American Outdoor Brands (NASDAQ:AOUT) Price Target Increased to $11.00 by Analysts at Roth Mkm

American Outdoor Brands (NASDAQ:AOUT) had its target price raised by Roth Mkm from $10.50 to $11.00 in a research report released on Monday, Benzinga reports. They currently have a buy rating on the stock.

American Outdoor Brands Price Performance

Shares of American Outdoor Brands stock opened at $9.05 on Monday. American Outdoor Brands has a 1-year low of $7.19 and a 1-year high of $10.00. The company has a market capitalization of $116.70 million, a PE ratio of -9.53 and a beta of 0.37. The business has a 50-day moving average of $8.95 and a 200-day moving average of $8.56.

American Outdoor Brands (NASDAQ:AOUT) last issued its quarterly earnings data on Thursday, June 27th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $46.30 million for the quarter, compared to analyst estimates of $43.20 million. During the same quarter last year, the business earned ($0.03) EPS. On average, equities analysts expect that American Outdoor Brands will post 0.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. bought a new stake in shares of American Outdoor Brands in the 4th quarter worth about $74,000. Empowered Funds LLC grew its stake in American Outdoor Brands by 7.6% in the first quarter. Empowered Funds LLC now owns 19,936 shares of the company’s stock worth $175,000 after purchasing an additional 1,400 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in American Outdoor Brands in the second quarter valued at about $259,000. Diversified Investment Strategies LLC raised its stake in American Outdoor Brands by 103.4% during the first quarter. Diversified Investment Strategies LLC now owns 60,000 shares of the company’s stock valued at $528,000 after buying an additional 30,500 shares in the last quarter. Finally, Brandes Investment Partners LP lifted its holdings 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 worth $2,273,000 after buying an additional 55,821 shares during 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.