In a report released on September 8, Matt Koranda from Roth MKM maintained a Buy rating on American Outdoor Brands (AOUT – Research Report), with a price target of $12.00. The company’s shares closed last Friday at $9.46.
Koranda covers the Consumer Cyclical sector, focusing on stocks such as American Outdoor Brands, Clarus, and Tilly’s. According to TipRanks, Koranda has an average return of -0.7% and a 37.23% success rate on recommended stocks.
American Outdoor Brands has an analyst consensus of Strong Buy, with a price target consensus of $12.17, a 28.65% upside from current levels. In a report released on September 8, B.Riley Financial also reiterated a Buy rating on the stock with a $13.00 price target.
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Based on American Outdoor Brands’ latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $43.45 million and a GAAP net loss of $4.11 million. In comparison, last year the company earned a revenue of $43.68 million and had a GAAP net loss of $5.7 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.
Read More on AOUT:
- American Outdoor Brands still sees FY24 revenue growth 3.5%, consensus $197.59M
- American Outdoor Brands, Inc. Reports First Quarter Fiscal 2024 Financial Results
- American Outdoor Brands reports Q1 non-GAAP EPS 1c, consensus 0c
- AOUT Upcoming Earnings Report: What to Expect?
- American Outdoor Brands partners with Major League Fishing
