American Outdoor Brands (NASDAQ:AOUT) Given New $14.00 Price Target at Lake Street Capital

American Outdoor Brands (NASDAQ:AOUT - Free Report) had its price target hoisted by Lake Street Capital from $11.50 to $14.00 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the stock.

Separately, Roth Mkm upped their price objective on shares of American Outdoor Brands from $10.50 to $11.00 and gave the company a "buy" rating in a research note on Monday, September 16th.

American Outdoor Brands Stock Up 21.4 %

Shares of NASDAQ AOUT traded up $2.33 during midday trading on Friday, hitting $13.23. The stock had a trading volume of 393,084 shares, compared to its average volume of 58,836. The stock has a 50 day simple moving average of $9.40 and a 200-day simple moving average of $8.94. The company has a market capitalization of $169.74 million, a PE ratio of -22.42 and a beta of 0.44. American Outdoor Brands has a 1 year low of $7.19 and a 1 year high of $13.24.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last announced its quarterly earnings data on Thursday, September 5th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.08. American Outdoor Brands had a positive return on equity of 0.81% and a negative net margin of 5.27%. The company had revenue of $41.64 million for the quarter, compared to analyst estimates of $40.50 million. As a group, analysts expect that American Outdoor Brands will post 0.28 earnings per share for the current fiscal year.

Institutional Trading of American Outdoor Brands

A number of hedge funds and other institutional investors have recently modified their holdings of AOUT. Barclays PLC purchased a new stake in shares of American Outdoor Brands during the 3rd quarter valued at approximately $37,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in American Outdoor Brands in the third quarter valued at $114,000. Sanctuary Advisors LLC purchased a new stake in American Outdoor Brands in the second quarter valued at $259,000. State Street Corp lifted its stake in shares of American Outdoor Brands by 3.9% in the 3rd quarter. State Street Corp now owns 45,786 shares of the company's stock valued at $422,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of American Outdoor Brands by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 138,336 shares of the company's stock worth $1,276,000 after purchasing an additional 6,092 shares during the period. 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.