American Outdoor Brands, Inc. (AOUT) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts hold a “Moderate Buy” consensus on American Outdoor Brands, with three buy ratings, one strong-buy, and one sell recommendation. The average 12-month price target is $18.33, compared with the reported share price of $17.01.
• The stock has risen substantially, trading near its one-year high of $17.69, while its 50-day and 200-day moving averages stand at $13.97 and $11.83, respectively.
• American Outdoor Brands exceeded quarterly expectations, reporting $0.03 in earnings per share versus the $0.24 loss analysts anticipated, and revenue of $37.25 million versus a $35.64 million estimate. Institutional investors own approximately 49.87% of the company.

American Outdoor Brands, Inc. (NASDAQ:AOUT - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $18.33.

AOUT has been the subject of a number of research reports. LADENBURG THALM/SH SH assumed coverage on American Outdoor Brands in a research note on Tuesday. They issued a "buy" rating and a $22.00 target price for the company. Wall Street Zen upgraded American Outdoor Brands from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 5th. Weiss Ratings reissued a "sell (d-)" rating on shares of American Outdoor Brands in a report on Monday, September 21st. Lake Street Capital reissued a "buy" rating and issued a $16.00 price target on shares of American Outdoor Brands in a report on Friday, September 4th. Finally, Zacks Research upgraded American Outdoor Brands from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 23rd.

American Outdoor Brands Stock Performance

Shares of American Outdoor Brands stock traded up $0.57 during trading hours on Tuesday, reaching $17.01. The company's stock had a trading volume of 25,949 shares, compared to its average volume of 100,993. The company's 50 day simple moving average is $13.97 and its 200 day simple moving average is $11.83. American Outdoor Brands has a one year low of $6.26 and a one year high of $17.69. The stock has a market cap of $214.62 million, a P/E ratio of -55.29 and a beta of 0.15.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.24) by $0.27. The business had revenue of $37.25 million during the quarter, compared to the consensus estimate of $35.64 million. American Outdoor Brands had a negative net margin of 1.97% and a positive return on equity of 2.88%. On average, sell-side analysts predict that American Outdoor Brands will post 0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Outdoor Brands

Hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp acquired a new position in shares of American Outdoor Brands during the first quarter valued at $30,000. Bank of America Corp DE grew its position in shares of American Outdoor Brands by 15.0% during the first quarter. Bank of America Corp DE now owns 10,989 shares of the company's stock worth $103,000 after acquiring an additional 1,436 shares during the last quarter. Walleye Capital LLC bought a new position in shares of American Outdoor Brands during the second quarter worth about $145,000. Bank of New York Mellon Corp acquired a new stake in shares of American Outdoor Brands in the 2nd quarter worth about $169,000. Finally, State of Wyoming acquired a new stake in shares of American Outdoor Brands in the 1st quarter worth about $149,000. 49.87% of the stock is currently owned by institutional investors.

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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