Roth Mkm Raises Outdoor (NASDAQ:POWW) Price Target to $2.30

Outdoor (NASDAQ:POWW) had its price target boosted by equities researchers at Roth Mkm from $2.25 to $2.30 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price objective points to a potential upside of 19.17% from the stock’s previous close.

A number of other equities analysts have also weighed in on POWW. Lake Street Capital increased their price target on Outdoor from $2.00 to $2.50 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Outdoor in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $2.40.

Outdoor Stock Up 0.5%

NASDAQ POWW opened at $1.93 on Tuesday. Outdoor has a 12 month low of $1.08 and a 12 month high of $2.14. The company has a market capitalization of $226.02 million, a P/E ratio of -9.65 and a beta of 1.26. The company’s 50 day simple moving average is $1.81 and its 200 day simple moving average is $1.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.00 and a quick ratio of 3.44.

Outdoor (NASDAQ:POWW) last posted its quarterly earnings results on Monday, February 9th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.03. Outdoor had a negative net margin of 161.16% and a negative return on equity of 8.65%. The firm had revenue of $13.39 million for the quarter, compared to analyst estimates of $12.52 million. Equities research analysts expect that Outdoor will post 0.09 earnings per share for the current fiscal year.

Outdoor announced that its Board of Directors has initiated a stock repurchase program on Monday, January 5th that allows the company to repurchase $15.00 million in shares. This repurchase authorization allows the company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Outdoor

A number of large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its holdings in shares of Outdoor by 101.4% during 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 period. R Squared Ltd purchased a new stake in Outdoor in the 4th quarter worth approximately $32,000. Squarepoint Ops LLC acquired a new stake in shares of Outdoor during the 3rd quarter valued at $27,000. AQR Capital Management LLC acquired a new stake in shares of Outdoor during the 1st quarter valued at $29,000. Finally, SG Americas Securities LLC purchased a new position in shares of Outdoor during the 4th quarter valued at $36,000. Institutional investors and hedge funds 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.