American Outdoor Brands, Inc. $AOUT Shares Sold by Teton Advisors Inc.

Key Points

• Teton Advisors Inc. reduced its stake in American Outdoor Brands by 27.0%, now holding 116,500 shares valued at approximately $1.4 million.
• American Outdoor Brands reported $0.13 EPS for the last quarter, exceeding analysts' expectations of ($0.02) and generating revenues of $61.94 million.
• The stock currently holds a Buy rating from analysts, with a revised average price target of $15.00 despite a recent downgrade in target price from $20.00 to $19.00.

Teton Advisors Inc. reduced its position in American Outdoor Brands, Inc. (NASDAQ:AOUT - Free Report) by 27.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,500 shares of the company's stock after selling 43,000 shares during the period. Teton Advisors Inc. owned approximately 0.91% of American Outdoor Brands worth $1,417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Marshall Wace LLP acquired a new stake in shares of American Outdoor Brands in the fourth quarter worth $1,263,000. American Century Companies Inc. increased its holdings in American Outdoor Brands by 307.6% in the 1st quarter. American Century Companies Inc. now owns 105,838 shares of the company's stock valued at $1,287,000 after purchasing an additional 79,869 shares in the last quarter. Millennium Management LLC purchased a new position in American Outdoor Brands in the fourth quarter valued at about $673,000. Jane Street Group LLC acquired a new position in shares of American Outdoor Brands during the fourth quarter worth about $460,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of American Outdoor Brands in the fourth quarter worth about $280,000. Institutional investors and hedge funds own 49.87% of the company's stock.

American Outdoor Brands Stock Performance

American Outdoor Brands stock opened at $10.1450 on Tuesday. American Outdoor Brands, Inc. has a 1 year low of $8.14 and a 1 year high of $17.91. The firm's 50-day moving average is $9.95 and its 200-day moving average is $11.76. The company has a market cap of $129.43 million, a P/E ratio of -1,013.49 and a beta of 0.38.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last issued its 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. The firm had revenue of $61.94 million for the quarter, compared to analysts' expectations of $48.46 million. American Outdoor Brands had a negative net margin of 0.03% and a positive return on equity of 4.13%. As a group, sell-side analysts predict that American Outdoor Brands, Inc. will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

AOUT has been the topic of several recent research reports. Lake Street Capital reissued a "buy" rating and set a $19.00 price target (down from $20.00) on shares of American Outdoor Brands in a research report on Friday, June 27th. Wall Street Zen raised shares of American Outdoor Brands from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, American Outdoor Brands currently has an average rating of "Buy" and an average price target of $15.00.

American Outdoor Brands 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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