American Outdoor Brands (NASDAQ:AOUT) Trading 0.5% Higher – Still a Buy?

American Outdoor Brands, Inc. (NASDAQ:AOUT)’s stock price rose 0.5% on Thursday . The company traded as high as $9.90 and last traded at $9.60. Approximately 30,777 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 31,970 shares. The stock had previously closed at $9.55.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Outdoor Brands in a research note on Friday, March 27th. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.50.

American Outdoor Brands Stock Up 0.5%

The firm has a market capitalization of $120.96 million, a price-to-earnings ratio of -12.31 and a beta of 0.28. The firm’s 50 day moving average is $9.07 and its 200 day moving average is $8.35.

Institutional Trading of American Outdoor Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in AOUT. Geode Capital Management LLC lifted its stake in American Outdoor Brands by 104.7% during the second quarter. Geode Capital Management LLC now owns 293,683 shares of the company’s stock valued at $3,070,000 after purchasing an additional 150,202 shares during the last quarter. Corient Private Wealth LLC lifted its stake in American Outdoor Brands by 422.9% in the 4th quarter. Corient Private Wealth LLC now owns 169,000 shares of the company’s stock worth $1,306,000 after acquiring an additional 136,680 shares in the last quarter. Argos Wealth Advisors LLC purchased a new stake in shares of American Outdoor Brands during the fourth quarter worth $975,000. Royce & Associates LP increased its holdings in American Outdoor Brands by 16.0% in the third quarter. Royce & Associates LP now owns 859,233 shares of the company’s stock worth $7,458,000 after buying an additional 118,604 shares during the last quarter. Finally, Brandes Investment Partners LP increased its stake in shares of American Outdoor Brands by 6.6% during the 4th quarter. Brandes Investment Partners LP now owns 1,887,645 shares of the company’s stock worth $14,591,000 after purchasing an additional 116,971 shares during the last quarter. 49.87% of the stock is owned by institutional investors and hedge funds.

About American Outdoor Brands

American Outdoor Brands, Inc designs, manufactures and distributes a broad range of outdoor sports and recreational products for consumers and commercial end users. Through its Shooting & Accessories and Functional Outdoor Approaches segments, the company offers shooting sports equipment, hunting and fishing accessories, archery gear, tactical and personal defense solutions, outdoor apparel, fitness products and knife and tool categories. Its portfolio encompasses well-known brands such as Wheeler®, Tipton®, Caldwell®, Hogue®, Manticore Arms® and other specialty labels.

Formed as a standalone public company in 2016 following a spin-off from Smith & Wesson, American Outdoor Brands has its headquarters in Columbia, Missouri, with manufacturing, distribution and sales operations across North America.