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

American Outdoor Brands, Inc. (NASDAQ:AOUT) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 190,251 shares, a decline of 65.8% from the June 15th total of 555,524 shares. Based on an average daily volume of 269,922 shares, the short-interest ratio is presently 0.7 days. Currently, 1.6% of the shares of the company are sold short.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Outdoor Brands in a report on Wednesday, June 24th. Zacks Research upgraded American Outdoor Brands from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Wall Street Zen raised American Outdoor Brands from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Roth Capital reiterated a “buy” rating and set a $13.50 price target on shares of American Outdoor Brands in a research report on Friday, June 26th. Finally, Lake Street Capital raised their price objective on American Outdoor Brands from $14.00 to $15.00 and gave the company a “buy” rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.25.

Institutional Trading of American Outdoor Brands

A number of hedge funds have recently made changes to their positions in AOUT. Bank of America Corp DE increased its position in American Outdoor Brands by 15.0% during the 1st quarter. Bank of America Corp DE now owns 10,989 shares of the company’s stock valued at $103,000 after buying an additional 1,436 shares in the last quarter. Royal Bank of Canada grew its stake in shares of American Outdoor Brands by 73.7% in the first quarter. Royal Bank of Canada now owns 45,862 shares of the company’s stock worth $428,000 after acquiring an additional 19,454 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of American Outdoor Brands by 6.7% during the first quarter. Empowered Funds LLC now owns 36,706 shares of the company’s stock valued at $343,000 after acquiring an additional 2,306 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of American Outdoor Brands by 1.6% in the 1st quarter. Gamco Investors INC. ET AL now owns 314,813 shares of the company’s stock worth $2,940,000 after purchasing an additional 5,000 shares during the last quarter. Finally, State of Wyoming bought a new position in American Outdoor Brands in the 1st quarter worth about $149,000. 49.87% of the stock is owned by institutional investors.

American Outdoor Brands Price Performance

NASDAQ AOUT opened at $14.46 on Wednesday. The stock has a market capitalization of $180.93 million, a PE ratio of -18.84 and a beta of 0.27. American Outdoor Brands has a 1 year low of $6.26 and a 1 year high of $14.97. The business’s 50-day moving average is $10.70 and its 200 day moving average is $9.55.

American Outdoor Brands (NASDAQ:AOUT) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.14. The business had revenue of $47.06 million during the quarter, compared to analysts’ expectations of $48.44 million. American Outdoor Brands had a positive return on equity of 0.67% and a negative net margin of 4.83%. As a group, equities research analysts anticipate that American Outdoor Brands will post 0.47 earnings per share for the current year.

About American Outdoor Brands

American Outdoor Brands, Inc designs, manufactures and distributes a broad range of outdoor sports and recreational products for consumers and commercial end users. Through its Shooting & Accessories and Functional Outdoor Approaches segments, the company offers shooting sports equipment, hunting and fishing accessories, archery gear, tactical and personal defense solutions, outdoor apparel, fitness products and knife and tool categories. Its portfolio encompasses well-known brands such as Wheeler®, Tipton®, Caldwell®, Hogue®, Manticore Arms® and other specialty labels.

Formed as a standalone public company in 2016 following a spin-off from Smith & Wesson, American Outdoor Brands has its headquarters in Columbia, Missouri, with manufacturing, distribution and sales operations across North America.