American Outdoor Brands (NASDAQ:AOUT) Shares Up 0.4% – What’s Next?

American Outdoor Brands, Inc. (NASDAQ:AOUT)’s share price shot up 0.4% during trading on Monday . The company traded as high as $11.52 and last traded at $11.28. 56,348 shares traded hands during trading, an increase of 14% from the average session volume of 49,259 shares. The stock had previously closed at $11.24.

Analyst Ratings Changes

AOUT has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Zacks Research upgraded shares of American Outdoor Brands from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Weiss Ratings restated a “sell (d-)” rating on shares of American Outdoor Brands in a report on Wednesday, June 24th. Roth Capital reaffirmed a “buy” rating and set a $13.50 target price on shares of American Outdoor Brands in a research note on Friday, June 26th. Finally, Lake Street Capital raised their price target on shares of American Outdoor Brands from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $14.25.

American Outdoor Brands Price Performance

The business’s 50 day moving average is $12.47 and its 200-day moving average is $10.37. The company has a market cap of $142.35 million, a PE ratio of -15.45 and a beta of 0.29.

American Outdoor Brands (NASDAQ:AOUT) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.13 EPS for the quarter, beating 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 company had revenue of $47.06 million for the quarter, compared to the consensus estimate of $48.44 million. As a group, sell-side analysts predict that American Outdoor Brands, Inc. will post 0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On American Outdoor Brands

Large investors have recently bought and sold shares of the business. Fifth Third Bancorp acquired a new stake in American Outdoor Brands in the first quarter valued at $30,000. Comerica Bank boosted its position in shares of American Outdoor Brands by 203.6% during the 3rd quarter. Comerica Bank now owns 3,504 shares of the company’s stock worth $30,000 after acquiring an additional 2,350 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of 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 valued at $56,000 after acquiring an additional 4,485 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of American Outdoor Brands by 4,535.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,934 shares of the company’s stock valued at $62,000 after acquiring an additional 5,806 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of American Outdoor Brands during the 2nd quarter worth about $64,000. Hedge funds and other institutional investors own 49.87% of the company’s stock.

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.