In a report released today, Eric Wold from B.Riley Financial reiterated a Buy rating on American Outdoor Brands (AOUT – Research Report), with a price target of $46.00. The company’s shares closed last Tuesday at $27.14.
According to TipRanks.com, Wold is a 5-star analyst with an average return of 26.0% and a 59.0% success rate. Wold covers the Services sector, focusing on stocks such as Chicken Soup For The Soul Entertainment, National Cinemedia, and AMC Entertainment.
Currently, the analyst consensus on American Outdoor Brands is a Strong Buy with an average price target of $39.33, which is a 39.4% upside from current levels. In a report issued on July 16, Lake Street also maintained a Buy rating on the stock with a $40.00 price target.
Based on American Outdoor Brands’ latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $64.47 million and net profit of $1.25 million. In comparison, last year the company earned revenue of $43.08 million and had a GAAP net loss of $90.68 million.
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American Outdoor Brands Inc is engaged in the business of providing outdoor products and accessories for hunting, fishing, camping, shooting, and personal security and defense products. The company designs and produces products and accessories, including shooting supplies, rests, vaults, and other related accessories; premium sportsman 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, including hunting optics, firearm aiming devices, flashlights, and laser grips; reloading, gunsmithing, and firearm cleaning supplies; and survival, camping, and emergency preparedness products.