American Outdoor Brands (NASDAQ:AOUT) Price Target Raised to $20.00

American Outdoor Brands (NASDAQ:AOUT) had its price objective boosted by Lake Street Capital from $14.00 to $20.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

American Outdoor Brands Stock Down 2.3 %

AOUT stock opened at $16.75 on Monday. American Outdoor Brands has a 52 week low of $7.45 and a 52 week high of $17.45. The company has a market cap of $213.73 million, a price-to-earnings ratio of -28.39 and a beta of 0.26. The business has a fifty day simple moving average of $14.11 and a 200-day simple moving average of $10.82.

American Outdoor Brands (NASDAQ:AOUT) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.34 EPS for the quarter, topping 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, analysts expect that American Outdoor Brands will post 0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Outdoor Brands

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Brandes Investment Partners LP raised its position in shares of American Outdoor Brands by 70.8% during the 2nd quarter. Brandes Investment Partners LP now owns 697,603 shares of the company’s stock worth $6,178,000 after buying an additional 289,229 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of American Outdoor Brands by 0.6% during the second quarter. Renaissance Technologies LLC now owns 271,068 shares of the company’s stock valued at $2,440,000 after acquiring an additional 1,600 shares during the period. Geode Capital Management LLC increased its stake 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 valued at $1,276,000 after acquiring an additional 6,092 shares during the period. Diversified Investment Strategies LLC raised its holdings in American Outdoor Brands by 22.4% during the fourth quarter. Diversified Investment Strategies LLC now owns 117,500 shares of the company’s stock worth $1,791,000 after purchasing an additional 21,500 shares in the last quarter. Finally, State Street Corp lifted its position 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 during the period. 49.87% of the stock is currently owned by institutional investors.

About American Outdoor Brands

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.