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American Outdoor Brands, Inc. (NASDAQ:AOUT) CFO Hugh Andrew Fulmer Buys 11,000 Shares

Defense World ·  Sep 13, 2022 04:51

American Outdoor Brands, Inc. (NASDAQ:AOUT – Get Rating) CFO Hugh Andrew Fulmer bought 11,000 shares of American Outdoor Brands stock in a transaction that occurred on Monday, September 12th. The shares were acquired at an average cost of $9.00 per share, for a total transaction of $99,000.00. Following the completion of the transaction, the chief financial officer now directly owns 73,725 shares in the company, valued at $663,525. The transaction was disclosed in a filing with the SEC, which is available at this link.

American Outdoor Brands Stock Performance

Shares of AOUT stock opened at $9.08 on Tuesday. The company has a market capitalization of $122.17 million, a P/E ratio of -1.64 and a beta of 0.20. The business's 50 day moving average is $8.41 and its two-hundred day moving average is $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. American Outdoor Brands, Inc. has a 12-month low of $7.10 and a 12-month high of $26.13.

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American Outdoor Brands (NASDAQ:AOUT – Get Rating) last issued its quarterly earnings results on Thursday, September 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.07). The business had revenue of $43.70 million for the quarter, compared to analysts' expectations 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 business's revenue for the quarter was down 28.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 EPS. Analysts expect that American Outdoor Brands, Inc. will post 0.84 EPS for the current fiscal year.

Analysts Set New Price Targets

AOUT has been the topic of a number of research reports. Roth Capital initiated coverage on American Outdoor Brands in a report on Thursday, July 21st. They issued a "buy" rating and a $11.00 price objective on the stock. Cowen cut their price objective on American Outdoor Brands from $23.00 to $11.00 in a report on Tuesday, August 2nd. Cowen dropped their target price on American Outdoor Brands from $23.00 to $11.00 in a report on Tuesday, August 2nd. Lake Street Capital dropped their target price on American Outdoor Brands from $20.00 to $14.00 in a report on Friday. Finally, B. Riley raised American Outdoor Brands from a "neutral" rating to a "buy" rating and set a $11.00 target price on the stock in a report on Tuesday, August 30th.

Hedge Funds Weigh In On American Outdoor Brands

A number of hedge funds have recently bought and sold shares of AOUT. Landscape Capital Management L.L.C. purchased a new position in shares of American Outdoor Brands in the second quarter valued at approximately $136,000. Bank of Montreal Can purchased a new position in shares of American Outdoor Brands in the second quarter valued at approximately $155,000. Engineers Gate Manager LP purchased a new position in shares of American Outdoor Brands in the first quarter valued at approximately $157,000. HighTower Advisors LLC lifted its position in shares of American Outdoor Brands by 23.6% in the first quarter. HighTower Advisors LLC now owns 12,472 shares of the company's stock valued at $163,000 after acquiring an additional 2,384 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of American Outdoor Brands by 21.1% in the first quarter. Goldman Sachs Group Inc. now owns 14,895 shares of the company's stock valued at $196,000 after acquiring an additional 2,593 shares in the last quarter. Hedge funds and other institutional investors own 64.68% of the company's stock.

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.

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