Brian Daniel Murphy Purchases 2,500 Shares of American Outdoor Brands (NASDAQ:AOUT) Stock

American Outdoor Brands, Inc. (NASDAQ:AOUT) CEO Brian Daniel Murphy purchased 2,500 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were acquired at an average cost of $8.83 per share, with a total value of $22,075.00. Following the acquisition, the chief executive officer directly owned 345,220 shares in the company, valued at $3,048,292.60. This represents a 0.73% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

American Outdoor Brands Stock Performance

American Outdoor Brands stock opened at $8.73 on Thursday. American Outdoor Brands, Inc. has a 52 week low of $8.10 and a 52 week high of $17.91. The stock has a market capitalization of $110.50 million, a P/E ratio of -23.59 and a beta of 0.39. The stock has a fifty day moving average of $9.46 and a 200-day moving average of $10.79.

American Outdoor Brands (NASDAQ:AOUT) last issued its quarterly earnings results on Thursday, June 26th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.15. The company had revenue of $61.94 million during the quarter, compared to analysts’ expectations of $48.46 million. American Outdoor Brands had a positive return on equity of 2.00% and a negative net margin of 2.16%. On average, research analysts forecast that American Outdoor Brands, Inc. 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 made changes to their positions in AOUT. Jane Street Group LLC bought a new position in shares of American Outdoor Brands in the fourth quarter worth $460,000. Bank of America Corp DE boosted its holdings in shares of American Outdoor Brands by 1,469.5% in the fourth quarter. Bank of America Corp DE now owns 10,390 shares of the company’s stock worth $158,000 after acquiring an additional 9,728 shares during the period. Millennium Management LLC bought a new position in shares of American Outdoor Brands in the fourth quarter worth $673,000. American Century Companies Inc. boosted its holdings in shares of American Outdoor Brands by 307.6% in the first quarter. American Century Companies Inc. now owns 105,838 shares of the company’s stock worth $1,287,000 after acquiring an additional 79,869 shares during the period. Finally, Gabelli Funds LLC boosted its holdings in shares of American Outdoor Brands by 9.4% in the first quarter. Gabelli Funds LLC now owns 69,756 shares of the company’s stock worth $848,000 after acquiring an additional 6,020 shares during the period. 49.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AOUT has been the topic of several research analyst reports. Wall Street Zen lowered American Outdoor Brands from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Lake Street Capital reissued a “buy” rating and issued a $19.00 target price (down from $20.00) on shares of American Outdoor Brands in a research report on Friday, June 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $19.00.

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.