Goldman Sachs Group Inc. Acquires 22,232 Shares of American Outdoor Brands, Inc. $AOUT

Goldman Sachs Group Inc. grew its holdings in shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) by 58.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,110 shares of the company’s stock after buying an additional 22,232 shares during the quarter. Goldman Sachs Group Inc.’s holdings in American Outdoor Brands were worth $731,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Acadian Asset Management LLC raised its holdings in shares of American Outdoor Brands by 82.4% in the 1st quarter. Acadian Asset Management LLC now owns 157,704 shares of the company’s stock worth $1,913,000 after acquiring an additional 71,229 shares during the last quarter. Jane Street Group LLC raised its stake in shares of American Outdoor Brands by 76.5% in the first quarter. Jane Street Group LLC now owns 53,240 shares of the company’s stock worth $647,000 after purchasing an additional 23,070 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of American Outdoor Brands by 8.4% in the first quarter. Empowered Funds LLC now owns 25,399 shares of the company’s stock valued at $309,000 after purchasing an additional 1,972 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of American Outdoor Brands in the first quarter valued at approximately $163,000. Finally, Gabelli Funds LLC boosted its position in shares of American Outdoor Brands by 9.4% during the first quarter. Gabelli Funds LLC now owns 69,756 shares of the company’s stock valued at $848,000 after buying an additional 6,020 shares during the last quarter. 49.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AOUT has been the subject of a number of 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 reiterated a “buy” rating and issued a $19.00 target price (down previously from $20.00) on shares of American Outdoor Brands in a report on Friday, June 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, American Outdoor Brands currently has an average rating of “Buy” and a consensus target price of $19.00.

American Outdoor Brands Stock Down 2.4%

NASDAQ AOUT opened at $8.52 on Wednesday. The company has a market cap of $107.86 million, a PE ratio of -23.03 and a beta of 0.39. American Outdoor Brands, Inc. has a 52 week low of $8.10 and a 52 week high of $17.91. The firm’s 50-day simple moving average is $9.47 and its two-hundred day simple moving average is $10.80.

American Outdoor Brands (NASDAQ:AOUT) last posted its earnings results on Thursday, June 26th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.15. The firm had revenue of $61.94 million during the quarter, compared to the consensus estimate of $48.46 million. American Outdoor Brands had a negative net margin of 2.16% and a positive return on equity of 2.00%. As a group, equities research analysts anticipate that American Outdoor Brands, Inc. will post 0.36 EPS for the current year.

American Outdoor Brands Company Profile

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.