American Outdoor Brands, Inc. (NASDAQ:AOUT) Brief Interest Update

0

American Outdoor Brands, Inc. (NASDAQ:AOUT) saw strong growth in short-term interest during the month of January. As of January 15, there was short interest totaling 454,700 shares, a growth of 24.1% from the total of 366,300 shares as of December 31. About 3.4% of the stock’s shares are sold short. Based on an average trading volume of 160,900 shares, the short interest ratio is currently 2.8 days.

NASDAQ AUGUST shares opened at $17.17 on Thursday. The company’s fifty-day moving average is $18.97 and its 200-day moving average is $23.28. The stock has a market capitalization of $243.56 million, a price-earnings ratio of 14.19 and a beta of 0.35. American Outdoor Brands has a 12-month low of $15.28 and a 12-month high of $36.62.

American Outdoor Brands (NASDAQ:AUG) last reported quarterly results on Thursday, Dec. 9. The company reported earnings per share of $0.58 for the quarter, missing analyst consensus estimates of $0.76 per ($0.18). The company posted revenue of $70.80 million for the quarter, versus a consensus estimate of $82.23 million. American Outdoor Brands had a return on equity of 10.40% and a net margin of 6.21%. The company’s revenue for the quarter decreased 10.5% compared to the same quarter last year. In the same period a year earlier, the company had earned earnings per share of $0.73. As a group, analysts expect American Outdoor Brands to post 1.94 EPS for the current fiscal year.

A number of brokerages have recently weighed in on AOUT. Zacks Investment Research downgraded shares of American Outdoor Brands from a “hold” rating to a “sell” rating in a Tuesday, Dec. 14 report. Lake Street Capital lowered its price target on American Outdoor Brands shares from $40.00 to $32.00 and set a “buy” rating for the company in a Friday, Dec. 10 report. B. Riley lowered his price target on American Outdoor Brands stock from $47.00 to $37.00 and set a “buy” rating for the company in a Friday, Dec. 10 report. Finally, TheStreet downgraded shares of American Outdoor Brands from a “c-” rating to a “d” rating in a Monday, Jan. 24, report. One financial analyst gave the stock a sell rating and three gave the company a buy rating. According to data from MarketBeat.com, American Outdoor Brands has an average rating of “Buy” and a consensus target price of $34.75.

(A d)

What about NFTs?

In 2021, sales exceeded $9 billion, more than 25 times the growth. And they show no signs of slowing down.

These are the top 3 NFT stocks for 2022.

In related news, CEO Brian Daniel Murphy bought 2,718 shares of American Outdoor Brands in a trade that took place on Monday, December 13. The shares were acquired at an average price of $18.32 per share, for a total transaction of $49,793.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, available on the SEC’s website. Additionally, Chief Financial Officer Hugh Andrew Fulmer purchased 2,500 shares of the company in a transaction on Monday, December 13. The shares were acquired at an average price of $18.95 per share, with a total value of $47,375.00. Disclosure of this purchase can be found here. Insiders purchased a total of 6,218 shares of the company valued at $115,569 during the last quarter. Insiders own 1.35% of the shares of the company.

A number of institutional investors and hedge funds have been buying and selling stocks recently. Eidelman Virant Capital bought a new stake in American Outdoor Brands in Q4 valued at $200,000. Allspring Global Investments Holdings LLC bought a new stake in American Outdoor Brands in Q4 valued at $139,000. Confluence Investment Management LLC increased its position in American Outdoor Brands by 1.3% in the fourth quarter. Confluence Investment Management LLC now owns 237,906 shares of the company valued at $4,742,000 after acquiring 3,087 additional shares last quarter. Bank of New York Mellon Corp increased its position in American Outdoor Brands by 9.7% in the third quarter. Bank of New York Mellon Corp now owns 51,601 shares of the company worth $1,267,000 after buying 4,577 additional shares last quarter. Finally, Two Sigma Advisers LP increased its position in American Outdoor Brands by 15.8% in the 3rd quarter. Two Sigma Advisers LP now owns 103,600 shares of the company worth $2,544,000 after purchasing an additional 14,100 shares in the last quarter. 65.52% of the shares are currently held by institutional investors and hedge funds.

About American Outdoor Brands

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and around the world. The company offers hunting, fishing, camping, shooting, personal safety and defense products. Its products include shooting supplies, rests, vaults and other related accessories; premium sporting knives and tools for fishing and hunting; land management tools for hunting preparation; harvest products for post-hunting or post-fishing activities; electro-optical devices comprised of hunting optics, gun sights, flashlights and laser grips; gun reloading, gunsmithing and cleaning supplies; and survival, camping and emergency preparedness products.

See also: CAC 40 index

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in American outdoor brands right now?

Before you consider American Outdoor Brands, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and American Outdoor Brands didn’t make the list.

While American Outdoor Brands currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Share.

About Author

Comments are closed.