Brandes Investment Partners LP Acquires 74,107 Shares of American Outdoor Brands, Inc. $AOUT

Brandes Investment Partners LP boosted its holdings in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) by 6.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,219,798 shares of the company’s stock after purchasing an additional 74,107 shares during the period. Brandes Investment Partners LP owned 9.56% of American Outdoor Brands worth $12,747,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its stake in shares of American Outdoor Brands by 170.7% in the second quarter. First Horizon Advisors Inc. now owns 2,547 shares of the company’s stock valued at $27,000 after buying an additional 1,606 shares in the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in American Outdoor Brands during the 2nd quarter worth about $27,000. JPMorgan Chase & Co. increased its position in American Outdoor Brands by 4,535.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,934 shares of the company’s stock valued at $62,000 after acquiring an additional 5,806 shares in the last quarter. New York State Common Retirement Fund bought a new position in shares of American Outdoor Brands in the second quarter worth about $88,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of American Outdoor Brands during the second quarter worth approximately $121,000. Institutional investors own 49.87% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on AOUT. Zacks Research cut shares of American Outdoor Brands from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Wall Street Zen cut American Outdoor Brands from a “hold” rating to a “sell” rating in a research note on Sunday, November 2nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of American Outdoor Brands in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $19.00.

American Outdoor Brands Stock Performance

Shares of NASDAQ AOUT opened at $6.85 on Wednesday. American Outdoor Brands, Inc. has a 52-week low of $6.26 and a 52-week high of $17.91. The stock has a market cap of $86.72 million, a P/E ratio of -18.51 and a beta of 0.44. The firm has a 50 day moving average price of $7.35 and a 200 day moving average price of $9.22.

American Outdoor Brands (NASDAQ:AOUT) last announced its quarterly earnings results on Tuesday, April 18th. The company reported $0.52 earnings per share for the quarter. American Outdoor Brands had a negative net margin of 2.16% and a positive return on equity of 2.00%. The company had revenue of $70.11 million for the quarter. Analysts predict that American Outdoor Brands, Inc. will post 0.36 earnings per share for the current fiscal year.

American Outdoor Brands announced that its Board of Directors has initiated a stock repurchase program on Thursday, October 2nd that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the company to purchase up to 9.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

American Outdoor Brands 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.