American Outdoor Brands, Inc. (NASDAQ:AOUT – Get Rating) CEO Brian Daniel Murphy purchased 11,333 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was bought at an average price of $8.95 per share, with a total value of $101,430.35. Following the completion of the transaction, the chief executive officer now owns 146,010 shares of the company's stock, valued at $1,306,789.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
American Outdoor Brands Price Performance
Shares of NASDAQ AOUT traded up $0.62 during midday trading on Monday, reaching $9.08. The company's stock had a trading volume of 195,912 shares, compared to its average volume of 152,522. American Outdoor Brands, Inc. has a one year low of $7.10 and a one year high of $26.13. The company has a 50 day moving average price of $8.41 and a 200 day moving average price of $11.13. The company has a current ratio of 6.09, a quick ratio of 1.86 and a debt-to-equity ratio of 0.10. The company has a market cap of $122.17 million, a price-to-earnings ratio of -1.64 and a beta of 0.20.
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American Outdoor Brands (NASDAQ:AOUT – Get Rating) last posted its earnings results on Thursday, September 8th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.07). The firm had revenue of $43.70 million during the quarter, compared to the consensus estimate of $45.11 million. American Outdoor Brands had a positive return on equity of 6.25% and a negative net margin of 32.13%. The firm's revenue for the quarter was down 28.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. On average, equities research analysts expect that American Outdoor Brands, Inc. will post 0.84 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages have weighed in on AOUT. B. Riley raised American Outdoor Brands from a "neutral" rating to a "buy" rating and set a $11.00 price target for the company in a report on Tuesday, August 30th. Cowen dropped their price target on American Outdoor Brands from $23.00 to $11.00 in a research report on Tuesday, August 2nd. Roth Capital initiated coverage on American Outdoor Brands in a research note on Thursday, July 21st. They set a "buy" rating and a $11.00 price objective on the stock. Cowen decreased their price target on American Outdoor Brands from $23.00 to $11.00 in a research note on Tuesday, August 2nd. Finally, Lake Street Capital decreased their price target on American Outdoor Brands from $20.00 to $14.00 in a research note on Friday.
Institutional Trading of American Outdoor Brands
A number of hedge funds have recently added to or reduced their stakes in AOUT. HighTower Advisors LLC purchased a new position in American Outdoor Brands during the fourth quarter worth about $201,000. Engineers Gate Manager LP purchased a new stake in shares of American Outdoor Brands during the 1st quarter valued at about $157,000. Principal Financial Group Inc. bought a new stake in American Outdoor Brands during the 4th quarter worth approximately $256,000. Bank of Montreal Can bought a new stake in American Outdoor Brands in the second quarter worth $155,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of American Outdoor Brands during the second quarter valued at $136,000. Institutional investors and hedge funds own 64.68% of the company's stock.
About American Outdoor Brands
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American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.
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