American Outdoor Brands, Inc. (NASDAQ:AOUT) Stock Rated “Hold” by Sell-Side Analysts

American Outdoor Brands, Inc. (NASDAQ:AOUT) has been assigned an average rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $18.33.

Several research firms have issued reports on AOUT. Roth Capital reiterated a “buy” rating and set a $17.00 target price (up from $13.50) on shares of American Outdoor Brands in a research report on Friday, September 4th. Weiss Ratings restated a “sell (d-)” rating on shares of American Outdoor Brands in a report on Monday, September 21st. Wall Street Zen raised shares of American Outdoor Brands from a “buy” rating to a “strong-buy” rating in a research note on Sunday, October 25th. LADENBURG THALM/SH SH started coverage on shares of American Outdoor Brands in a report on Tuesday, October 13th. They set a “buy” rating and a $22.00 target price for the company. Finally, Lake Street Capital reissued a “buy” rating and set a $16.00 price objective on shares of American Outdoor Brands in a research note on Friday, September 4th.

American Outdoor Brands Stock Up 0.3%

Shares of NASDAQ AOUT opened at $17.31 on Friday. American Outdoor Brands has a 12-month low of $6.26 and a 12-month high of $19.50. The firm has a market cap of $218.45 million, a PE ratio of -55.84 and a beta of 0.17. The company’s fifty day simple moving average is $16.15 and its 200 day simple moving average is $11.74.

American Outdoor Brands (NASDAQ:AOUT) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.27. The business had revenue of $37.25 million during the quarter, compared to analyst estimates of $35.64 million. American Outdoor Brands had a negative net margin of 1.97% and a positive return on equity of 2.88%. On average, equities analysts predict that American Outdoor Brands will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL boosted its position in shares of American Outdoor Brands by 1.6% during the first quarter. Gamco Investors INC. ET AL now owns 314,813 shares of the company’s stock worth $2,940,000 after acquiring an additional 5,000 shares during the last quarter. BlackRock Inc. purchased a new stake in American Outdoor Brands during the second quarter worth $3,270,000. Ancora Advisors LLC acquired a new position in shares of American Outdoor Brands during the second quarter worth about $1,043,000. Susquehanna International Group LLP lifted its stake in American Outdoor Brands by 357.0% in the second quarter. Susquehanna International Group LLP now owns 74,844 shares of the company’s stock valued at $879,000 after buying an additional 58,466 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of American Outdoor Brands by 73.7% in the 1st quarter. Royal Bank of Canada now owns 45,862 shares of the company’s stock valued at $428,000 after acquiring an additional 19,454 shares in the last quarter. Hedge funds and other institutional investors own 49.87% of the company’s stock.

American Outdoor Brands Company Profile

American Outdoor Brands, Inc (NASDAQ:AOUT) develops and sells products for shooting, hunting, fishing, camping, outdoor recreation, and outdoor cooking. Its portfolio includes shooting accessories, firearm maintenance and storage products, hunting tools, knives, fishing equipment, camping gear, grills, and related outdoor products.

The company markets its products under a collection of brands, including Caldwell, Frankford Arsenal, Hooyman, BOG, Schrade, Old Timer, Tipton, Grilla Grills, and MEAT!, among others.