Insider Buying: American Outdoor Brands (NASDAQ:AOUT) EVP Purchases $21,925.00 in Stock

Key Points

• Hugh Andrew Fulmer, Executive Vice President of American Outdoor Brands, purchased 2,500 shares of the company's stock for a total value of $21,925.00, increasing their ownership stake by 1.75%.
• As of the latest trading session, American Outdoor Brands stock experienced a decline, trading at $8.52, with a market capitalization of approximately $107.86 million and a 12-month price range between $8.10 and $17.91.
• Recent analyst reports have shown mixed ratings for American Outdoor Brands, with one firm downgrading its stock from buy to hold, while another maintains a buy rating with a target price of $19.00.

American Outdoor Brands, Inc. (NASDAQ:AOUT - Get Free Report) EVP Hugh Andrew Fulmer acquired 2,500 shares of the company's stock in a transaction on Tuesday, September 23rd. The stock was bought at an average cost of $8.77 per share, with a total value of $21,925.00. Following the completion of the acquisition, the executive vice president directly owned 145,358 shares in the company, valued at approximately $1,274,789.66. This represents a 1.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

American Outdoor Brands Stock Performance

Shares of American Outdoor Brands stock 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. American Outdoor Brands, Inc. has a 12 month low of $8.10 and a 12 month high of $17.91. The stock has a market cap of $107.86 million, a price-to-earnings ratio of -23.03 and a beta of 0.39. The firm's fifty day moving average price is $9.49 and its 200-day moving average price is $10.82.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $61.94 million during the quarter, compared to the consensus estimate of $48.46 million. American Outdoor Brands had a positive return on equity of 2.00% and a negative net margin of 2.16%. Equities research analysts forecast that American Outdoor Brands, Inc. will post 0.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its position in shares of American Outdoor Brands by 170.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,547 shares of the company's stock worth $27,000 after purchasing an additional 1,606 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of American Outdoor Brands during the 2nd quarter valued at about $27,000. Bank of America Corp DE increased its stake in shares of American Outdoor Brands by 505.6% in the 2nd quarter. Bank of America Corp DE now owns 5,372 shares of the company's stock worth $56,000 after purchasing an additional 4,485 shares in the last quarter. JPMorgan Chase & Co. increased its stake in American Outdoor Brands by 4,535.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,934 shares of the company's stock worth $62,000 after buying an additional 5,806 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of American Outdoor Brands during the second quarter valued at approximately $64,000. Hedge funds and other institutional investors own 49.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AOUT. Wall Street Zen downgraded shares of American Outdoor Brands from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Lake Street Capital reissued a "buy" rating and set a $19.00 price objective (down previously from $20.00) on shares of American Outdoor Brands in a research note on Friday, June 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, American Outdoor Brands currently has an average rating of "Buy" and a consensus target price 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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