JPMorgan Chase & Co. Has $29,000 Stock Position in American Outdoor Brands, Inc. (NASDAQ:AOUT)

JPMorgan Chase & Co. increased its position in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) by 33.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,135 shares of the company’s stock after acquiring an additional 777 shares during the period. JPMorgan Chase & Co.’s holdings in American Outdoor Brands were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AOUT. Sanctuary Advisors LLC acquired a new stake in shares of American Outdoor Brands in the second quarter worth $259,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of American Outdoor Brands in the 3rd quarter valued at $114,000. State Street Corp grew its stake in American Outdoor Brands by 3.9% during the third quarter. State Street Corp now owns 45,786 shares of the company’s stock worth $422,000 after buying an additional 1,700 shares during the last quarter. Barclays PLC bought a new position in American Outdoor Brands in the 3rd quarter valued at $37,000. Finally, Geode Capital Management LLC lifted its position in shares of American Outdoor Brands by 4.6% during the third quarter. Geode Capital Management LLC now owns 138,336 shares of the company’s stock worth $1,276,000 after purchasing an additional 6,092 shares in the last quarter. 49.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital raised their price objective on shares of American Outdoor Brands from $14.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, January 27th.

American Outdoor Brands Stock Up 5.6 %

NASDAQ:AOUT opened at $17.44 on Wednesday. The firm has a market capitalization of $222.53 million, a price-to-earnings ratio of -29.56 and a beta of 0.27. The stock’s 50 day moving average price is $14.70 and its two-hundred day moving average price is $11.04. American Outdoor Brands, Inc. has a twelve month low of $7.45 and a twelve month high of $17.91.

American Outdoor Brands (NASDAQ:AOUT) last posted its earnings results on Thursday, December 5th. The company reported $0.34 EPS for the quarter, beating the consensus estimate 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, analysts anticipate that American Outdoor Brands, Inc. will post 0.36 earnings per share for the current year.

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.