American Outdoor Brands (NASDAQ:AOUT) Stock Price Up 0.4% - Time to Buy?

Key Points

• American Outdoor Brands shares rose 0.4% to $11.28 in mid-day trading, with volume 14% above its average.
• Analyst sentiment is generally positive, with a “Moderate Buy” consensus and an average price target of $14.25; targets range as high as $15.00, though Weiss Ratings maintains a sell rating.
• The company reported quarterly EPS of $0.13, beating the $0.01 loss analysts expected, but revenue of $47.06 million fell short of the $48.44 million consensus estimate. Institutional investors own approximately 49.87% of the stock.

American Outdoor Brands, Inc. (NASDAQ:AOUT - Get Free Report) shares rose 0.4% during mid-day trading on Monday . The company traded as high as $11.52 and last traded at $11.28. Approximately 56,348 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 49,259 shares. The stock had previously closed at $11.24.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AOUT. Weiss Ratings reissued a "sell (d-)" rating on shares of American Outdoor Brands in a report on Wednesday, June 24th. Roth Capital reaffirmed a "buy" rating and set a $13.50 target price on shares of American Outdoor Brands in a research note on Friday, June 26th. Zacks Research upgraded shares of American Outdoor Brands from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 30th. Lake Street Capital increased their price target on shares of American Outdoor Brands from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Friday, June 26th. Finally, Wall Street Zen raised shares of American Outdoor Brands from a "hold" rating to a "buy" rating in a research note on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, American Outdoor Brands currently has an average rating of "Moderate Buy" and an average target price of $14.25.

American Outdoor Brands Trading Up 0.4%

The firm has a market capitalization of $142.35 million, a PE ratio of -15.45 and a beta of 0.29. The business has a fifty day moving average price of $12.47 and a two-hundred day moving average price of $10.37.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.14. American Outdoor Brands had a positive return on equity of 0.67% and a negative net margin of 4.83%.The firm had revenue of $47.06 million during the quarter, compared to the consensus estimate of $48.44 million. On average, equities analysts forecast that American Outdoor Brands, Inc. will post 0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Outdoor Brands

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC raised its position in American Outdoor Brands by 422.9% in the fourth quarter. Corient Private Wealth LLC now owns 169,000 shares of the company's stock valued at $1,306,000 after purchasing an additional 136,680 shares during the period. Argos Wealth Advisors LLC purchased a new position in shares of American Outdoor Brands during the fourth quarter worth $975,000. Brandes Investment Partners LP boosted its position in shares of American Outdoor Brands by 6.6% during the fourth quarter. Brandes Investment Partners LP now owns 1,887,645 shares of the company's stock worth $14,591,000 after buying an additional 116,971 shares during the period. OLD National Bancorp IN acquired a new stake in shares of American Outdoor Brands in the fourth quarter valued at $78,000. Finally, Empowered Funds LLC grew its stake in shares of American Outdoor Brands by 6.7% in the first quarter. Empowered Funds LLC now owns 36,706 shares of the company's stock valued at $343,000 after buying an additional 2,306 shares in the last quarter. 49.87% of the stock is owned by hedge funds and other institutional investors.

About American Outdoor Brands

American Outdoor Brands, Inc designs, manufactures and distributes a broad range of outdoor sports and recreational products for consumers and commercial end users. Through its Shooting & Accessories and Functional Outdoor Approaches segments, the company offers shooting sports equipment, hunting and fishing accessories, archery gear, tactical and personal defense solutions, outdoor apparel, fitness products and knife and tool categories. Its portfolio encompasses well-known brands such as Wheeler®, Tipton®, Caldwell®, Hogue®, Manticore Arms® and other specialty labels.

Formed as a standalone public company in 2016 following a spin-off from Smith & Wesson, American Outdoor Brands has its headquarters in Columbia, Missouri, with manufacturing, distribution and sales operations across North America.

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