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

American Outdoor Brands, Inc. (NASDAQ:AOUT) has earned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $18.33.

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

Institutional Trading of American Outdoor Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL lifted its stake in shares of American Outdoor Brands by 1.6% in the 1st quarter. Gamco Investors INC. ET AL now owns 314,813 shares of the company’s stock worth $2,940,000 after acquiring an additional 5,000 shares during the period. BlackRock Inc. bought a new position in shares of American Outdoor Brands in the second quarter valued at approximately $3,270,000. Corient Private Wealth LLC increased its stake in shares of American Outdoor Brands by 422.9% during the fourth quarter. Corient Private Wealth LLC now owns 169,000 shares of the company’s stock valued at $1,306,000 after acquiring an additional 136,680 shares during the period. Ancora Advisors LLC acquired a new position in shares of American Outdoor Brands during the second quarter valued at approximately $1,043,000. Finally, Susquehanna International Group LLP increased its stake in shares of American Outdoor Brands by 357.0% during the second quarter. Susquehanna International Group LLP now owns 74,844 shares of the company’s stock valued at $879,000 after acquiring an additional 58,466 shares during the period. 49.87% of the stock is currently owned by institutional investors.

American Outdoor Brands Stock Performance

Shares of NASDAQ:AOUT traded up $0.57 during trading hours on Tuesday, hitting $17.01. The stock had a trading volume of 25,949 shares, compared to its average volume of 100,993. The stock’s fifty day simple moving average is $13.97 and its 200 day simple moving average is $11.83. American Outdoor Brands has a 1-year low of $6.26 and a 1-year high of $17.69. The firm has a market capitalization of $214.62 million, a price-to-earnings ratio of -55.29 and a beta of 0.15.

American Outdoor Brands (NASDAQ:AOUT) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.27. The company had revenue of $37.25 million for the quarter, compared to analysts’ expectations of $35.64 million. American Outdoor Brands had a positive return on equity of 2.88% and a negative net margin of 1.97%. As a group, research analysts anticipate that American Outdoor Brands will post 0.47 EPS for the current year.

About American Outdoor Brands

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.