Franklin Resources Inc. Has $918,000 Holdings in Vista Outdoor Inc. (NYSE:VSTO)

Franklin Resources Inc. lifted its stake in shares of Vista Outdoor Inc. (NYSE:VSTO) by 5.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,425 shares of the company’s stock after purchasing an additional 1,265 shares during the period. Franklin Resources Inc.’s holdings in Vista Outdoor were worth $918,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of VSTO. Sound Income Strategies LLC bought a new position in Vista Outdoor in the 3rd quarter worth approximately $41,000. Headlands Technologies LLC acquired a new stake in shares of Vista Outdoor in the 2nd quarter valued at $91,000. Blue Trust Inc. raised its position in shares of Vista Outdoor by 214.2% during the third quarter. Blue Trust Inc. now owns 3,010 shares of the company’s stock worth $113,000 after acquiring an additional 2,052 shares during the last quarter. Priebe Wealth Holdings LLC acquired a new position in shares of Vista Outdoor during the third quarter valued at $204,000. Finally, World Equity Group Inc. bought a new position in Vista Outdoor in the third quarter valued at about $206,000. 90.51% of the stock is owned by institutional investors.

Vista Outdoor Stock Performance

VSTO stock opened at $44.63 on Friday. Vista Outdoor Inc. has a 1-year low of $26.05 and a 1-year high of $44.72. The company has a current ratio of 2.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2.61 billion, a PE ratio of -247.94 and a beta of 0.79. The business’s 50-day moving average price is $44.36 and its two-hundred day moving average price is $40.78.

Vista Outdoor (NYSE:VSTO) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.11. Vista Outdoor had a positive return on equity of 19.53% and a negative net margin of 0.34%. The business had revenue of $665.92 million for the quarter, compared to analysts’ expectations of $666.72 million. During the same quarter in the previous year, the business posted $0.96 EPS. Vista Outdoor’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, research analysts forecast that Vista Outdoor Inc. will post 4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VSTO. StockNews.com assumed coverage on Vista Outdoor in a report on Wednesday. They set a “buy” rating for the company. Aegis cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th. Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 19th. Roth Mkm lowered Vista Outdoor from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Thursday, September 19th. Finally, Monness Crespi & Hardt downgraded Vista Outdoor from a “buy” rating to a “neutral” rating in a report on Monday, October 7th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $41.20.

Vista Outdoor Profile

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The Kinetic Group segment designs, develops, distributes, and manufactures ammunition, primers, and components for hunters, recreational shooters, federal and local law enforcement agencies, and the military.