American Outdoor Brands, Inc. (NASDAQ: AUGUST) benefited from a significant increase in short interest during the month of December. As of December 15, there was short interest totaling 503,000 shares, an increase of 27.2% from the total of 395,300 shares as of November 30. Currently 3.7% of stocks are sold short. Based on an average daily trading volume of 150,900 shares, the short-term interest ratio is currently 3.3 days.
In other news from American outdoor brands, the CFO Hugh Andrew Fulmer bought 2,500 shares of American Outdoor Brands in a trade that took place on Monday, December 13. The shares were purchased at an average price of $ 18.95 per share, for a total transaction of $ 47,375.00. The acquisition has been disclosed in a legal file with the Securities & Exchange Commission, which can be accessed via this hyperlink. Additionally, CEO Brian Daniel Murphy bought 2,718 shares of American Outdoor Brands in a trade that took place on Monday, December 13. The stock was purchased at an average price of $ 18.32 per share, for a total transaction of $ 49,793.76. Disclosure of this purchase can be found here. During the last quarter, insiders bought 6,218 shares of the company valued at $ 115,569. Company insiders own 1.35% of the company’s shares.
Several institutional investors and hedge funds have recently changed their holdings in the company. Confluence Investment Management LLC increased its stake in shares of American Outdoor Brands by 1.3% during the fourth quarter. Confluence Investment Management LLC now owns 237,906 shares of the company valued at $ 4,742,000 after purchasing an additional 3,087 shares during the period. Bank of New York Mellon Corp increased its stake in American Outdoor Brands shares by 9.7% during the third quarter. Bank of New York Mellon Corp now owns 51,601 shares of the company valued at $ 1,267,000 after purchasing an additional 4,577 shares during the period. Two Sigma Advisers LP increased its equity stake in American Outdoor Brands by 15.8% during the third quarter. Two Sigma Advisers LP now owns 103,600 shares of the company valued at $ 2,544,000 after purchasing an additional 14,100 shares during the period. Two Sigma Investments LP increased its stake in American Outdoor Brands shares by 1.8% during the third quarter. Two Sigma Investments LP now owns 105,073 shares of the company valued at $ 2,581,000 after purchasing an additional 1,847 shares during the period. Finally, Wellington Management Group LLP increased its equity stake in American Outdoor Brands by 109.7% during the third quarter. Wellington Management Group LLP now owns 930,729 shares of the company valued at $ 22,859,000 after purchasing an additional 486,908 shares during the period. 67.79% of the shares are held by hedge funds and other institutional investors.
Several brokerages recently weighed on AUGUST. Lake Street Capital lowered its price target for American Outdoor Brands stock from $ 40.00 to $ 32.00 and set a “buy” rating on the stock in a research report released on Friday, December 10. Zacks investment research Reduced shares of American Outdoor Brands from a “hold” rating to a “sell” rating in a research report released on Tuesday, December 14. Finally, B. Riley lowered his target price on American Outdoor Brands stock from $ 47.00 to $ 37.00 and set a “buy” rating on the stock in a research report on Friday. December 10. One analyst rated the stock with a sell rating and four gave the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $ 32.60.
AUGUST stock open for $ 18.44 Thursday. American Outdoor Brands has a twelve month low of $ 17.50 and a twelve month high of $ 36.62. The stock has a market cap of $ 261.57 million, a price-to-earnings ratio of 15.24 and a beta of -0.11. The company’s fifty-day simple moving average is $ 21.67 and its two-hundred-day simple moving average is $ 25.53.
American Outdoor Brands (NASDAQ: AUGUST) last released its quarterly earnings data on Thursday, December 9. The company reported earnings per share of $ 0.58 for the quarter, missing Zacks’ consensus estimate of $ 0.76 ($ 0.18). American Outdoor Brands had a net margin of 6.21% and a return on equity of 10.40%. The company posted revenue of $ 70.80 million for the quarter, compared to a consensus estimate of $ 82.23 million. In the same quarter of last year, the company achieved EPS of $ 0.73. The company’s revenue was down 10.5% year-on-year. Equity research analysts forecast American Outdoor Brands to post earnings per share of 1.94 for the current fiscal year.
American Outdoor Brands Company Profile
American Outdoor Brands, Inc. provides outdoor products and accessories for outdoor enthusiasts in the United States and around the world. The company offers products for hunting, fishing, camping, shooting, personal safety and defense. Its products include shooting supplies, racks, safes and other related accessories; premium sport knives and tools for fishing and hunting; land management tools for hunting preparation; harvesting of products for post-hunting or post-fishing activities; electro-optical devices including hunting optics, gun pointing devices, flashlights and laser grips; gun reloading, gunsmithing and cleaning supplies; and survival, camping and emergency preparedness products.
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