American Outdoor Brands (NASDAQ:AOUT) PT Raised to $11.00 at Roth Mkm

American Outdoor Brands (NASDAQ:AOUT) had its price objective lifted by Roth Mkm from $10.50 to $11.00 in a research report report published on Monday morning, Benzinga reports. Roth Mkm currently has a buy rating on the stock.

American Outdoor Brands Trading Up 7.2 %

AOUT stock opened at $9.05 on Monday. The company has a market cap of $116.70 million, a PE ratio of -9.53 and a beta of 0.37. The stock has a 50-day moving average price of $8.95 and a two-hundred day moving average price of $8.56. American Outdoor Brands has a 12-month low of $7.19 and a 12-month high of $10.00.

American Outdoor Brands (NASDAQ:AOUT) last released its quarterly earnings data on Thursday, June 27th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.09). American Outdoor Brands had a negative net margin of 5.27% and a positive return on equity of 0.81%. The firm had revenue of $46.30 million during the quarter, compared to analyst estimates of $43.20 million. During the same period in the prior year, the firm earned ($0.03) earnings per share. Equities analysts forecast that American Outdoor Brands will post 0.24 EPS for the current fiscal year.

Institutional Trading of American Outdoor Brands

Institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new position in American Outdoor Brands in the second quarter valued at about $259,000. Brandes Investment Partners LP raised its holdings 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 valued at $6,178,000 after buying an additional 289,229 shares during the period. Renaissance Technologies LLC raised its holdings in shares of American Outdoor Brands by 0.6% during the 2nd quarter. Renaissance Technologies LLC now owns 271,068 shares of the company’s stock valued at $2,440,000 after buying an additional 1,600 shares during the period. Gamco Investors INC. ET AL lifted its position in American Outdoor Brands by 9.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 290,063 shares of the company’s stock worth $2,553,000 after acquiring an additional 24,400 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in American Outdoor Brands by 7.6% in the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the company’s stock worth $175,000 after acquiring an additional 1,400 shares during the period. 49.87% of the stock is owned by hedge funds and other 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.