Roth Mkm Raises American Outdoor Brands (NASDAQ:AOUT) Price Target to $11.00

American Outdoor Brands (NASDAQ:AOUT) had its price objective hoisted by Roth Mkm from $10.50 to $11.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

American Outdoor Brands Trading Down 0.6 %

AOUT stock opened at $8.44 on Monday. The firm’s 50-day moving average is $8.95 and its two-hundred day moving average is $8.56. The company has a market capitalization of $108.83 million, a price-to-earnings ratio of -8.88 and a beta of 0.37. American Outdoor Brands has a 52 week low of $7.19 and a 52 week high of $10.00.

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

Institutional Investors Weigh In On American Outdoor Brands

A number of institutional investors and hedge funds have recently modified their holdings of AOUT. Victory Capital Management Inc. acquired a new stake in shares of American Outdoor Brands during the fourth quarter worth $74,000. Empowered Funds LLC raised its holdings in American Outdoor Brands by 7.6% during the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the company’s stock worth $175,000 after buying an additional 1,400 shares during the period. Sanctuary Advisors LLC purchased a new stake in American Outdoor Brands during the second quarter valued at about $259,000. Diversified Investment Strategies LLC boosted its holdings in shares of American Outdoor Brands by 103.4% in the first quarter. Diversified Investment Strategies LLC now owns 60,000 shares of the company’s stock worth $528,000 after buying an additional 30,500 shares during the period. Finally, Brandes Investment Partners LP increased its position in shares of American Outdoor Brands by 26.0% in the fourth quarter. Brandes Investment Partners LP now owns 270,622 shares of the company’s stock worth $2,273,000 after acquiring an additional 55,821 shares in the last quarter. Institutional investors and hedge funds own 49.87% of the company’s stock.

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.