5 Best Gun Stocks to Invest In

3. Vista Outdoor Inc. (NYSE: VSTO)

Number of Hedge Fund Holders: 22

Vista Outdoor Inc. (NYSE: VSTO) is a manufacturer of consumer products in the outdoor sports and recreation markets in the US and internationally. The company’s Shooting Sports segment provides ammunition products like centerfire ammunition, rimfire ammunition, shotshell ammunition, and reloading components, alongside hunting and shooting accessories. It ranks 3rd on our list of the best gun stocks to invest in.

On June 18th, Cowen commented on Vista Outdoor Inc. (NYSE: VSTO), calling it a top stock pick in light of the ammo surge. The firm expects improved resilience in the stock’s EPS and is one of the ten firms on Wall Street with a Buy-equivalent or better rating on Vista Outdoor Inc. (NYSE: VSTO). This May, after the company’s investor day event, Roth Capital Partners increased its price target on Vista Outdoor Inc. (NYSE: VSTO) to $49, with analyst Matt Koranda stating that the company’s long-term goals are attractive and achievable. Monness Crespi & Hardt also increased its price target on Vista Outdoor Inc. (NYSE: VSTO) to $51 after the investor day event in light of the optimist three-year financial targets laid down by the company.

In the fiscal fourth quarter of 2021, Vista Outdoor Inc. (NYSE: VSTO) had an EPS of $1.02, beating estimates by $0.35. The company’s revenue was $596.52 million, up 39.93% year over year and beating estimates by $63.79 million. The stock has a forward PE ratio of 11.45 and it has gained 38.19% in the past 6 months and 70.07% year to date. Vista Outdoor Inc. (NYSE: VSTO) also has a gross profit margin of 28.47%.

By the end of the first quarter of 2021, 22 hedge funds out of the 866 tracked by Insider Monkey held stakes in Vista Outdoor Inc. (NYSE: VSTO), worth roughly $344 million. This is compared to 23 hedge fund holders in the previous quarter with stakes worth about $312 million.