Roth Mkm Issues Positive Forecast for Outdoor (NASDAQ:POWW) Stock Price

Outdoor (NASDAQ:POWW) had its price target raised by Roth Mkm from $2.25 to $2.30 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also weighed in on POWW. Weiss Ratings restated a “sell (d)” rating on shares of Outdoor in a research note on Monday, December 29th. Lake Street Capital upped their target price on Outdoor from $2.00 to $2.50 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $2.40.

Outdoor Price Performance

NASDAQ:POWW opened at $1.92 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 3.44. The company has a 50 day moving average price of $1.81 and a 200-day moving average price of $1.61. Outdoor has a 1-year low of $1.08 and a 1-year high of $2.14. The firm has a market cap of $224.85 million, a price-to-earnings ratio of -9.60 and a beta of 1.26.

Outdoor (NASDAQ:POWW) last announced its quarterly earnings results on Monday, February 9th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The firm had revenue of $13.39 million for the quarter, compared to analysts’ expectations of $12.52 million. Equities research analysts forecast that Outdoor will post 0.09 EPS for the current year.

Outdoor declared that its Board of Directors has authorized a share repurchase plan on Monday, January 5th that permits the company to repurchase $15.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Outdoor

Large investors have recently modified their holdings of the business. Squarepoint Ops LLC purchased a new position in shares of Outdoor in the third quarter worth about $27,000. BNP Paribas Financial Markets raised its holdings in Outdoor by 101.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 18,437 shares of the company’s stock valued at $27,000 after acquiring an additional 9,283 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Outdoor in the 1st quarter valued at about $29,000. R Squared Ltd purchased a new position in Outdoor in the 4th quarter worth approximately $32,000. Finally, SG Americas Securities LLC acquired a new position in shares of Outdoor during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 26.40% of the company’s stock.

Outdoor Company Profile

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms. It also owns and operates GunBroker.com, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.