American Outdoor Brands (NASDAQ:AOUT) Stock Price Up 0.5% – Here’s Why

American Outdoor Brands, Inc. (NASDAQ:AOUT)’s share price rose 0.5% during mid-day trading on Thursday . The stock traded as high as $9.90 and last traded at $9.60. Approximately 30,777 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 31,970 shares. The stock had previously closed at $9.55.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of American Outdoor Brands in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.50.

American Outdoor Brands Trading Down 2.4%

The firm has a fifty day moving average of $9.07 and a 200 day moving average of $8.35. The company has a market capitalization of $118.06 million, a P/E ratio of -12.01 and a beta of 0.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AOUT. Russell Investments Group Ltd. lifted its position in shares of American Outdoor Brands by 3.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 38,852 shares of the company’s stock valued at $406,000 after buying an additional 1,296 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of American Outdoor Brands by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 33,530 shares of the company’s stock valued at $313,000 after buying an additional 1,641 shares in the last quarter. Barclays PLC lifted its position in shares of American Outdoor Brands by 11.0% during the 4th quarter. Barclays PLC now owns 19,271 shares of the company’s stock valued at $149,000 after buying an additional 1,902 shares in the last quarter. Empowered Funds LLC lifted its position in shares of American Outdoor Brands by 8.4% during the 1st quarter. Empowered Funds LLC now owns 25,399 shares of the company’s stock valued at $309,000 after buying an additional 1,972 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in shares of American Outdoor Brands by 1.8% during the 2nd quarter. Bridgeway Capital Management LLC now owns 124,386 shares of the company’s stock valued at $1,300,000 after buying an additional 2,180 shares in the last quarter. 49.87% of the stock is owned by hedge funds and other institutional investors.

About American Outdoor Brands

American Outdoor Brands, Inc designs, manufactures and distributes a broad range of outdoor sports and recreational products for consumers and commercial end users. Through its Shooting & Accessories and Functional Outdoor Approaches segments, the company offers shooting sports equipment, hunting and fishing accessories, archery gear, tactical and personal defense solutions, outdoor apparel, fitness products and knife and tool categories. Its portfolio encompasses well-known brands such as Wheeler®, Tipton®, Caldwell®, Hogue®, Manticore Arms® and other specialty labels.

Formed as a standalone public company in 2016 following a spin-off from Smith & Wesson, American Outdoor Brands has its headquarters in Columbia, Missouri, with manufacturing, distribution and sales operations across North America.