Roth Mkm Increases Outdoor (NASDAQ:POWW) Price Target to $2.30

Outdoor (NASDAQ:POWW) had its target price increased by stock analysts at Roth Mkm from $2.25 to $2.30 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s target price would indicate a potential upside of 18.25% from the company’s previous close.

POWW has been the subject of a number of other reports. Weiss Ratings restated a “sell (d)” rating on shares of Outdoor in a report on Monday, December 29th. Lake Street Capital raised their price target on Outdoor from $2.00 to $2.50 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Outdoor has a consensus rating of “Hold” and an average price target of $2.40.

Outdoor Stock Performance

Shares of NASDAQ:POWW traded up $0.15 during trading on Tuesday, hitting $1.95. 602,616 shares of the company were exchanged, compared to its average volume of 433,425. Outdoor has a 52-week low of $1.08 and a 52-week high of $2.14. The stock has a 50 day moving average of $1.81 and a 200 day moving average of $1.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 3.44. The company has a market cap of $227.78 million, a PE ratio of -9.73 and a beta of 1.26.

Outdoor (NASDAQ:POWW) last issued its quarterly earnings data on Monday, February 9th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. The company had revenue of $13.39 million during the quarter, compared to the consensus estimate of $12.52 million. As a group, equities research analysts predict that Outdoor will post 0.09 EPS for the current year.

Outdoor declared that its board has approved a stock buyback program on Monday, January 5th that authorizes the company to buyback $15.00 million in shares. This buyback authorization authorizes the company to repurchase up to 7.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC acquired a new position in shares of Outdoor in the first quarter worth $29,000. Jacobs Levy Equity Management Inc. bought a new position in Outdoor in the 1st quarter valued at about $214,000. Empowered Funds LLC lifted its holdings in shares of Outdoor by 7.4% in the first quarter. Empowered Funds LLC now owns 645,302 shares of the company’s stock valued at $891,000 after buying an additional 44,545 shares during the period. Jane Street Group LLC boosted its stake in Outdoor by 114.4% during the first quarter. Jane Street Group LLC now owns 148,855 shares of the company’s stock valued at $205,000 after buying an additional 79,416 shares in the last quarter. Finally, Focus Partners Wealth grew its holdings in Outdoor by 2.5% during the first quarter. Focus Partners Wealth now owns 545,742 shares of the company’s stock worth $753,000 after acquiring an additional 13,130 shares during the period. 26.40% of the stock is owned by institutional investors and hedge funds.

Outdoor Company Profile

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms. It also owns and operates GunBroker.com, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.