Lake Street Capital Issues Positive Forecast for American Outdoor Brands (NASDAQ:AOUT) Stock Price

American Outdoor Brands (NASDAQ:AOUT) had its price target increased by Lake Street Capital from $14.00 to $20.00 in a report published on Monday,Benzinga reports. Lake Street Capital currently has a buy rating on the stock.

American Outdoor Brands Trading Down 3.5 %

American Outdoor Brands stock opened at $16.15 on Monday. The business’s 50 day simple moving average is $13.81 and its 200 day simple moving average is $10.71. American Outdoor Brands has a 12 month low of $7.45 and a 12 month high of $17.08. The company has a market cap of $206.07 million, a price-to-earnings ratio of -27.37 and a beta of 0.26.

American Outdoor Brands (NASDAQ:AOUT) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.18. American Outdoor Brands had a positive return on equity of 1.86% and a negative net margin of 3.70%. As a group, equities research analysts forecast that American Outdoor Brands will post 0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AOUT. JPMorgan Chase & Co. increased its position in shares of American Outdoor Brands by 33.0% during the third quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock valued at $29,000 after buying an additional 777 shares during the period. Renaissance Technologies LLC increased its holdings in American Outdoor Brands by 0.6% during the 2nd quarter. Renaissance Technologies LLC now owns 271,068 shares of the company’s stock worth $2,440,000 after acquiring an additional 1,600 shares during the period. State Street Corp increased its holdings in American Outdoor Brands by 3.9% during the 3rd quarter. State Street Corp now owns 45,786 shares of the company’s stock worth $422,000 after acquiring an additional 1,700 shares during the period. Barclays PLC purchased a new stake in American Outdoor Brands in the 3rd quarter worth approximately $37,000. Finally, Geode Capital Management LLC boosted its holdings in American Outdoor Brands by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 138,336 shares of the company’s stock valued at $1,276,000 after purchasing an additional 6,092 shares during the period. 49.87% of the stock is currently owned by hedge funds and other 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.