American Outdoor Brands (NASDAQ:AOUT – Get Rating) had its target price trimmed by Lake Street Capital from $20.00 to $14.00 in a research report sent to investors on Friday, The Fly reports.
Other equities research analysts also recently issued research reports about the company. B. Riley upgraded American Outdoor Brands from a neutral rating to a buy rating and set a $11.00 price objective for the company in a research report on Tuesday, August 30th. Cowen cut their price objective on American Outdoor Brands from $23.00 to $11.00 in a research report on Tuesday, August 2nd. Cowen cut their price objective on American Outdoor Brands from $23.00 to $11.00 in a research report on Tuesday, August 2nd. Finally, Roth Capital assumed coverage on American Outdoor Brands in a research report on Thursday, July 21st. They set a buy rating and a $11.00 price objective for the company.
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AOUT opened at $9.08 on Friday. The company has a market capitalization of $122.17 million, a price-to-earnings ratio of -1.64 and a beta of 0.20. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.09 and a quick ratio of 1.86. American Outdoor Brands has a 1-year low of $7.10 and a 1-year high of $26.13. The business has a 50 day moving average price of $8.41 and a two-hundred day moving average price of $11.13.
American Outdoor Brands (NASDAQ:AOUT – Get Rating) last announced its quarterly earnings data on Thursday, September 8th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.07). American Outdoor Brands had a negative net margin of 32.13% and a positive return on equity of 6.25%. The company had revenue of $43.70 million for the quarter, compared to analyst estimates of $45.11 million. During the same quarter last year, the company posted $0.44 EPS. American Outdoor Brands's revenue was down 28.1% on a year-over-year basis. Research analysts predict that American Outdoor Brands will post 0.84 EPS for the current fiscal year.Insider Buying and Selling at American Outdoor Brands
In other news, CFO Hugh Andrew Fulmer bought 11,000 shares of the business's stock in a transaction on Monday, September 12th. The shares were bought at an average cost of $9.00 per share, with a total value of $99,000.00. Following the purchase, the chief financial officer now directly owns 73,725 shares in the company, valued at $663,525. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Hugh Andrew Fulmer purchased 11,000 shares of the company's stock in a transaction dated Monday, September 12th. The shares were acquired at an average cost of $9.00 per share, with a total value of $99,000.00. Following the completion of the purchase, the chief financial officer now owns 73,725 shares of the company's stock, valued at approximately $663,525. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Daniel Murphy purchased 11,333 shares of the company's stock in a transaction dated Monday, September 12th. The stock was bought at an average cost of $8.95 per share, for a total transaction of $101,430.35. Following the completion of the purchase, the chief executive officer now directly owns 146,010 shares of the company's stock, valued at approximately $1,306,789.50. The disclosure for this purchase can be found here. Company insiders own 1.87% of the company's stock.
Hedge Funds Weigh In On American Outdoor Brands
A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of American Outdoor Brands by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,071,135 shares of the company's stock worth $14,064,000 after acquiring an additional 14,477 shares during the last quarter. Vanguard Group Inc. increased its position in American Outdoor Brands by 13.5% during the first quarter. Vanguard Group Inc. now owns 786,678 shares of the company's stock worth $10,329,000 after buying an additional 93,460 shares during the last quarter. Wasatch Advisors Inc. increased its position in American Outdoor Brands by 14.4% during the fourth quarter. Wasatch Advisors Inc. now owns 622,071 shares of the company's stock worth $12,398,000 after buying an additional 78,526 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new position in American Outdoor Brands during the first quarter worth $6,135,000. Finally, Confluence Investment Management LLC increased its position in American Outdoor Brands by 45.7% during the second quarter. Confluence Investment Management LLC now owns 387,759 shares of the company's stock worth $3,687,000 after buying an additional 121,606 shares during the last quarter. 64.68% of the stock is owned by institutional investors and hedge funds.
American Outdoor Brands Company Profile
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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.
Further Reading
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