Cowen Lowers American Outdoor Brands (NASDAQ:AOUT) Price Target to $11.00

American Outdoor Brands (NASDAQ:AOUTGet Rating) had its price objective decreased by Cowen from $23.00 to $11.00 in a research note issued to investors on Tuesday, Stock Target Advisor reports. Cowen’s price target suggests a potential upside of 50.48% from the company’s previous close.

Several other equities research analysts also recently commented on the company. Cowen reduced their price objective on American Outdoor Brands from $23.00 to $11.00 in a report on Tuesday. B. Riley downgraded American Outdoor Brands from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $25.00 to $12.00 in a report on Tuesday, June 21st. Finally, Roth Capital initiated coverage on American Outdoor Brands in a report on Thursday, July 21st. They issued a “buy” rating and a $11.00 price objective for the company.

American Outdoor Brands Price Performance

AOUT opened at $7.31 on Tuesday. The stock has a 50-day moving average price of $9.66 and a 200-day moving average price of $12.77. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.66 and a quick ratio of 2.15. The firm has a market cap of $98.34 million, a PE ratio of -1.50 and a beta of 0.30. American Outdoor Brands has a 1 year low of $7.19 and a 1 year high of $29.89.

Institutional Investors Weigh In On American Outdoor Brands

A number of large investors have recently made changes to their positions in AOUT. Polar Asset Management Partners Inc. bought a new stake in shares of American Outdoor Brands during the 1st quarter valued at about $6,135,000. Engine Capital Management LP bought a new stake in shares of American Outdoor Brands during the 1st quarter valued at about $4,539,000. Confluence Investment Management LLC grew its stake in shares of American Outdoor Brands by 45.7% during the 2nd quarter. Confluence Investment Management LLC now owns 387,759 shares of the company’s stock valued at $3,687,000 after purchasing an additional 121,606 shares during the period. Vanguard Group Inc. grew its stake in shares of American Outdoor Brands by 13.5% during the 1st quarter. Vanguard Group Inc. now owns 786,678 shares of the company’s stock valued at $10,329,000 after purchasing an additional 93,460 shares during the period. Finally, Wasatch Advisors Inc. lifted its position in shares of American Outdoor Brands by 14.4% during the 4th quarter. Wasatch Advisors Inc. now owns 622,071 shares of the company’s stock valued at $12,398,000 after buying an additional 78,526 shares in the last quarter. 77.36% of the stock is currently owned by institutional investors.

About American Outdoor Brands

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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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