Royce & Associates LP Has $7.46 Million Position in American Outdoor Brands, Inc. $AOUT

Royce & Associates LP grew its holdings in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) by 16.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 859,233 shares of the company’s stock after acquiring an additional 118,604 shares during the period. Royce & Associates LP owned about 6.79% of American Outdoor Brands worth $7,458,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brandes Investment Partners LP increased its stake in shares of American Outdoor Brands by 6.5% in the second quarter. Brandes Investment Partners LP now owns 1,219,798 shares of the company’s stock valued at $12,747,000 after buying an additional 74,107 shares during the period. Geode Capital Management LLC boosted its holdings in American Outdoor Brands by 104.7% in the second quarter. Geode Capital Management LLC now owns 293,683 shares of the company’s stock valued at $3,070,000 after acquiring an additional 150,202 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in American Outdoor Brands by 1.8% during the 2nd quarter. Bridgeway Capital Management LLC now owns 124,386 shares of the company’s stock worth $1,300,000 after purchasing an additional 2,180 shares during the last quarter. White Pine Capital LLC lifted its position in shares of American Outdoor Brands by 1.9% in the 2nd quarter. White Pine Capital LLC now owns 69,475 shares of the company’s stock worth $726,000 after purchasing an additional 1,322 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of American Outdoor Brands by 40.7% in the 2nd quarter. Marshall Wace LLP now owns 64,876 shares of the company’s stock valued at $678,000 after purchasing an additional 18,774 shares during the last quarter. Institutional investors own 49.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of American Outdoor Brands from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Lake Street Capital dropped their price objective on American Outdoor Brands from $19.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Roth Mkm decreased their target price on American Outdoor Brands from $11.50 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, December 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of American Outdoor Brands in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, American Outdoor Brands has a consensus rating of “Hold” and an average price target of $12.50.

American Outdoor Brands Stock Performance

Shares of NASDAQ:AOUT opened at $8.83 on Wednesday. The firm has a market cap of $111.17 million, a P/E ratio of -19.62 and a beta of 0.40. American Outdoor Brands, Inc. has a 52-week low of $6.26 and a 52-week high of $15.67. The business’s 50 day simple moving average is $8.82 and its two-hundred day simple moving average is $8.31.

American Outdoor Brands Profile

American Outdoor Brands, Inc designs, manufactures and distributes a broad range of outdoor sports and recreational products for consumers and commercial end users. Through its Shooting & Accessories and Functional Outdoor Approaches segments, the company offers shooting sports equipment, hunting and fishing accessories, archery gear, tactical and personal defense solutions, outdoor apparel, fitness products and knife and tool categories. Its portfolio encompasses well-known brands such as Wheeler®, Tipton®, Caldwell®, Hogue®, Manticore Arms® and other specialty labels.

Formed as a standalone public company in 2016 following a spin-off from Smith & Wesson, American Outdoor Brands has its headquarters in Columbia, Missouri, with manufacturing, distribution and sales operations across North America.