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

by · The Cerbat Gem

American Outdoor Brands, Inc. (NASDAQ:AOUT – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 336,666 shares, a growth of 96.1% from the August 31st total of 171,717 shares. Based on an average daily volume of 622,027 shares, the short-interest ratio is currently 0.5 days. Approximately 3.2% of the shares of the company are sold short.

Institutional Investors Weigh In On American Outdoor Brands

Hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP raised its position in shares of American Outdoor Brands by 357.0% during the 2nd quarter. Susquehanna International Group LLP now owns 74,844 shares of the company’s stock valued at $879,000 after buying an additional 58,466 shares in the last quarter. Empowered Funds LLC bought a new stake in American Outdoor Brands during the second quarter worth approximately $431,000. Ancora Advisors LLC purchased a new stake in American Outdoor Brands during the second quarter valued at approximately $1,043,000. Sanctuary Advisors LLC purchased a new stake in American Outdoor Brands during the second quarter valued at approximately $425,000. Finally, BlackRock Inc. bought a new stake in shares of American Outdoor Brands in the 2nd quarter valued at approximately $3,270,000. Hedge funds and other institutional investors own 49.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Zacks Research raised American Outdoor Brands from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 23rd. Roth Capital reiterated a “buy” rating and issued a $17.00 price target (up from $13.50) on shares of American Outdoor Brands in a research report on Friday, September 4th. Lake Street Capital restated a “buy” rating and set a $16.00 target price on shares of American Outdoor Brands in a research note on Friday, September 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of American Outdoor Brands in a report on Monday, September 21st. Finally, Wall Street Zen upgraded American Outdoor Brands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

Check Out Our Latest Research Report on American Outdoor Brands

American Outdoor Brands Stock Down 3.7%

American Outdoor Brands stock traded down $0.62 during midday trading on Wednesday, reaching $16.28. 167,862 shares of the stock traded hands, compared to its average volume of 101,363. The stock’s fifty day moving average is $13.35 and its 200-day moving average is $11.32. American Outdoor Brands has a 12 month low of $6.26 and a 12 month high of $17.69. The stock has a market cap of $205.47 million, a P/E ratio of -52.52 and a beta of 0.27.

American Outdoor Brands (NASDAQ:AOUT – Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.27. The business had revenue of $37.25 million for the quarter, compared to the consensus estimate of $35.64 million. American Outdoor Brands had a positive return on equity of 2.88% and a negative net margin of 1.97%. On average, equities analysts predict that American Outdoor Brands will post 0.47 EPS for the current fiscal year.

American Outdoor Brands Company Profile

(Get Free Report)

American Outdoor Brands, Inc is an outdoor products company that develops, manufactures and sells equipment and accessories for shooting, hunting, fishing, camping and other outdoor activities. Its product portfolio includes shooting accessories, optics and mounts, knives and tools, game-processing equipment, hunting gear, fishing products, coolers and camping accessories.

The company markets its products under a portfolio of recognized outdoor brands, including Caldwell, Crimson Trace, BOG, Old Timer, Schrade, UST and Hooyman.

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