American Outdoor Brands (NASDAQ:AOUT) PT Raised to $11.00

American Outdoor Brands (NASDAQ:AOUT) had its price target hoisted by equities researchers at Roth Mkm from $10.50 to $11.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price objective suggests a potential upside of 29.56% from the stock’s previous close.

American Outdoor Brands Price Performance

Shares of NASDAQ:AOUT opened at $8.49 on Monday. The company’s fifty day moving average price is $8.95 and its 200-day moving average price is $8.57. The firm has a market capitalization of $109.48 million, a price-to-earnings ratio of -8.94 and a beta of 0.37. American Outdoor Brands has a one year low of $7.19 and a one year high of $10.00.

American Outdoor Brands (NASDAQ:AOUT) last announced its quarterly earnings results on Thursday, June 27th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.09). American Outdoor Brands had a negative net margin of 5.27% and a positive return on equity of 0.81%. The firm had revenue of $46.30 million for the quarter, compared to analysts’ expectations of $43.20 million. During the same period in the previous year, the company earned ($0.03) EPS. As a group, equities research analysts expect that American Outdoor Brands will post 0.24 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. bought a new stake in American Outdoor Brands during the 4th quarter valued at about $74,000. Empowered Funds LLC increased its stake in American Outdoor Brands by 7.6% during the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the company’s stock valued at $175,000 after purchasing an additional 1,400 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in American Outdoor Brands during the 2nd quarter valued at about $259,000. Diversified Investment Strategies LLC increased its stake in American Outdoor Brands by 103.4% during the 1st quarter. Diversified Investment Strategies LLC now owns 60,000 shares of the company’s stock valued at $528,000 after purchasing an additional 30,500 shares in the last quarter. Finally, Brandes Investment Partners LP increased its stake in American Outdoor Brands by 26.0% during the 4th quarter. Brandes Investment Partners LP now owns 270,622 shares of the company’s stock valued at $2,273,000 after purchasing an additional 55,821 shares in the last quarter. 49.87% of the stock is currently owned by institutional investors.

American Outdoor Brands Company Profile

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.