American Outdoor Brands (NASDAQ:AOUT – Get Free Report) issued its earnings results on Thursday. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.24) by $0.27, FiscalAI reports. American Outdoor Brands had a positive return on equity of 0.67% and a negative net margin of 4.83%.The business had revenue of $37.25 million for the quarter, compared to the consensus estimate of $35.64 million.
American Outdoor Brands Trading Up 0.6%
American Outdoor Brands stock traded up $0.06 during mid-day trading on Thursday, hitting $10.01. The stock had a trading volume of 91,765 shares, compared to its average volume of 67,668. American Outdoor Brands has a one year low of $6.26 and a one year high of $14.97. The firm has a market capitalization of $126.33 million, a P/E ratio of -13.71 and a beta of 0.27. The firm’s 50 day moving average is $12.51 and its 200 day moving average is $10.44.
Hedge Funds Weigh In On American Outdoor Brands
A number of hedge funds have recently made changes to their positions in AOUT. Jacobs Levy Equity Management Inc. purchased a new position in American Outdoor Brands in the 1st quarter worth approximately $163,000. Goldman Sachs Group Inc. grew its holdings in American Outdoor Brands by 58.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 60,110 shares of the company’s stock valued at $731,000 after buying an additional 22,232 shares in the last quarter. Empowered Funds LLC raised its position in shares of American Outdoor Brands by 8.4% during the first quarter. Empowered Funds LLC now owns 25,399 shares of the company’s stock valued at $309,000 after buying an additional 1,972 shares during the last quarter. Jane Street Group LLC raised its position in shares of American Outdoor Brands by 76.5% during the first quarter. Jane Street Group LLC now owns 53,240 shares of the company’s stock valued at $647,000 after buying an additional 23,070 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of American Outdoor Brands by 104.7% in the second quarter. Geode Capital Management LLC now owns 293,683 shares of the company’s stock worth $3,070,000 after buying an additional 150,202 shares in the last quarter. Institutional investors own 49.87% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on AOUT
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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