In a report released today, Eric Wold from B.Riley Financial reiterated a Buy rating on American Outdoor Brands (AOUT – Research Report), with a price target of $13.00. The company’s shares closed yesterday at $7.97.
According to TipRanks, Wold is a 4-star analyst with an average return of 5.3% and a 44.40% success rate. Wold covers the Consumer Cyclical sector, focusing on stocks such as Topgolf Callaway Brands, RumbleON, and AMC Entertainment.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Outdoor Brands with a $13.00 average price target.
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Based on American Outdoor Brands’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $50.89 million and a GAAP net loss of $2.86 million. In comparison, last year the company earned a revenue of $70.11 million and had a net profit of $3.82 million
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American Outdoor Brands Inc is engaged in the business of providing outdoor products and accessories for hunting, fishing, camping, shooting, and personal security and defense products. The company designs and produces products and accessories, including shooting supplies, rests, vaults, and other related accessories; premium sportsman knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; electro-optical devices, including hunting optics, firearm aiming devices, flashlights, and laser grips; reloading, gunsmithing, and firearm cleaning supplies; and survival, camping, and emergency preparedness products.
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