Lake Street Capital Reaffirms Buy Rating for American Outdoor Brands (NASDAQ:AOUT)

American Outdoor Brands (NASDAQ:AOUT - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Lake Street Capital in a research note issued to investors on Friday, Marketbeat.com reports. They presently have a $19.00 target price on the stock, down from their prior target price of $20.00. Lake Street Capital's target price points to a potential upside of 81.82% from the company's previous close.

American Outdoor Brands Stock Performance

NASDAQ:AOUT opened at $10.45 on Friday. American Outdoor Brands has a one year low of $8.10 and a one year high of $17.91. The business's 50-day simple moving average is $11.57 and its 200 day simple moving average is $13.50. The stock has a market cap of $133.34 million, a price-to-earnings ratio of -1,043.96 and a beta of 0.43.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last announced its quarterly earnings data on Thursday, June 26th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.15. American Outdoor Brands had a positive return on equity of 4.13% and a negative net margin of 0.03%. The firm had revenue of $61.94 million for the quarter, compared to analysts' expectations of $48.46 million. On average, equities research analysts predict that American Outdoor Brands will post 0.36 EPS for the current year.

Institutional Trading of American Outdoor Brands

Institutional investors and hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership increased its position in American Outdoor Brands by 79.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 134,396 shares of the company's stock valued at $2,048,000 after acquiring an additional 59,356 shares during the period. Millennium Management LLC acquired a new stake in American Outdoor Brands in the 4th quarter valued at approximately $673,000. Royce & Associates LP increased its position in American Outdoor Brands by 39.8% in the 4th quarter. Royce & Associates LP now owns 567,752 shares of the company's stock valued at $8,653,000 after acquiring an additional 161,751 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in American Outdoor Brands by 272.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,137 shares of the company's stock valued at $703,000 after acquiring an additional 33,747 shares during the period. Finally, Truffle Hound Capital LLC acquired a new stake in American Outdoor Brands in the 4th quarter valued at approximately $579,000. 49.87% of the stock is currently owned by institutional investors and hedge funds.

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.