Dimensional Fund Advisors LP Trims Stock Holdings in American Outdoor Brands, Inc. (NASDAQ:AOUT)

Dimensional Fund Advisors LP lessened its holdings in American Outdoor Brands, Inc. (NASDAQ:AOUT) by 2.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 846,605 shares of the company’s stock after selling 21,485 shares during the quarter. Dimensional Fund Advisors LP owned about 0.07% of American Outdoor Brands worth $7,619,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AOUT. Empowered Funds LLC boosted its holdings in shares of American Outdoor Brands by 7.6% in the first quarter. Empowered Funds LLC now owns 19,936 shares of the company’s stock valued at $175,000 after acquiring an additional 1,400 shares during the period. Diversified Investment Strategies LLC lifted its position in shares of American Outdoor Brands by 103.4% in the first quarter. Diversified Investment Strategies LLC now owns 60,000 shares of the company’s stock valued at $528,000 after acquiring an additional 30,500 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in shares of American Outdoor Brands during the first quarter worth $2,314,000. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of American Outdoor Brands by 9.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 290,063 shares of the company’s stock valued at $2,553,000 after purchasing an additional 24,400 shares during the last quarter. 49.87% of the stock is currently owned by hedge funds and other institutional investors.

American Outdoor Brands Stock Performance

American Outdoor Brands stock opened at $9.10 on Tuesday. The firm has a market capitalization of $117.34 million, a P/E ratio of -9.37 and a beta of 0.37. American Outdoor Brands, Inc. has a one year low of $7.19 and a one year high of $9.90. The company has a 50-day simple moving average of $8.93 and a 200-day simple moving average of $8.61.

American Outdoor Brands (NASDAQ:AOUT) last posted its quarterly earnings results on Thursday, September 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.08. The company had revenue of $41.64 million for the quarter, compared to analysts’ expectations of $40.50 million. American Outdoor Brands had a positive return on equity of 0.81% and a negative net margin of 5.27%. As a group, sell-side analysts forecast that American Outdoor Brands, Inc. will post 0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm boosted their target price on shares of American Outdoor Brands from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Monday, September 16th.

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.