Read How Analysts Reacted To American Outdoor Brands' Q3 Results

Analysts reduced their price target on American Outdoor Brands Inc AOUT post Q3 FY22 results.
CL King analyst Scott Stember lowered the price target to $23 from $32 and kept a Buy rating on the shares.
Lake Street analyst Mark Smith reduced the firm's price target to $26 from $32 and maintained a Buy rating on the shares, implying 81.3% upside.
The analyst reduced his outlook for FY22, noting weakness in the shooting sports segment persisted in the quarter.
B.Riley Financial maintained a Buy rating on American Outdoor Brands, with a reduced price target of $25.
American Outdoor reported Q3 FY22 sales of $70.1 million, missing the consensus of $72.57 million. Non-GAAP EPS of $0.52 topped the Street view of $0.46.
The company also reduced its FY22 outlook citing declining POS trends for products in its Shooting Sports and Personal Protection category that attach to firearms.
American Outdoor Brands agreed to acquire privately owned Grilla Grills, a provider of barbecue grills, Wi-Fi-enabled wood pellet grills, smokers, accessories, and modular outdoor kitchens, for $27 million in cash.
Price Action: AOUT shares are trading lower by 6.76% at $14.34 on the last check Friday.