American Outdoor Brands, Inc. (NASDAQ:AOUT – Get Rating) Director Isabell Marie Wadecki bought 2,500 shares of the stock in a transaction dated Tuesday, September 20th. The shares were bought at an average price of $9.50 per share, for a total transaction of $23,750.00. Following the completion of the acquisition, the director now owns 36,661 shares in the company, valued at $348,279.50. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
American Outdoor Brands Stock Down 5.0 %
AOUT traded down $0.44 during trading hours on Wednesday, reaching $8.37. The company's stock had a trading volume of 84,305 shares, compared to its average volume of 152,567. 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 fifty-two week low of $7.10 and a fifty-two week high of $26.02. The business's 50-day moving average is $8.41 and its 200-day moving average is $10.84.
Get American Outdoor Brands alerts:American Outdoor Brands (NASDAQ:AOUT – Get Rating) last announced its 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 firm had revenue of $43.70 million during the quarter, compared to analysts' expectations of $45.11 million. American Outdoor Brands had a negative net margin of 32.13% and a positive return on equity of 6.25%. 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 firm earned $0.44 EPS. On average, research analysts anticipate that American Outdoor Brands, Inc. will post 0.53 earnings per share for the current fiscal year.
Institutional Trading of American Outdoor Brands
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. purchased a new stake in American Outdoor Brands in the second quarter valued at approximately $136,000. Bank of Montreal Can purchased a new stake in American Outdoor Brands in the second quarter valued at approximately $155,000. Engineers Gate Manager LP purchased a new stake in shares of American Outdoor Brands during the first quarter worth $157,000. HighTower Advisors LLC increased its position in shares of American Outdoor Brands by 23.6% during the first quarter. HighTower Advisors LLC now owns 12,472 shares of the company's stock worth $163,000 after acquiring an additional 2,384 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of American Outdoor Brands by 21.1% during the first quarter. Goldman Sachs Group Inc. now owns 14,895 shares of the company's stock worth $196,000 after acquiring an additional 2,593 shares during the period. Hedge funds and other institutional investors own 64.68% of the company's stock.Analyst Ratings Changes
Several brokerages have recently weighed in on AOUT. Roth Capital began coverage on American Outdoor Brands in a report on Thursday, July 21st. They set a "buy" rating and a $11.00 target price on the stock. B. Riley upgraded American Outdoor Brands from a "neutral" rating to a "buy" rating and set a $11.00 price objective on the stock in a report on Tuesday, August 30th. Lake Street Capital decreased their price objective on American Outdoor Brands from $20.00 to $14.00 in a report on Friday, September 9th. Cowen decreased their price objective on American Outdoor Brands from $23.00 to $11.00 in a report on Tuesday, August 2nd. Finally, Cowen decreased their price objective on American Outdoor Brands from $23.00 to $11.00 in a report on Tuesday, August 2nd.
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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