Lake Street Capital Forecasts Strong Price Appreciation for American Outdoor Brands (NASDAQ:AOUT) Stock

American Outdoor Brands (NASDAQ:AOUT) had its target price boosted by Lake Street Capital from $11.50 to $14.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Lake Street Capital’s price target suggests a potential upside of 5.82% from the stock’s current price.

Separately, Roth Mkm raised their target price on American Outdoor Brands from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Monday, September 16th.

American Outdoor Brands Price Performance

Shares of AOUT opened at $13.23 on Friday. The company has a 50-day moving average of $9.40 and a two-hundred day moving average of $8.94. The stock has a market cap of $169.74 million, a price-to-earnings ratio of -22.42 and a beta of 0.44. American Outdoor Brands has a one year low of $7.19 and a one year high of $13.24.

American Outdoor Brands (NASDAQ:AOUT) last posted its quarterly earnings data on Thursday, September 5th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.08. 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 $41.64 million during the quarter, compared to analyst estimates of $40.50 million. Analysts anticipate that American Outdoor Brands will post 0.28 earnings per share for the current year.

Institutional Trading of American Outdoor Brands

Several institutional investors have recently made changes to their positions in the stock. Barclays PLC bought a new stake in shares of American Outdoor Brands in the 3rd quarter valued at approximately $37,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of American Outdoor Brands during the 3rd quarter worth $114,000. Sanctuary Advisors LLC acquired a new position in shares of American Outdoor Brands during the 2nd quarter worth $259,000. State Street Corp boosted its holdings in American Outdoor Brands by 3.9% in the third quarter. State Street Corp now owns 45,786 shares of the company’s stock worth $422,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in American Outdoor Brands by 4.6% during the third quarter. Geode Capital Management LLC now owns 138,336 shares of the company’s stock valued at $1,276,000 after buying an additional 6,092 shares in the last quarter. 49.87% of the stock is currently owned by institutional investors and hedge funds.

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.