to-equity ratio of 0.71. Vista Outdoor Inc. has a fifty-two week low of $23.33 and a fifty-two week high of $35.09.

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

Vista Outdoor Profile

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.