American Outdoor Brands (NASDAQ:AOUT) Price Target Cut to $19.00 by Analysts at Lake Street Capital

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) had its price target dropped by investment analysts at Lake Street Capital from $20.00 to $19.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Lake Street Capital's price objective would suggest a potential upside of 60.07% from the stock's current price.

American Outdoor Brands Trading Down 0.8%

Shares of AOUT opened at $11.87 on Friday. The firm has a market cap of $151.11 million, a P/E ratio of -33.91 and a beta of 0.43. The stock's 50 day moving average is $11.58 and its two-hundred day moving average is $13.58. American Outdoor Brands has a 12 month low of $8.10 and a 12 month high of $17.91.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last posted its quarterly earnings data on Thursday, June 26th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.15. The company had revenue of $61.94 million during the quarter, compared to analyst estimates of $48.46 million. American Outdoor Brands had a positive return on equity of 2.95% and a negative net margin of 2.12%. Equities research analysts forecast that American Outdoor Brands will post 0.36 EPS for the current year.

Institutional Trading of American Outdoor Brands

Several large investors have recently bought and sold shares of AOUT. Brandes Investment Partners LP grew its holdings in American Outdoor Brands by 12.8% in the 4th quarter. Brandes Investment Partners LP now owns 933,450 shares of the company's stock valued at $14,226,000 after buying an additional 105,951 shares in the last quarter. Royce & Associates LP raised its position in shares of American Outdoor Brands by 39.8% during the 4th quarter. Royce & Associates LP now owns 567,752 shares of the company's stock valued at $8,653,000 after buying an additional 161,751 shares during the period. Renaissance Technologies LLC lifted its holdings in American Outdoor Brands by 22.3% in the fourth quarter. Renaissance Technologies LLC now owns 331,768 shares of the company's stock valued at $5,056,000 after acquiring an additional 60,600 shares during the last quarter. Ancora Advisors LLC increased its position in shares of American Outdoor Brands by 5.7% during the 4th quarter. Ancora Advisors LLC now owns 158,398 shares of the company's stock worth $2,414,000 after purchasing an additional 8,500 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of American Outdoor Brands by 82.4% during the 1st quarter. Acadian Asset Management LLC now owns 157,704 shares of the company's stock worth $1,913,000 after purchasing an additional 71,229 shares during the last quarter. Hedge funds and other institutional investors own 49.87% of the company's stock.

American Outdoor Brands Company Profile

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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