American Outdoor Brands (NASDAQ:AOUT) Price Target Raised to $20.00

American Outdoor Brands (NASDAQ:AOUT) had its target price upped by analysts at Lake Street Capital from $14.00 to $20.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Lake Street Capital’s price target indicates a potential upside of 23.84% from the company’s current price.

American Outdoor Brands Stock Down 3.5 %

AOUT stock traded down $0.59 during mid-day trading on Monday, reaching $16.15. 48,560 shares of the stock traded hands, compared to its average volume of 81,776. The firm has a market capitalization of $206.07 million, a PE ratio of -27.37 and a beta of 0.26. The business has a 50-day moving average of $13.81 and a two-hundred day moving average of $10.71. American Outdoor Brands has a 52 week low of $7.45 and a 52 week high of $17.08.

American Outdoor Brands (NASDAQ:AOUT) last announced its earnings results on Thursday, December 5th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.18. American Outdoor Brands had a positive return on equity of 1.86% and a negative net margin of 3.70%. On average, equities research analysts anticipate that American Outdoor Brands will post 0.36 EPS for the current fiscal year.

Institutional Trading of American Outdoor Brands

Several institutional investors have recently modified their holdings of the company. Diversified Investment Strategies LLC increased its stake in American Outdoor Brands by 22.4% in the fourth quarter. Diversified Investment Strategies LLC now owns 117,500 shares of the company’s stock valued at $1,791,000 after acquiring an additional 21,500 shares during the period. JPMorgan Chase & Co. lifted its position in shares of American Outdoor Brands by 33.0% during 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. Sanctuary Advisors LLC boosted its stake in American Outdoor Brands by 35.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 38,817 shares of the company’s stock valued at $380,000 after buying an additional 10,065 shares in the last quarter. Barclays PLC bought a new stake in American Outdoor Brands in the third quarter valued at $37,000. Finally, Geode Capital Management LLC raised its stake in American Outdoor Brands by 4.6% during the third quarter. Geode Capital Management LLC now owns 138,336 shares of the company’s stock worth $1,276,000 after acquiring an additional 6,092 shares in the last quarter. Institutional investors and hedge funds own 49.87% of the company’s stock.

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.