Vista Outdoor Inc. (NYSE:VSTO) Issues Quarterly Earnings Results

Xavier Trudeau
Août 13, 2017

Louisiana State Employees Retirement System's holdings in Vista Outdoor were worth $522,000 at the end of the most recent reporting period.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Finally, Thrivent Financial for Lutherans raised its position in shares of Vista Outdoor by 5.9% in the fourth quarter. Investment Counselors of Maryland LLC now owns 674,880 shares of the company's stock valued at $13,896,000 after buying an additional 420,300 shares in the last quarter.

As of the end of the quarter Teachers Advisors, LLC had bought 37,064 shares growing its stake by 56.1%. More interesting news about Vista Outdoor Inc (NYSE:VSTO) was released by: Prnewswire.com and their article: "Vista Outdoor Announces FY18 First Quarter Operating Results" with publication date: August 10, 2017. Prudential Financial Inc. now owns 96,198 shares of the company's stock valued at $2,165,000 after buying an additional 564 shares during the last quarter. Laurion Capital Management LP acquired a new stake in Vista Outdoor during the first quarter worth approximately $1,137,000. State of Alaska Department of Revenue acquired a new position in shares of Vista Outdoor during the first quarter worth about $129,000. As of quarter end Tiaa Cref Investment Management LLC had disposed of a total of 34,281 shares trimming its position 18.2%. River Road Asset Management LLC now owns 680,840 shares of the company's stock worth $14,018,000 after buying an additional 489,858 shares during the last quarter.

Pandora Media Inc (NYSE:P) shares traded on -6.55% down secure line and closed at $7.99. The company's stock had a trading volume of 2,598,613 shares.

In the market the company is trading up by 6.91% since yesterday's close of $21.86. The firm's 50-day moving average price is $22.75 and its 200 day moving average price is $21.83. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.13 by $0.11, Bloomberg Earnings reports. For the current year the company's revenue estimates are $1.49 Billion compared to low analyst estimates of $1.45 Billion and high estimates of $1.54 Billion according to the prediction of 26 analysts. Vista Outdoor had a negative net margin of 10.78% and a positive return on equity of 7.62%. Only the addition of sales from newly acquired Camp Chef drove the division's non-organic sales up to $290 million in the quarter, 0.9 percent up from the same quarter previous year. Envestnet Asset Management Inc. now owns 3,708 shares of the company's stock valued at $137,000 after buying an additional 141 shares during the last quarter. For the next fiscal year, analysts anticipate that the firm will post sales of $2.48 billion per share, with estimates ranging from $2.47 billion to $2.49 billion. The insider now holds 16,716 shares of Vista Outdoor Inc. "(NYSE:VSTO)" was originally reported by BBNS and is the property of of BBNS.

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VSTO has been the topic of several other reports. Zacks Investment Research raised Vista Outdoor from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 19th. Roth Capital set a $20.00 price objective on Vista Outdoor and gave the stock a "hold" rating in a report on Saturday, May 13th. (NYSE:VSTO) have been assigned a consensus rating of "Hold" from the fourteen analysts that are now covering the stock, MarketBeat.com reports.

The Company serves the outdoor sports and recreation markets through a portfolio of over 40 brands that provide consumers with a range of products, including sporting ammunition and firearms, outdoor accessories, outdoor sports optics, golf rangefinders, performance eyewear, hydration products and stand up paddle boards. The Company operates through two segments: Shooting Sports and Outdoor Products. If you are reading this article on another domain, it was stolen and republished in violation of United States and worldwide copyright and trademark law.

These funds have also shifted positions in (VSTO).

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