American Outdoor Brands (NASDAQ:AOUT - Get Free Report) issued its earnings results on Thursday. The company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.15, RTT News reports. The company had revenue of $61.94 million during the quarter, compared to analysts' expectations of $48.46 million. American Outdoor Brands had a negative net margin of 0.03% and a positive return on equity of 4.13%.
American Outdoor Brands Stock Down 13.1%
Shares of NASDAQ:AOUT traded down $1.57 during midday trading on Friday, hitting $10.39. The stock had a trading volume of 2,034,809 shares, compared to its average volume of 61,683. The company's 50-day moving average price is $11.58 and its 200-day moving average price is $13.54. The company has a market capitalization of $132.58 million, a P/E ratio of -1,037.96 and a beta of 0.43. American Outdoor Brands has a fifty-two week low of $8.10 and a fifty-two week high of $17.91.
Hedge Funds Weigh In On American Outdoor Brands
Hedge funds and other institutional investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. acquired a new position in shares of American Outdoor Brands in the 1st quarter valued at approximately $163,000. Empowered Funds LLC grew its holdings in shares of American Outdoor Brands by 8.4% during the 1st quarter. Empowered Funds LLC now owns 25,399 shares of the company's stock valued at $309,000 after purchasing an additional 1,972 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of American Outdoor Brands by 76.5% during the 1st quarter. Jane Street Group LLC now owns 53,240 shares of the company's stock valued at $647,000 after purchasing an additional 23,070 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of American Outdoor Brands by 58.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 60,110 shares of the company's stock valued at $731,000 after purchasing an additional 22,232 shares during the last quarter. 49.87% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Lake Street Capital dropped their target price on shares of American Outdoor Brands from $20.00 to $19.00 and set a "buy" rating for the company in a research report on Friday.
Check Out Our Latest Research Report on AOUT
American Outdoor Brands Company Profile
(
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American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.
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