Outdoor (NASDAQ:POWW) Price Target Raised to $2.50

Outdoor (NASDAQ:POWW) had its price objective boosted by Lake Street Capital from $2.00 to $2.50 in a research note released on Tuesday,Benzinga reports. Lake Street Capital currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on POWW. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Outdoor in a research report on Wednesday, October 8th. Zacks Research upgraded Outdoor from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Finally, Wall Street Zen upgraded shares of Outdoor from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $2.38.

Outdoor Price Performance

Shares of POWW stock opened at $1.82 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.28 and a current ratio of 3.44. The business’s 50 day moving average price is $1.54 and its 200-day moving average price is $1.48. The firm has a market cap of $213.14 million, a P/E ratio of -5.69 and a beta of 1.20. Outdoor has a fifty-two week low of $0.95 and a fifty-two week high of $2.14.

Outdoor (NASDAQ:POWW) last posted its earnings results on Monday, November 10th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.06. The firm had revenue of $11.98 million for the quarter, compared to analysts’ expectations of $11.63 million. On average, equities research analysts anticipate that Outdoor will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of POWW. Cambridge Investment Research Advisors Inc. raised its holdings in Outdoor by 53.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 131,720 shares of the company’s stock worth $182,000 after purchasing an additional 46,040 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Outdoor by 3.6% during the 1st quarter. Bank of New York Mellon Corp now owns 254,806 shares of the company’s stock worth $352,000 after acquiring an additional 8,825 shares during the period. Victory Capital Management Inc. boosted its position in Outdoor by 76.5% in the first quarter. Victory Capital Management Inc. now owns 102,649 shares of the company’s stock valued at $142,000 after buying an additional 44,495 shares during the last quarter. Balentine LLC boosted its holdings in shares of Outdoor by 0.5% in the 1st quarter. Balentine LLC now owns 16,100,000 shares of the company’s stock valued at $22,218,000 after acquiring an additional 80,000 shares during the last quarter. Finally, Warburton Capital Management LLC purchased a new stake in Outdoor in the first quarter valued at $69,000. 26.40% of the stock is currently owned by hedge funds and other institutional investors.

Outdoor Company Profile

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms.