S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01

Short Interest in American Outdoor Brands, Inc. (NASDAQ:AOUT) Expands By 27.2%

Thursday, January 6, 2022 | MarketBeat

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 503,000 shares, an increase of 27.2% from the November 30th total of 395,300 shares. Currently, 3.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 150,900 shares, the short-interest ratio is presently 3.3 days.

In other American Outdoor Brands news, CFO Hugh Andrew Fulmer purchased 2,500 shares of American Outdoor Brands stock in a transaction that occurred on Monday, December 13th. The shares were bought at an average price of $18.95 per share, for a total transaction of $47,375.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Daniel Murphy purchased 2,718 shares of American Outdoor Brands stock in a transaction that occurred on Monday, December 13th. The stock was acquired at an average price of $18.32 per share, for a total transaction of $49,793.76. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 6,218 shares of company stock worth $115,569. Company insiders own 1.35% of the company's stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Confluence Investment Management LLC boosted its stake in shares of American Outdoor Brands by 1.3% during the fourth quarter. Confluence Investment Management LLC now owns 237,906 shares of the company's stock valued at $4,742,000 after purchasing an additional 3,087 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of American Outdoor Brands by 9.7% during the third quarter. Bank of New York Mellon Corp now owns 51,601 shares of the company's stock valued at $1,267,000 after purchasing an additional 4,577 shares during the period. Two Sigma Advisers LP boosted its stake in shares of American Outdoor Brands by 15.8% during the third quarter. Two Sigma Advisers LP now owns 103,600 shares of the company's stock valued at $2,544,000 after purchasing an additional 14,100 shares during the period. Two Sigma Investments LP boosted its stake in shares of American Outdoor Brands by 1.8% during the third quarter. Two Sigma Investments LP now owns 105,073 shares of the company's stock valued at $2,581,000 after purchasing an additional 1,847 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of American Outdoor Brands by 109.7% during the third quarter. Wellington Management Group LLP now owns 930,729 shares of the company's stock valued at $22,859,000 after purchasing an additional 486,908 shares during the period. 67.79% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on AOUT. Lake Street Capital reduced their price target on shares of American Outdoor Brands from $40.00 to $32.00 and set a "buy" rating on the stock in a research report on Friday, December 10th. Zacks Investment Research cut shares of American Outdoor Brands from a "hold" rating to a "sell" rating in a research report on Tuesday, December 14th. Finally, B. Riley reduced their price target on shares of American Outdoor Brands from $47.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, December 10th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $32.60.

AOUT stock opened at $18.44 on Thursday. American Outdoor Brands has a twelve month low of $17.50 and a twelve month high of $36.62. The stock has a market capitalization of $261.57 million, a price-to-earnings ratio of 15.24 and a beta of -0.11. The firm's fifty day simple moving average is $21.67 and its two-hundred day simple moving average is $25.53.

American Outdoor Brands (NASDAQ:AOUT) last posted its quarterly earnings data on Thursday, December 9th. The company reported $0.58 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.76 by ($0.18). American Outdoor Brands had a net margin of 6.21% and a return on equity of 10.40%. The firm had revenue of $70.80 million for the quarter, compared to the consensus estimate of $82.23 million. During the same quarter last year, the firm earned $0.73 EPS. The company's revenue was down 10.5% on a year-over-year basis. Equities research analysts forecast that American Outdoor Brands will post 1.94 earnings per share for the current fiscal year.

American Outdoor Brands Company Profile

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. The company offers hunting, fishing, camping, shooting, and personal security and defense products. Its products include shooting supplies, rests, vaults, and other related accessories; premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; electro-optical devices comprising hunting optics, firearm aiming devices, flashlights, and laser grips; reloading, gunsmithing, and firearm cleaning supplies; and survival, camping, and emergency preparedness products.

Further Reading: What is Call Option Volume?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in American Outdoor Brands right now?

Before you consider American Outdoor Brands, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Outdoor Brands wasn't on the list.

While American Outdoor Brands currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.