Lake Street Capital Boosts American Outdoor Brands (NASDAQ:AOUT) Price Target to $20.00

American Outdoor Brands (NASDAQ:AOUT) had its target price upped by equities research analysts at Lake Street Capital from $14.00 to $20.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Lake Street Capital’s price target indicates a potential upside of 16.62% from the company’s current price.

American Outdoor Brands Stock Performance

AOUT opened at $17.15 on Monday. The company has a fifty day moving average of $13.95 and a two-hundred day moving average of $10.77. The stock has a market capitalization of $218.83 million, a price-to-earnings ratio of -29.07 and a beta of 0.26. American Outdoor Brands has a fifty-two week low of $7.45 and a fifty-two week high of $17.45.

American Outdoor Brands (NASDAQ:AOUT) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.18. American Outdoor Brands had a positive return on equity of 1.86% and a negative net margin of 3.70%. On average, equities research analysts forecast that American Outdoor Brands will post 0.36 earnings per share for the current year.

Hedge Funds Weigh In On American Outdoor Brands

A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in shares of American Outdoor Brands by 33.0% during the third quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock worth $29,000 after buying an additional 777 shares in the last quarter. Barclays PLC purchased a new stake in American Outdoor Brands during the third quarter worth about $37,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of American Outdoor Brands in the third quarter valued at $114,000. Sanctuary Advisors LLC acquired a new stake in American Outdoor Brands in the second quarter valued at approximately $259,000. Finally, Empowered Funds LLC raised its stake in American Outdoor Brands by 4.4% in the fourth quarter. Empowered Funds LLC now owns 23,427 shares of the company’s stock valued at $357,000 after buying an additional 979 shares in the last quarter. 49.87% of the stock is currently owned by institutional investors and hedge funds.

About American Outdoor Brands

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.