American Outdoor Brands, Inc. (NASDAQ:AOUT – Get Rating) Director Isabell Marie Wadecki purchased 2,500 shares of the firm's stock in a transaction dated Tuesday, September 20th. The stock was acquired at an average price of $9.50 per share, with a total value of $23,750.00. Following the purchase, the director now directly owns 36,661 shares of the company's stock, valued at $348,279.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
American Outdoor Brands Stock Performance
AOUT traded down $0.44 during midday trading on Wednesday, reaching $8.37. The company had a trading volume of 84,305 shares, compared to its average volume of 152,567. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.86 and a current ratio of 6.09. The business has a 50-day moving average of $8.41 and a two-hundred day moving average of $10.84. American Outdoor Brands, Inc. has a 1 year low of $7.10 and a 1 year high of $26.02.
Get American Outdoor Brands alerts:American Outdoor Brands (NASDAQ:AOUT – Get Rating) last issued its quarterly earnings results on Thursday, September 8th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.07). The company had revenue of $43.70 million during 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 quarterly revenue was down 28.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.44 EPS. On average, equities research analysts predict that American Outdoor Brands, Inc. will post 0.53 earnings per share for the current year.
Hedge Funds Weigh In On American Outdoor Brands
Hedge funds have recently made changes to their positions in the business. Teton Advisors Inc. boosted its stake in shares of American Outdoor Brands by 112.5% in the first quarter. Teton Advisors Inc. now owns 68,000 shares of the company's stock worth $893,000 after acquiring an additional 36,000 shares during the period. GSA Capital Partners LLP boosted its stake in American Outdoor Brands by 16.9% during the fourth quarter. GSA Capital Partners LLP now owns 33,993 shares of the company's stock valued at $677,000 after buying an additional 4,910 shares during the last quarter. Summit Global Investments bought a new position in American Outdoor Brands during the first quarter valued at approximately $374,000. Landscape Capital Management L.L.C. bought a new position in American Outdoor Brands during the second quarter valued at approximately $136,000. Finally, Confluence Investment Management LLC boosted its stake 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 valued at $3,687,000 after buying an additional 121,606 shares during the last quarter. Institutional investors own 64.68% of the company's stock.Wall Street Analyst Weigh In
AOUT has been the subject of several recent analyst reports. Cowen decreased their price target on American Outdoor Brands from $23.00 to $11.00 in a research note on Tuesday, August 2nd. 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 reduced their price objective on American Outdoor Brands from $23.00 to $11.00 in a research report on Tuesday, August 2nd. 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. Finally, Lake Street Capital reduced their price objective on American Outdoor Brands from $20.00 to $14.00 in a research report on Friday, September 9th.
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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