American Outdoor Brands (NASDAQ:AOUT – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.14, FiscalAI reports. American Outdoor Brands had a negative net margin of 4.78% and a positive return on equity of 0.62%.
American Outdoor Brands Price Performance
NASDAQ:AOUT traded down $0.38 during mid-day trading on Thursday, reaching $9.91. 168,118 shares of the company’s stock traded hands, compared to its average volume of 48,508. American Outdoor Brands has a 12-month low of $6.26 and a 12-month high of $13.46. The firm has a market capitalization of $124.87 million, a price-to-earnings ratio of -12.70 and a beta of 0.31. The company has a 50 day moving average price of $9.66 and a 200-day moving average price of $9.04.
Institutional Investors Weigh In On American Outdoor Brands
Several institutional investors and hedge funds have recently bought and sold shares of AOUT. Comerica Bank increased its stake in shares of American Outdoor Brands by 203.6% during the third quarter. Comerica Bank now owns 3,504 shares of the company’s stock valued at $30,000 after buying an additional 2,350 shares during the period. Bank of America Corp DE boosted its holdings in American Outdoor Brands by 505.6% in the second quarter. Bank of America Corp DE now owns 5,372 shares of the company’s stock valued at $56,000 after acquiring an additional 4,485 shares in the last quarter. JPMorgan Chase & Co. increased 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 valued at $62,000 after purchasing an additional 5,806 shares during the period. Raymond James Financial Inc. purchased a new position in shares of American Outdoor Brands during the 2nd quarter worth approximately $64,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of American Outdoor Brands in the 2nd quarter worth approximately $70,000. Hedge funds and other institutional investors own 49.87% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on AOUT
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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