American Outdoor Brands (NASDAQ:AOUT) Announces Quarterly Earnings Results

American Outdoor Brands (NASDAQ:AOUT) announced its quarterly earnings results on Thursday. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.14, FiscalAI reports. American Outdoor Brands had a negative net margin of 4.78% and a positive return on equity of 0.62%.

American Outdoor Brands Trading Down 3.7%

Shares of NASDAQ:AOUT traded down $0.38 on Thursday, hitting $9.91. The company had a trading volume of 160,565 shares, compared to its average volume of 48,097. The stock has a market cap of $124.87 million, a price-to-earnings ratio of -12.70 and a beta of 0.31. The stock has a 50 day moving average price of $9.66 and a 200 day moving average price of $9.04. American Outdoor Brands has a 1-year low of $6.26 and a 1-year high of $13.46.

Hedge Funds Weigh In On American Outdoor Brands

Institutional investors have recently modified their holdings of the business. Mariner LLC bought a new position in shares of American Outdoor Brands during the 4th quarter worth about $139,000. Invesco Ltd. bought a new stake in American Outdoor Brands in the 2nd quarter valued at about $147,000. Barclays PLC raised its stake in American Outdoor Brands by 11.0% during the 4th quarter. Barclays PLC now owns 19,271 shares of the company’s stock worth $149,000 after buying an additional 1,902 shares during the period. Russell Investments Group Ltd. boosted its holdings in American Outdoor Brands by 558.0% in the fourth quarter. Russell Investments Group Ltd. now owns 20,550 shares of the company’s stock worth $159,000 after acquiring an additional 17,427 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in American Outdoor Brands by 158.0% in the fourth quarter. Royal Bank of Canada now owns 26,408 shares of the company’s stock valued at $204,000 after acquiring an additional 16,171 shares during the period. Institutional investors and hedge funds own 49.87% of the company’s stock.

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 investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.50.

American Outdoor Brands Company Profile

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.