American Outdoor Brands, Inc. (NASDAQ:AOUT) Sees Large Growth in Short Interest

American Outdoor Brands, Inc. (NASDAQ:AOUTGet Rating) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 962,800 shares, a growth of 37.8% from the April 15th total of 698,800 shares. Based on an average trading volume of 128,800 shares, the short-interest ratio is currently 7.5 days. Approximately 7.6% of the shares of the stock are sold short.

In other American Outdoor Brands news, CFO Hugh Andrew Fulmer purchased 3,700 shares of American Outdoor Brands stock in a transaction on Thursday, March 31st. The shares were bought at an average price of $13.55 per share, with a total value of $50,135.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mary E. Gallagher acquired 3,671 shares of American Outdoor Brands stock in a transaction that occurred on Tuesday, March 15th. The shares were purchased at an average cost of $13.61 per share, for a total transaction of $49,962.31. The disclosure for this purchase can be found here. Corporate insiders own 1.35% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Deutsche Bank AG increased its stake in American Outdoor Brands by 0.4% during the 3rd quarter. Deutsche Bank AG now owns 177,051 shares of the company’s stock valued at $4,349,000 after buying an additional 630 shares during the period. Royal Bank of Canada increased its stake in American Outdoor Brands by 50.0% during the 3rd quarter. Royal Bank of Canada now owns 2,378 shares of the company’s stock valued at $58,000 after buying an additional 793 shares during the period. Invesco Ltd. increased its stake in American Outdoor Brands by 5.8% during the 3rd quarter. Invesco Ltd. now owns 20,656 shares of the company’s stock valued at $507,000 after buying an additional 1,127 shares during the period. LPL Financial LLC increased its stake in American Outdoor Brands by 15.1% during the 4th quarter. LPL Financial LLC now owns 10,434 shares of the company’s stock valued at $208,000 after buying an additional 1,365 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in American Outdoor Brands by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 38,457 shares of the company’s stock valued at $505,000 after buying an additional 1,788 shares during the period. Institutional investors own 77.36% of the company’s stock.

American Outdoor Brands stock opened at $11.46 on Monday. The firm’s 50-day moving average is $13.45 and its 200-day moving average is $17.28. American Outdoor Brands has a 1 year low of $10.78 and a 1 year high of $36.62. The company has a market cap of $153.01 million, a P/E ratio of 12.46 and a beta of 0.34.

American Outdoor Brands (NASDAQ:AOUTGet Rating) last posted its quarterly earnings results on Thursday, March 10th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. American Outdoor Brands had a net margin of 4.91% and a return on equity of 8.77%. The company had revenue of $70.10 million for the quarter, compared to the consensus estimate of $72.54 million. During the same period last year, the firm posted $0.77 EPS. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. As a group, equities analysts expect that American Outdoor Brands will post 1.51 EPS for the current year.

A number of equities analysts have weighed in on AOUT shares. B. Riley cut their price target on shares of American Outdoor Brands from $37.00 to $25.00 in a research note on Friday, March 11th. TheStreet lowered shares of American Outdoor Brands from a “c-” rating to a “d” rating in a report on Monday, January 24th. Lake Street Capital lowered their price target on shares of American Outdoor Brands from $32.00 to $26.00 and set a “buy” rating for the company in a report on Friday, March 11th. Zacks Investment Research lowered shares of American Outdoor Brands from a “hold” rating to a “sell” rating in a report on Wednesday, March 16th. Finally, CL King reduced their price objective on shares of American Outdoor Brands from $32.00 to $23.00 in a research note on Friday, March 11th.

About American Outdoor Brands (Get Rating)

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. The company offers hunting, fishing, camping, shooting, and personal security and defense products. Its products include shooting supplies, rests, vaults, and other related accessories; 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; electro-optical devices comprising hunting optics, firearm aiming devices, flashlights, and laser grips; reloading, gunsmithing, and firearm cleaning supplies; and survival, camping, and emergency preparedness products.

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