American Outdoor Brands (NASDAQ:AOUT) Stock Price Expected to Rise, Lake Street Capital Analyst Says

American Outdoor Brands (NASDAQ:AOUTGet Free Report) had its price objective upped by research analysts at Lake Street Capital from $14.00 to $20.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Lake Street Capital’s price objective suggests a potential upside of 16.62% from the company’s previous close.

American Outdoor Brands Stock Up 6.2 %

AOUT stock opened at $17.15 on Monday. The firm has a market cap of $218.83 million, a price-to-earnings ratio of -29.07 and a beta of 0.26. American Outdoor Brands has a twelve month low of $7.45 and a twelve month high of $17.45. The business’s fifty day simple moving average is $13.95 and its two-hundred day simple moving average is $10.77.

American Outdoor Brands (NASDAQ:AOUTGet Free Report) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.18. American Outdoor Brands had a negative net margin of 3.70% and a positive return on equity of 1.86%. Research analysts expect that American Outdoor Brands will post 0.36 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of American Outdoor Brands by 33.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock worth $29,000 after buying an additional 777 shares during the period. Barclays PLC purchased a new stake in American Outdoor Brands in the third quarter worth about $37,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in American Outdoor Brands during the 3rd quarter worth about $114,000. Sanctuary Advisors LLC purchased a new position in American Outdoor Brands during the 2nd quarter valued at about $259,000. Finally, Empowered Funds LLC raised its holdings in shares of American Outdoor Brands by 4.4% in the 4th quarter. Empowered Funds LLC now owns 23,427 shares of the company’s stock valued at $357,000 after purchasing an additional 979 shares in the last quarter. 49.87% of the stock is currently owned by hedge funds and other institutional investors.

About American Outdoor Brands

(Get Free Report)

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.

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