In a report released today, Mark Smith from Lake Street assigned a Buy rating to American Outdoor Brands (AOUT – Research Report), with a price target of $11.50. The company’s shares closed yesterday at $8.40.
According to TipRanks, Smith is a 5-star analyst with an average return of 17.6% and a 48.07% success rate. Smith covers the Consumer Cyclical sector, focusing on stocks such as Clarus, Vista Outdoor, and Potbelly.
American Outdoor Brands has an analyst consensus of Moderate Buy, with a price target consensus of $11.50.
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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
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AOUT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
American Outdoor Brands (AOUT) Company Description:
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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