Outdoor Holding Company (NASDAQ:POWW – Get Free Report) dropped 3% during mid-day trading on Friday . The stock traded as low as $2.23 and last traded at $2.26. 544,210 shares changed hands during trading, a decline of 55% from the average daily volume of 1,222,841 shares. The stock had previously closed at $2.33.
Analysts Set New Price Targets
Several brokerages have commented on POWW. Roth Capital boosted their price objective on shares of Outdoor from $2.30 to $2.75 and gave the company a “buy” rating in a research report on Monday, June 22nd. Weiss Ratings downgraded Outdoor from a “sell (d+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Finally, Zacks Research raised Outdoor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $2.62.
Get Our Latest Research Report on Outdoor
Outdoor Stock Performance
Outdoor (NASDAQ:POWW – Get Free Report) last posted its earnings results on Monday, June 22nd. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Outdoor had a positive return on equity of 1.89% and a negative net margin of 6.92%.The company had revenue of $13.89 million during the quarter, compared to the consensus estimate of $12.70 million. Research analysts forecast that Outdoor Holding Company will post -0.01 earnings per share for the current year.
Hedge Funds Weigh In On Outdoor
Several institutional investors and hedge funds have recently added to or reduced their stakes in POWW. BNP Paribas Financial Markets boosted its position in Outdoor by 101.4% in the third quarter. BNP Paribas Financial Markets now owns 18,437 shares of the company’s stock valued at $27,000 after buying an additional 9,283 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Outdoor by 1.9% during the fourth quarter. Renaissance Technologies LLC now owns 576,000 shares of the company’s stock worth $985,000 after buying an additional 10,800 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Outdoor by 0.6% during the second quarter. Geode Capital Management LLC now owns 2,134,270 shares of the company’s stock worth $2,733,000 after buying an additional 11,729 shares in the last quarter. Barclays PLC increased its holdings in shares of Outdoor by 10.6% during the fourth quarter. Barclays PLC now owns 135,012 shares of the company’s stock worth $231,000 after buying an additional 12,952 shares in the last quarter. Finally, Focus Partners Wealth lifted its stake in shares of Outdoor by 2.5% in the 1st quarter. Focus Partners Wealth now owns 545,742 shares of the company’s stock valued at $753,000 after acquiring an additional 13,130 shares during the last quarter. Institutional investors own 26.40% of the company’s stock.
About Outdoor
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. It also owns and operates GunBroker.com, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.
Featured Stories
- Five stocks we like better than Outdoor
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings
Receive News & Ratings for Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.
