American outdoor brands (NASDAQ: AUG – Get a rating) released an update to its FY22 earnings forecast Thursday morning. The company provided EPS guidance of $1.65 to $1.78 for the period, compared to the consensus Thomson Reuters EPS of $2.08. The company released a revenue forecast of $245-250 million, compared to the consensus revenue estimate of $281.29 million.

NASDAQ: AUGUST fell $1.07 in Friday’s midday session, hitting $14.31. The stock had trading volume of 513,959 shares, compared to an average volume of 137,855. American Outdoor Brands has a 12-month low of $13.55 and a 12-month high of $36.62. The stock has a market capitalization of $202.99 million, a price-earnings ratio of 11.83 and a beta of 0.43. The company’s 50-day simple moving average is $16.75 and its 200-day simple moving average is $21.10.

American outdoor brands (NASDAQ: AUG – Get a rating) last released its quarterly earnings data on Thursday, March 10. The company reported earnings per share (EPS) of $0.52 for the quarter, beating Thomson Reuters consensus estimate of $0.43 by $0.09. The company posted revenue of $70.10 million in the quarter, versus a consensus estimate of $72.54 million. American Outdoor Brands had a net margin of 6.21% and a return on equity of 10.40%. The company’s revenue for the quarter was down 15.1% from the same quarter last year. During the same period last year, the company posted earnings per share of $0.77. Stock analysts expect American Outdoor Brands to post earnings per share of 1.94 for the current year.

AOUT has been the subject of several research reports. B. Riley cut his price target on American Outdoor Brands stock from $37.00 to $25.00 in a research report on Friday. TheStreet cut shares of American Outdoor Brands from a c- rating to an ad rating in a Monday, Jan. 24, report. CL King lowered its target price on shares of American Outdoor Brands from $32.00 to $23.00 in a report on Friday. Lake Street Capital lowered its target price on shares of American Outdoor Brands from $32.00 to $26.00 and set a buy rating on the stock in a report on Friday. Ultimately, Zacks Investment Research moved shares of American Outdoor Brands from a sell rating to a hold rating in a report on Monday, February 14. One research analyst gave the stock a hold rating and three gave the company’s stock a buy rating. According to MarketBeat.com, the company currently has an average buy rating and average target price of $28.80.

In other news, CEO Brian Daniel Murphy acquired 2,718 shares of the company in a transaction that took place on Monday, December 13. The shares were acquired at an average cost of $18.32 per share, with a total value of $49,793.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. Also, CFO Hugh Andrew Fulmer acquired 2,500 shares of the company in a transaction that took place on Monday, December 13. The shares were purchased at an average cost of $18.95 per share, for a total transaction of $47,375.00. Disclosure of this purchase can be found here. Insiders have purchased 6,218 shares of the company worth $115,569 over the past three months. 1.35% of the shares are currently held by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of American Outdoor Brands by 50.0% during the third quarter. Royal Bank of Canada now owns 2,378 shares of the company worth $58,000 after buying 793 more shares in the last quarter. Invesco Ltd. increased its holdings of American Outdoor Brands shares by 5.8% during the third quarter. Invesco Ltd. now owns 20,656 shares of the company worth $507,000 after purchasing an additional 1,127 shares during the period. LPL Financial LLC increased its holdings of American Outdoor Brands shares by 15.1% during the fourth quarter. LPL Financial LLC now owns 10,434 shares of the company worth $208,000 after purchasing an additional 1,365 shares during the period. Citigroup Inc. increased its holdings of American Outdoor Brands shares by 109.2% during the fourth quarter. Citigroup Inc. now owns 3,497 shares of the company worth $70,000 after purchasing an additional 1,825 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in American Outdoor Brands shares by 8.3% during the fourth quarter. JPMorgan Chase & Co. now owns 46,889 shares of the company worth $934,000 after purchasing 3,576 additional shares during the period. 76.47% of the shares are currently held by hedge funds and other institutional investors.

American Outdoor Brands Company Profile (Get a rating)

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and around the world. The company offers hunting, fishing, camping, shooting, personal safety and defense products. Its products include shooting supplies, rests, vaults and other related accessories; premium sporting knives and tools for fishing and hunting; land management tools for hunting preparation; harvest products for post-hunting or post-fishing activities; electro-optical devices comprised of hunting optics, gun sights, flashlights and laser grips; gun reloading, gunsmithing and cleaning supplies; and survival, camping and emergency preparedness products.

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