American Outdoor Brands (NASDAQ:AOUT) Price Target Raised to $20.00

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) had its price objective upped by analysts at Lake Street Capital from $14.00 to $20.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Lake Street Capital's target price suggests a potential upside of 23.84% from the company's current price.

American Outdoor Brands Stock Down 3.5 %

NASDAQ AOUT traded down $0.59 on Monday, hitting $16.15. The stock had a trading volume of 48,560 shares, compared to its average volume of 81,776. American Outdoor Brands has a one year low of $7.45 and a one year high of $17.08. The stock has a market cap of $206.07 million, a price-to-earnings ratio of -27.37 and a beta of 0.26. The company's 50-day moving average is $13.81 and its two-hundred day moving average is $10.71.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported $0.34 earnings per share (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%. On average, sell-side analysts anticipate that American Outdoor Brands will post 0.36 earnings per share for the current year.

Hedge Funds Weigh In On American Outdoor Brands

Several institutional investors and hedge funds have recently bought and sold shares of AOUT. JPMorgan Chase & Co. grew its stake in American Outdoor Brands by 33.0% in the third quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company's stock valued at $29,000 after purchasing an additional 777 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of American Outdoor Brands by 0.6% in the 2nd quarter. Renaissance Technologies LLC now owns 271,068 shares of the company's stock valued at $2,440,000 after buying an additional 1,600 shares in the last quarter. State Street Corp increased its holdings in American Outdoor Brands by 3.9% in the third quarter. State Street Corp now owns 45,786 shares of the company's stock worth $422,000 after buying an additional 1,700 shares during the last quarter. Barclays PLC bought a new position in American Outdoor Brands during the third quarter valued at approximately $37,000. Finally, Geode Capital Management LLC lifted its stake in American Outdoor Brands by 4.6% in the third quarter. Geode Capital Management LLC now owns 138,336 shares of the company's stock valued at $1,276,000 after acquiring an additional 6,092 shares during the last quarter. Hedge funds and other institutional investors own 49.87% of the company's stock.

American Outdoor Brands Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.