Lake Street Capital Issues Positive Forecast for American Outdoor Brands (NASDAQ:AOUT) Stock Price

American Outdoor Brands (NASDAQ:AOUT) had its price objective upped by Lake Street Capital from $14.00 to $20.00 in a research report released on Monday morning,Benzinga reports. Lake Street Capital currently has a buy rating on the stock.

American Outdoor Brands Stock Down 2.3 %

Shares of NASDAQ AOUT opened at $16.75 on Monday. American Outdoor Brands has a 12 month low of $7.45 and a 12 month high of $17.45. The company has a market cap of $213.73 million, a price-to-earnings ratio of -28.39 and a beta of 0.26. The business has a fifty day simple moving average of $14.11 and a 200-day simple moving average of $10.82.

American Outdoor Brands (NASDAQ:AOUT) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.18. American Outdoor Brands had a negative net margin of 3.70% and a positive return on equity of 1.86%. As a group, sell-side analysts expect that American Outdoor Brands will post 0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AOUT. JPMorgan Chase & Co. grew its stake in American Outdoor Brands by 33.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock valued at $29,000 after acquiring an additional 777 shares in the last quarter. Barclays PLC acquired a new stake in shares of American Outdoor Brands during the third quarter worth approximately $37,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in American Outdoor Brands during the third quarter valued at approximately $114,000. Sanctuary Advisors LLC acquired a new position in American Outdoor Brands in the 2nd quarter valued at approximately $259,000. Finally, Empowered Funds LLC lifted its position in American Outdoor Brands by 4.4% in the 4th quarter. Empowered Funds LLC now owns 23,427 shares of the company’s stock worth $357,000 after buying an additional 979 shares in the last quarter. 49.87% of the stock is owned 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 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.