American Outdoor Brands, Inc. (NASDAQ:AOUT) Stock Has Average Target Price of $18.33 According to Analysts

American Outdoor Brands, Inc. (NASDAQ:AOUT) has been given a consensus recommendation of “Moderate Buy” by the five research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.33.

A number of brokerages have issued reports on AOUT. Lake Street Capital restated a “buy” rating and set a $16.00 price target on shares of American Outdoor Brands in a research note on Friday, September 4th. Roth Capital reiterated a “buy” rating and set a $17.00 price objective (up from $13.50) on shares of American Outdoor Brands in a research note on Friday, September 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of American Outdoor Brands in a research note on Monday, September 21st. Zacks Research raised shares of American Outdoor Brands from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 23rd. Finally, LADENBURG THALM/SH SH began coverage on American Outdoor Brands in a research report on Tuesday, October 13th. They issued a “buy” rating and a $22.00 target price on the stock.

Institutional Trading of American Outdoor Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AOUT. Farther Finance Advisors LLC grew its stake in American Outdoor Brands by 17,520.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 18,501 shares of the company’s stock valued at $300,000 after purchasing an additional 18,396 shares during the last quarter. Susquehanna International Group LLP increased its holdings in shares of American Outdoor Brands by 357.0% in the second quarter. Susquehanna International Group LLP now owns 74,844 shares of the company’s stock valued at $879,000 after purchasing an additional 58,466 shares during the period. Empowered Funds LLC acquired a new position in shares of American Outdoor Brands in the second quarter valued at about $431,000. Ancora Advisors LLC acquired a new position in shares of American Outdoor Brands in the second quarter valued at about $1,043,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of American Outdoor Brands in the second quarter valued at about $425,000. Institutional investors and hedge funds own 49.87% of the company’s stock.

American Outdoor Brands Stock Down 1.7%

AOUT opened at $17.75 on Tuesday. American Outdoor Brands has a 52-week low of $6.26 and a 52-week high of $18.47. The company has a market cap of $224.00 million, a P/E ratio of -57.26 and a beta of 0.15. The firm’s 50-day moving average price is $14.47 and its 200-day moving average price is $12.13.

American Outdoor Brands (NASDAQ:AOUT) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.24) by $0.27. The firm had revenue of $37.25 million during the quarter, compared to analyst estimates of $35.64 million. American Outdoor Brands had a negative net margin of 1.97% and a positive return on equity of 2.88%. On average, research analysts anticipate that American Outdoor Brands will post 0.47 EPS for the current fiscal year.

American Outdoor Brands Company Profile

American Outdoor Brands, Inc (NASDAQ: AOUT) develops and markets outdoor and shooting products for hunting, fishing, camping, shooting sports, and related recreational activities. Its offerings include tools, equipment, accessories, and other consumer products designed for outdoor enthusiasts, sportsmen, and recreational users.

The company sells products under a portfolio of brands that includes BOG, Caldwell, Frankford Arsenal, Hooyman, Old Timer, Schrade, UST, and Wheeler, among others.