American Outdoor Brands, Inc. (NASDAQ:AOUT – Get Free Report) traded up 0.4% during mid-day trading on Monday . The company traded as high as $11.52 and last traded at $11.28. 56,348 shares changed hands during mid-day trading, an increase of 14% from the average session volume of 49,259 shares. The stock had previously closed at $11.24.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on AOUT shares. Roth Capital reissued a “buy” rating and issued a $13.50 target price on shares of American Outdoor Brands in a report on Friday, June 26th. Wall Street Zen raised American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Zacks Research upgraded American Outdoor Brands from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Lake Street Capital raised their price objective on 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, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Outdoor Brands in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.25.
Get Our Latest Stock Report on American Outdoor Brands
American Outdoor Brands Stock Performance
American Outdoor Brands (NASDAQ:AOUT – Get Free Report) last announced its earnings results on Thursday, June 25th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.14. American Outdoor Brands had a negative net margin of 4.83% and a positive return on equity of 0.67%. The business had revenue of $47.06 million during the quarter, compared to the consensus estimate of $48.44 million. Research analysts expect that American Outdoor Brands, Inc. will post 0.39 EPS for the current fiscal year.
Institutional Trading of American Outdoor Brands
Several hedge funds and other institutional investors have recently made changes to their positions in AOUT. Fifth Third Bancorp acquired a new position in American Outdoor Brands during the 1st quarter valued at about $30,000. Comerica Bank raised its position in shares of American Outdoor Brands by 203.6% in the 3rd quarter. Comerica Bank now owns 3,504 shares of the company’s stock valued at $30,000 after purchasing an additional 2,350 shares during the last quarter. Bank of America Corp DE boosted its stake in 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. grew its position in American Outdoor Brands by 4,535.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,934 shares of the company’s stock worth $62,000 after purchasing an additional 5,806 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in American Outdoor Brands during the 2nd quarter valued at approximately $64,000. Hedge funds and other institutional investors own 49.87% of the company’s stock.
American Outdoor Brands Company Profile
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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