LADENBURG THALM/SH SH Begins Coverage on American Outdoor Brands (NASDAQ:AOUT)

Key Points

• LADENBURG THALM/SH SH initiated coverage of American Outdoor Brands with a “buy” rating and a $22 price target, implying 33.82% upside from the prior close.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $18.33, though Weiss Ratings maintains a sell rating.
• American Outdoor Brands exceeded quarterly expectations, reporting $0.03 in EPS versus a $0.24 loss estimate and revenue of $37.25 million versus $35.64 million expected; institutional investors own 49.87% of the stock.

Stock analysts at LADENBURG THALM/SH SH started coverage on shares of American Outdoor Brands (NASDAQ:AOUT - Get Free Report) in a research note issued to investors on Tuesday, Briefing.com reports. The firm set a "buy" rating and a $22.00 price target on the stock. LADENBURG THALM/SH SH's price objective points to a potential upside of 33.82% from the stock's previous close.

Several other equities analysts have also weighed in on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of American Outdoor Brands in a report on Monday, September 21st. Wall Street Zen raised shares of American Outdoor Brands from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 5th. Lake Street Capital reiterated a "buy" rating and set a $16.00 target price on shares of American Outdoor Brands in a research report on Friday, September 4th. Zacks Research upgraded shares of American Outdoor Brands from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 23rd. Finally, Roth Capital reissued a "buy" rating and issued a $17.00 price target (up from $13.50) on shares of American Outdoor Brands in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.33.

American Outdoor Brands Trading Down 0.4%

Shares of NASDAQ:AOUT opened at $16.44 on Tuesday. American Outdoor Brands has a 1-year low of $6.26 and a 1-year high of $17.69. The stock has a market capitalization of $207.47 million, a P/E ratio of -53.03 and a beta of 0.15. The business has a 50-day moving average price of $13.97 and a two-hundred day moving average price of $11.83.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last issued its earnings results on Thursday, September 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.27. American Outdoor Brands had a negative net margin of 1.97% and a positive return on equity of 2.88%. The company had revenue of $37.25 million for the quarter, compared to analyst estimates of $35.64 million. As a group, equities analysts predict that American Outdoor Brands will post 0.47 EPS for the current year.

Institutional Investors Weigh In On American Outdoor Brands

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in American Outdoor Brands by 17,520.0% in the third quarter. Farther Finance Advisors LLC now owns 18,501 shares of the company's stock worth $300,000 after purchasing an additional 18,396 shares during the period. Susquehanna International Group LLP grew its holdings in shares of American Outdoor Brands by 357.0% in the 2nd quarter. Susquehanna International Group LLP now owns 74,844 shares of the company's stock valued at $879,000 after buying an additional 58,466 shares during the period. Empowered Funds LLC acquired a new position in shares of American Outdoor Brands in the 2nd quarter valued at $431,000. Ancora Advisors LLC bought a new stake in shares of American Outdoor Brands in the 2nd quarter valued at $1,043,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of American Outdoor Brands in the 2nd quarter valued at $425,000. Institutional investors own 49.87% of the company's stock.

About American Outdoor Brands

American Outdoor Brands, Inc NASDAQ: AOUT develops and markets outdoor and shooting products for hunting, fishing, camping, shooting sports, and related recreational activities. Its offerings include tools, equipment, accessories, and other consumer products designed for outdoor enthusiasts, sportsmen, and recreational users.

The company sells products under a portfolio of brands that includes BOG, Caldwell, Frankford Arsenal, Hooyman, Old Timer, Schrade, UST, and Wheeler, among others.

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