Outdoor (NASDAQ:POWW) Trading Down 3% – Here’s Why

Outdoor Holding Company (NASDAQ:POWW) shares were down 3% during mid-day trading on Friday . The company traded as low as $2.23 and last traded at $2.26. Approximately 544,210 shares were traded during trading, a decline of 55% from the average session volume of 1,222,841 shares. The stock had previously closed at $2.33.

Analysts Set New Price Targets

POWW has been the topic of a number of research reports. Roth Capital raised their target price on shares of Outdoor from $2.30 to $2.75 and gave the company a “buy” rating in a research report on Monday, June 22nd. Zacks Research upgraded shares of Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. Finally, Weiss Ratings lowered shares of Outdoor from a “sell (d+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $2.62.

Outdoor Stock Performance

The business has a 50-day moving average of $2.15 and a two-hundred day moving average of $2.01. The company has a market cap of $262.53 million, a P/E ratio of -45.20 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.96 and a quick ratio of 3.96.

Outdoor (NASDAQ:POWW) last posted its earnings results on Monday, June 22nd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $13.89 million during the quarter, compared to analysts’ expectations of $12.70 million. Outdoor had a negative net margin of 6.92% and a positive return on equity of 1.89%. On average, sell-side analysts predict that Outdoor Holding Company will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Outdoor

A number of hedge funds and other institutional investors have recently bought and sold shares of POWW. BNP Paribas Financial Markets raised its stake in shares of Outdoor by 101.4% in the third quarter. BNP Paribas Financial Markets now owns 18,437 shares of the company’s stock worth $27,000 after purchasing an additional 9,283 shares during the last quarter. Renaissance Technologies LLC boosted its position in Outdoor by 1.9% in the fourth quarter. Renaissance Technologies LLC now owns 576,000 shares of the company’s stock valued at $985,000 after buying an additional 10,800 shares during the last quarter. Geode Capital Management LLC increased its holdings in Outdoor by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 2,134,270 shares of the company’s stock worth $2,733,000 after buying an additional 11,729 shares during the period. Barclays PLC increased its holdings in Outdoor by 10.6% in the 4th quarter. Barclays PLC now owns 135,012 shares of the company’s stock worth $231,000 after buying an additional 12,952 shares during the period. Finally, Focus Partners Wealth raised its position in Outdoor by 2.5% during the 1st quarter. Focus Partners Wealth now owns 545,742 shares of the company’s stock worth $753,000 after buying an additional 13,130 shares during the last quarter. Hedge funds and other institutional investors own 26.40% of the company’s stock.

Outdoor Company Profile

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms. It also owns and operates GunBroker.com, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.