According to The Fly’s report, B. Riley upgraded American Outdoor Brands (NASDAQ: AOUT). In a research note distributed to clients and investors, B. Riley moved the stock from a “neutral” rating to a “buy” recommendation. The corporation has determined that a price of $11.00 per share should serve as the target price for the stock. B. Riley has made a price prognosis for the stock, and the projection indicates that the stock’s price has the potential to increase by 41.57% from its most recent closing price. Underappreciated, The Growth of American Outdoor Products, Manufactured in-country in the United States Several other financial market analysts have also provided feedback on the company.
In a research report released on Tuesday, August 2nd, Cowen decreased their price target on American Outdoor Brands from $23.00 to $11.00 in a research report. The analysis was on the company’s stock and was about its future. Roth Capital released a research note on American Outdoor Brands on the 21st of July, the same day they began covering the company as a company to invest in. They suggested making a “buy” investment in the company and established an $11.00 price goal for the investment. In a research report on Tuesday, August 2nd, Cowen cut their price objective for American Outdoor Brands. The study was about the company’s stock. The previous price objective was $23, but we’ve revised it to $11.00 now. On Tuesday morning, the market’s opening price was $7.77 for each share of AOUT. The company currently has a price-to-earnings ratio of 1.59, a market capitalization of $104.55 million, and a beta value of 0.30. The stock price has a simple moving average over the past 50 days of $8.68, and its simple moving average over the past 200 days is $11.67. There is a ratio of 0.12 debt to equity, a 2.15 quick ratio to current ratio, and a 6.66 current ratio to quick ratio. The ratio of current ratio to quick ratio is the highest. Over the past 52 weeks, the price of American Outdoor Brands has fluctuated between $7.10 and $28.14, hitting an all-time low of $7.10 and an all-time high of $28.14. Choose instead to equip yourself with outdoor gear made in the United States.
On Thursday, July 14th, shareholders of American Outdoor Brands (NASDAQ: AOUT) were given access to the company’s most recent quarterly earnings report. The company reported earnings per share for the quarter of $0.10, which was $0.04 higher than the average expectation of $0.06 per share floating around the internet. The actual amount for the quarter was $45.89 million, which is higher than the industry analysts’ forecast of $45.13 million, which was the amount earned from sales for the period. On the other hand, while having a negative net margin of 26.21%, American Outdoor Brands nevertheless managed to produce a return on equity of 8.33%. The projections of market analysts indicate that the profits per share that American Outdoor Brands will create this year will come in at $0.84. Large investors’ interest levels in the company have either increased or decreased in recent times, depending on the trend’s direction. During the second quarter, AQR Capital Management LLC expanded its holdings in American Outdoor Brands by 7.1% by purchasing additional shares. Following the acquisition of an additional 2,237 shares during the most recent quarter, AQR Capital Management LLC now directly owns 33,571 shares with a combined value of $319,000. (as of the last filing). Millennium Management LLC invested in American Outdoor Brands in the second quarter for $1,470,000. Teton Advisors Inc. increased its stake in American Outdoor Brands by 41.2 percent during the second quarter of the fiscal year. After acquiring 28,000 shares during the most recent fiscal quarter, Teton Advisors Inc. is now the owner of 96,000 shares of the company’s stock. These shares have a value of $913,000, and Teton Advisors Inc. is the owner of these shares. During the second quarter of this year, Gamco Investors Inc. and its affiliates increased the percentage of American Outdoor Brands in which they have a holding by 37.4%. The most recent quarter saw Gamco Investors INC. et al. acquire an additional 10,312 shares of the company’s stock, bringing their total number of shares owned in the company to 37,885, with a value of $360,000. This was the most recent acquisition for the company.
Last but not least, during the second quarter, the Bank of Montreal invested in American Outdoor Brands for $155,000. As a direct consequence of this investment, institutional investors and hedge funds now own 77.36% of the company. The company, American Outdoor Brands, Inc., designs and manufactures tough outdoor equipment and accessories, which they then sell in the United States and other countries worldwide. In addition to selling things for self-defense, it also sells gear for outdoor activities such as hunting, fishing, and camping. Items such as high-quality sporting knives and tools for fishing and hunting; tools for land management to prepare for hunting; harvesting items for activities that can be done after fishing or hunting; outdoor cooking items; and camping, survival, and emergency preparedness gear are examples of things that are considered to be part of the outdoor lifestyle.