Short Interest in American Outdoor Brands, Inc. (NASDAQ:AOUT) Decreases By 65.8%

American Outdoor Brands, Inc. (NASDAQ:AOUT) saw a significant decline in short interest during 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. Currently, 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 269,922 shares, the short-interest ratio is presently 0.7 days.

American Outdoor Brands Stock Performance

NASDAQ AOUT opened at $14.21 on Tuesday. American Outdoor Brands has a 1 year low of $6.26 and a 1 year high of $14.97. The business’s fifty day moving average is $10.61 and its two-hundred day moving average is $9.51. The stock has a market capitalization of $177.77 million, a P/E ratio of -19.47 and a beta of 0.27.

American Outdoor Brands (NASDAQ:AOUT) last issued its earnings results on Thursday, June 25th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.14. The business had revenue of $47.06 million for 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%. On average, research analysts forecast that American Outdoor Brands will post 0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AOUT shares. Weiss Ratings reissued a “sell (d-)” rating on shares of American Outdoor Brands in a report on Wednesday, June 24th. Lake Street Capital lifted their target price on American Outdoor Brands from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Wall Street Zen upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Zacks Research raised American Outdoor Brands from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Finally, Roth Capital reissued a “buy” rating and set a $13.50 price target on shares of American Outdoor Brands in a report on Friday, June 26th. One investment 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 company. According to MarketBeat, American Outdoor Brands currently has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of American Outdoor Brands by 104.7% during the second quarter. Geode Capital Management LLC now owns 293,683 shares of the company’s stock valued at $3,070,000 after acquiring an additional 150,202 shares during the period. Corient Private Wealth LLC boosted its stake in American Outdoor Brands by 422.9% in the 4th quarter. Corient Private Wealth LLC now owns 169,000 shares of the company’s stock worth $1,306,000 after purchasing an additional 136,680 shares during the period. Argos Wealth Advisors LLC purchased a new position in American Outdoor Brands during the 4th quarter worth approximately $975,000. Brandes Investment Partners LP grew its position in American Outdoor Brands by 6.6% during the 4th quarter. Brandes Investment Partners LP now owns 1,887,645 shares of the company’s stock worth $14,591,000 after purchasing an additional 116,971 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in American Outdoor Brands by 76.5% during the 1st quarter. Jane Street Group LLC now owns 53,240 shares of the company’s stock valued at $647,000 after purchasing an additional 23,070 shares during the period. 49.87% of the stock is currently owned by institutional investors and hedge funds.

American Outdoor Brands Company Profile

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.