Gabelli Funds LLC Acquires 38,400 Shares of Vista Outdoor Inc. (NYSE:VSTO)

Gabelli Funds LLC raised its holdings in shares of Vista Outdoor Inc. (NYSE:VSTO) by 76.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,592 shares of the company’s stock after acquiring an additional 38,400 shares during the period. Gabelli Funds LLC owned about 0.15% of Vista Outdoor worth $3,335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. bought a new position in Vista Outdoor during the second quarter valued at approximately $36,000. Innealta Capital LLC bought a new position in Vista Outdoor during the second quarter valued at approximately $76,000. Headlands Technologies LLC bought a new position in Vista Outdoor during the second quarter valued at approximately $91,000. Priebe Wealth Holdings LLC bought a new position in Vista Outdoor during the first quarter valued at approximately $203,000. Finally, Purus Wealth Management LLC bought a new position in Vista Outdoor during the first quarter valued at approximately $204,000. 90.51% of the stock is currently owned by institutional investors.

Vista Outdoor Trading Up 1.9 %

Shares of VSTO stock opened at $39.98 on Wednesday. The stock has a fifty day moving average of $39.06 and a 200 day moving average of $36.14. Vista Outdoor Inc. has a 52 week low of $23.33 and a 52 week high of $41.11. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 0.53.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings results on Monday, August 5th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. The company had revenue of $644.18 million during the quarter, compared to analyst estimates of $664.05 million. Vista Outdoor had a positive return on equity of 19.18% and a negative net margin of 0.24%. The firm’s revenue was down 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 earnings per share. As a group, research analysts predict that Vista Outdoor Inc. will post 3.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

VSTO has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of Vista Outdoor in a report on Friday, September 20th. They issued a “buy” rating on the stock. Lake Street Capital raised their target price on shares of Vista Outdoor from $37.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, July 15th. B. Riley cut shares of Vista Outdoor from a “buy” rating to a “neutral” rating and set a $43.00 target price on the stock. in a report on Wednesday, August 7th. Aegis upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Finally, Roth Capital cut shares of Vista Outdoor from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 19th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $41.20.

About Vista Outdoor

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.