Outdoor (NASDAQ:POWW) Price Target Raised to $2.30

Outdoor (NASDAQ:POWW) had its price objective increased by Roth Mkm from $2.25 to $2.30 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. Lake Street Capital lifted their price objective on Outdoor from $2.00 to $2.50 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (d)” rating on shares of Outdoor in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Outdoor currently has an average rating of “Hold” and a consensus price target of $2.40.

Outdoor Stock Performance

Outdoor stock opened at $1.89 on Tuesday. Outdoor has a 12-month low of $1.08 and a 12-month high of $2.14. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.00 and a quick ratio of 3.44. The company has a market capitalization of $221.68 million, a price-to-earnings ratio of -9.45 and a beta of 1.26. The firm’s fifty day moving average price is $1.81 and its 200 day moving average price is $1.61.

Outdoor (NASDAQ:POWW) last announced its earnings results on Monday, February 9th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. Outdoor had a negative return on equity of 8.65% and a negative net margin of 161.16%.The company had revenue of $13.39 million during the quarter, compared to the consensus estimate of $12.52 million. On average, research analysts forecast that Outdoor will post 0.09 EPS for the current fiscal year.

Outdoor announced that its Board of Directors has initiated a stock buyback plan on Monday, January 5th that permits the company to buyback $15.00 million in outstanding shares. This buyback authorization permits the company to buy up to 7.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new stake in shares of Outdoor during the 3rd quarter valued at approximately $27,000. BNP Paribas Financial Markets boosted its holdings in Outdoor by 101.4% in the third quarter. BNP Paribas Financial Markets now owns 18,437 shares of the company’s stock worth $27,000 after purchasing an additional 9,283 shares during the period. AQR Capital Management LLC bought a new stake in Outdoor during the first quarter valued at $29,000. R Squared Ltd bought a new stake in Outdoor during the fourth quarter valued at $32,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Outdoor during the fourth quarter worth $36,000. Institutional investors and hedge funds own 26.40% of the company’s stock.

Outdoor Company Profile

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms. It also owns and operates GunBroker.com, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.