American Outdoor Brands (NASDAQ:AOUT) Stock Rating Lowered by B. Riley

B. Riley downgraded shares of American Outdoor Brands (NASDAQ:AOUTGet Rating) from a buy rating to a neutral rating in a research report released on Tuesday, Marketbeat Ratings reports. The firm currently has $12.00 target price on the stock, down from their prior target price of $25.00.

A number of other research analysts also recently issued reports on AOUT. CL King reduced their price target on shares of American Outdoor Brands from $32.00 to $23.00 in a research report on Friday, March 11th. Lake Street Capital reduced their price target on shares of American Outdoor Brands from $32.00 to $26.00 and set a buy rating on the stock in a research report on Friday, March 11th.

American Outdoor Brands stock opened at $10.48 on Tuesday. The firm’s 50-day moving average is $11.67 and its 200-day moving average is $14.83. American Outdoor Brands has a 1 year low of $9.16 and a 1 year high of $36.62. The company has a market cap of $139.93 million, a P/E ratio of 11.39 and a beta of 0.35.

In other news, CFO Hugh Andrew Fulmer acquired 3,700 shares of the company’s stock in a transaction that occurred on Thursday, March 31st. The shares were acquired at an average price of $13.55 per share, with a total value of $50,135.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.35% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in AOUT. Dimensional Fund Advisors LP increased its holdings in shares of American Outdoor Brands by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,069,456 shares of the company’s stock worth $26,266,000 after acquiring an additional 9,910 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of American Outdoor Brands by 16.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 21,092 shares of the company’s stock worth $518,000 after acquiring an additional 2,905 shares during the period. Wellington Management Group LLP increased its stake in American Outdoor Brands by 109.7% during the 3rd quarter. Wellington Management Group LLP now owns 930,729 shares of the company’s stock valued at $22,859,000 after buying an additional 486,908 shares during the period. Two Sigma Investments LP increased its stake in American Outdoor Brands by 1.8% during the 3rd quarter. Two Sigma Investments LP now owns 105,073 shares of the company’s stock valued at $2,581,000 after buying an additional 1,847 shares during the period. Finally, Two Sigma Advisers LP increased its stake in American Outdoor Brands by 15.8% during the 3rd quarter. Two Sigma Advisers LP now owns 103,600 shares of the company’s stock valued at $2,544,000 after buying an additional 14,100 shares during the period. 77.36% of the stock is currently owned by institutional investors and hedge funds.

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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