Brian Daniel Murphy Acquires 2,500 Shares of American Outdoor Brands (NASDAQ:AOUT) Stock

Key Points

• Brian Daniel Murphy, CEO of American Outdoor Brands, purchased 2,500 shares at an average price of $8.83, increasing his total ownership to approximately 345,220 shares, valued at over $3 million.
• Despite the recent purchase, American Outdoor Brands' stock price is currently down 2.4% to $8.52, with the company experiencing a market capitalization of about $107.86 million.
• The company recently reported earnings of $0.13 per share, surpassing analyst expectations, and anticipates a 0.36 earnings per share for the current year.

American Outdoor Brands, Inc. (NASDAQ:AOUT - Get Free Report) CEO Brian Daniel Murphy purchased 2,500 shares of the business's stock in a transaction on Tuesday, September 23rd. The shares were bought at an average price of $8.83 per share, for a total transaction of $22,075.00. Following the purchase, the chief executive officer directly owned 345,220 shares in the company, valued at $3,048,292.60. This represents a 0.73% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

American Outdoor Brands Trading Down 2.4%

AOUT traded down $0.21 during midday trading on Tuesday, hitting $8.52. 98,056 shares of the company traded hands, compared to its average volume of 82,406. The company has a market capitalization of $107.86 million, a price-to-earnings ratio of -23.03 and a beta of 0.39. The business has a 50 day simple moving average of $9.49 and a two-hundred day simple moving average of $10.82. American Outdoor Brands, Inc. has a 52-week low of $8.10 and a 52-week high of $17.91.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last issued its quarterly earnings results on Thursday, June 26th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.15. American Outdoor Brands had a negative net margin of 2.16% and a positive return on equity of 2.00%. The company had revenue of $61.94 million during the quarter, compared to the consensus estimate of $48.46 million. Equities research analysts anticipate that American Outdoor Brands, Inc. will post 0.36 earnings per share for the current year.

Hedge Funds Weigh In On American Outdoor Brands

Several institutional investors and hedge funds have recently bought and sold shares of AOUT. Millennium Management LLC bought a new position in shares of American Outdoor Brands during the fourth quarter valued at approximately $673,000. American Century Companies Inc. increased its position in American Outdoor Brands by 307.6% in the first quarter. American Century Companies Inc. now owns 105,838 shares of the company's stock worth $1,287,000 after buying an additional 79,869 shares in the last quarter. Jane Street Group LLC purchased a new stake in American Outdoor Brands in the 4th quarter worth $460,000. Acadian Asset Management LLC boosted its holdings 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 valued at $1,913,000 after purchasing an additional 71,229 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of American Outdoor Brands by 1,469.5% during the 4th quarter. Bank of America Corp DE now owns 10,390 shares of the company's stock valued at $158,000 after purchasing an additional 9,728 shares during the last quarter. 49.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on AOUT. Wall Street Zen cut shares of American Outdoor Brands from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Lake Street Capital restated a "buy" rating and set a $19.00 target price (down previously from $20.00) on shares of American Outdoor Brands in a report on Friday, June 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, American Outdoor Brands presently has an average rating of "Buy" and a consensus price target of $19.00.

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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