American Outdoor Brands (NASDAQ:AOUT) Issues Earnings Results

American Outdoor Brands (NASDAQ:AOUT) issued its quarterly earnings data on Thursday. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.14, FiscalAI reports. American Outdoor Brands had a positive return on equity of 0.62% and a negative net margin of 4.78%.

American Outdoor Brands Stock Down 3.7%

American Outdoor Brands stock traded down $0.38 during midday trading on Thursday, hitting $9.91. 160,565 shares of the stock were exchanged, compared to its average volume of 48,097. American Outdoor Brands has a 52-week low of $6.26 and a 52-week high of $13.46. The stock has a market capitalization of $124.87 million, a price-to-earnings ratio of -12.70 and a beta of 0.31. The business’s 50-day moving average price is $9.66 and its 200-day moving average price is $9.04.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Outdoor Brands in a research report on Friday, March 27th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.50.

Institutional Investors Weigh In On American Outdoor Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in AOUT. Comerica Bank grew its holdings in 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 purchasing an additional 2,350 shares during the period. Bank of America Corp DE raised its stake in shares of 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 buying an additional 4,485 shares during the period. JPMorgan Chase & Co. raised its stake in shares of American Outdoor Brands by 4,535.9% in the second quarter. JPMorgan Chase & Co. now owns 5,934 shares of the company’s stock valued at $62,000 after buying 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 valued at $64,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of American Outdoor Brands during the 2nd quarter valued at $70,000. 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.