American Outdoor Brands Stock (NASDAQ: AOUT)

American Outdoor Brands Stock (NASDAQ:AOUT), Trade Ideas

American Outdoor Brands

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, rest, 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.

Small Cap

AOUT

American Outdoor Brands, Inc. (NASDAQ: AOUT) delivered its fourth quarter and full-year earnings for its 2023 fiscal year on June 28, 2023. The company posted a surprise profit of six cents per share on revenue of $42.2 million.

What Does An Earnings Surprise Mean For American Outdoor Brands?

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American Outdoor Brands, Inc. - Common Stock

American Outdoor Brands Inc

B of A Securities analyst David Barden maintains Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) with a Neutral and lowers the price target from $120 to $105.

Price Target

Analyst Ratings

B of A Securities Maintains Neutral on Crown Castle, Lowers Price Target to $105

WIIM

Cohen & Steers shares are trading higher after it was announced the stock will join the S&P SmallCap 600.

B of A Securities analyst Andrew Didora maintains Alaska Air Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) with a Buy and raises the price target from $50 to $56.

B of A Securities Maintains Buy on Alaska Air Gr, Raises Price Target to $56

PARA

PARAA

Paramount shares are trading higher following reports suggesting Sony is in talks with Apollo to join a bid for the company.

B of A Securities analyst Ebrahim Poonawala maintains Synovus Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) with a Buy and lowers the price target from $44 to $40.

B of A Securities Maintains Buy on Synovus Finl, Lowers Price Target to $40

Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>) reported quarterly Adj earnings of $0.76 per share which beat the analyst consensus estimate of $0.70 by 8.57 percent. The company reported quarterly sales of $2.100 billion which beat the analyst consensus estimate of $2.086 billion by 0.68 percent. This is a 5.32 percent decrease over sales of $2.218 billion the same period last year.

Earnings

FITB

Fifth Third Bancorp Q1 2024 Adj EPS $0.76 Beats $0.70 Estimate, Sales $2.100B Beat $2.086B Estimate

<a href="https://deadline.com/2024/04/paramount-sony-apollo-merger-1235889806/" title="https://deadline.com/2024/04/paramount-sony-apollo-merger-1235889806/">https://deadline.com/2024/04/paramount-sony-apollo-merger-1235889806/</a>

Social Media

Movers

Trading Ideas

Paramount Shares Higher Premarket, Earlier Reports Indicate Sony Is In Talks To Join Apollo In Bid For Co.

B of A Securities analyst George Staphos downgrades O-I Glass (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) from Buy to Neutral and lowers the price target from $21 to $16.

Downgrades

B of A Securities Downgrades O-I Glass to Neutral, Lowers Price Target to $16

Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) reported quarterly &nbsp;sales of $1.754 billion which beat the analyst consensus estimate of $1.744 billion by 0.57 percent. This is a 8.69 percent decrease over sales of $1.921 billion the same period last year.

HBAN

Huntington Bancshares Q1 2024 Sales $1.754B Beat $1.744B Estimate

On Thursday, April 18, the U.S. stock markets closed with mixed results as investors digested the latest corporate earnings reports. The S&amp;P 500 and the Nasdaq ended in negative territory, while the Dow Jones Industrial Average slightly increased.
Economic indicators and comments from Federal Reserve officials suggested that a reduction in interest rates by the central bank is unlikely in the near term.
According to economic data, U.S. initial jobless claims remained steady at 212,000 for the week ending April 18, below the anticipated 215,000. The Philadelphia Fed Manufacturing Index rose to 15.5 in April, surpassing expectations of 1.5.
Most S&amp;P 500 sectors gained, especially communication services, utilities, and consumer staples, while technology and consumer discretionary sectors declined.
The Dow Jones Industrial Average gained 0.06% to close at 37,775.38. The S&amp;P 500 fell 0.22%, ending the day at 5,011.12, and the Nasdaq Composite slid 0.52%, finishing the session at 15,601.50.
Asian Markets Today
<ul>
<li>On Friday, Japan's Nikkei 225 index ended the trading day lower by 2.53% at 37,090.50, led by losses in the Power, Chemical, Petroleum &amp; Plastic and Mining sectors.</li>
<li>Nikkei 225 saw its steepest weekly fall since June 2022 amid global stock sell-offs, sparked by U.S. interest rate concerns and Middle East tensions, which unnerved investors.</li>
<li>In Australia, the S&amp;P/ASX 200 declined 0.98% to finish at 7,567.30, led by losses in the IT, A-REITs and Metals &amp; Mining sectors.</li>
<li>India's Nifty 50 closed higher by 0.69% at 22,147.00, and the Nifty 500 rose 0.30%, closing at 20,385.20.</li>
<li>China's Shanghai Composite slid 0.29% to end the session at 3,065.26, and the Shenzhen CSI 300 fell 0.79%, closing at 3,541.66.</li>
<li>Hong Kong's Hang Seng Index declined 0.99%, concluding the day at 16,224.14.</li>
</ul>
Eurozone at 06:00 AM ET
<ul>
<li>The European STOXX 50 index was down 0.44%.</li>
<li>Germany's DAX declined 0.75%.</li>
<li>France's CAC slipped 0.32%.</li>
<li>U.K.'s FTSE 100 traded lower by 0.53%.</li>
</ul>
Commodities at 06:100AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.31% at $82.49/bbl, and Brent was down 0.47% at $86.70 bbl.</li>
<li>Natural Gas was down 0.28% at $1.752.</li>
<li>Gold was trading lower by 0.14% at $2,394.70, Silver declined 0.15% to $28.332, while Copper was up 1.10% at $4.4850.</li>
</ul>
US Futures at 06:00 AM ET&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Dow futures were down 0.29%, S&amp;P 500 futures slid 0.35%, and Nasdaq 100 Futures fell 0.59%.
Forex at 06:00 AM ET
The U.S. Dollar Index slid 0.13% to 106.03, USD/JPY was down 0.06% to 154.52, and USD/AUD gained 0.10% to 1.5588.
Global stocks fell, oil prices jumped, and U.S. bond yields dropped Friday after reports of an Israel attack on Iran underscored the Middle East's impact on markets.
Photo by Pavel Bobrovskiy via Shutterstock

Asia

Emerging Markets

Eurozone

Futures

Commodities

Forex

Geopolitical Tensions Weigh On Asia And Europe Markets, Gold Trades Near $2,400 - Global Markets Today While US Slept

Benchmark analyst Reuben Garner initiates coverage on AZEK Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZEK#NYSE">AZEK</a>) with a Buy rating and announces Price Target of $55.

Initiation

AZEK

Benchmark Initiates Coverage On AZEK Co with Buy Rating, Announces Price Target of $55

Bentley Systems shares are trading higher after Schneider Electric reportedly confirmed it is in talks with the company regarding a potential transaction.

Wipro shares are trading higher following Q4 earnings.

BTIG analyst Sung Ji Nam downgrades DermTech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DMTK#NASDAQ">DMTK</a>) from Buy to Neutral.

DMTK

BTIG Downgrades DermTech to Neutral

ON Semiconductor shares are trading lower after Exane BNP Paribas downgraded the stock from Neutral to Underperform.

Wipro Reports Q4 Revenue of INR228.612B Vs INR238.215B YoY, EPS of INR5.41 Vs INR5.60 YoY

ARM Holdings shares are trading lower after Exane BNP Paribas downgraded the stock from Outperform to Neutral.

To date, Ault &amp; Company has purchased an aggregate of 44,000 shares of Series C convertible preferred stock (&quot;Series C Preferred Stock&quot;) and warrants (&quot;Series C Warrants&quot;) to purchase an aggregate of approximately 13.0 million shares of the Company. Under the Agreement, as amended, Ault &amp; Company can invest up to&nbsp;$75.0 million&nbsp;in the Series C Preferred Stock and Series C Warrants in multiple closings.

AULT

Ault Alliance Says It Has Received an Investment of $44M To Date From Ault & Company Under November 2023 Securities Purchase Agreement

SHOP

Shopify shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $74 to $85.

Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) reported quarterly Adj earnings of $0.28 per share which beat the analyst consensus estimate of $0.25 by 12 percent.

Huntington Bancshares Q1 2024 Adj EPS $0.28 Beats $0.25 Estimate

American Outdoor Brands Non-GAAP EPS of $0.08 beats by $0.03, revenue of $53.43M beats by $2.26M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
American Outdoor Brands (NASDAQ:<a href="https://investorplace.com/stock-quotes/aout-stock-quote/">AOUT</a>) just reported results for the third quarter of 2024.<ul><li>American Outdoor Brands reported earnings per share of 8 cents. This was above the analyst estimate for EPS of 5 cents.</li><li>The company reported revenue of $53.43 million.</li><li>This was 4.41% better than the analyst estimate for revenue of $51.17 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/03/aout-stock-earnings-american-outdoor-brands-for-q3-of-2024/">AOUT Stock Earnings: American Outdoor Brands Beats EPS, Beats Revenue for Q3 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

AOUT Stock Earnings: American Outdoor Brands Beats EPS, Beats Revenue for Q3 2024

American Outdoor Brands, Inc. (AOUT) Q3 2024 Earnings Call Transcript

In a report released today, Mark Smith from Lake Street assigned a Buy rating to American Outdoor Brands (AOUT – Research Report), with a price tar...

Lake Street Releases a Buy Rating on American Outdoor Brands (AOUT)

Even amid hurdles like declining sales and a gloomy outlook, powerhouse athleisure brand Nike (NKE) is forging ahead with cost-cutting strategies. As it prepares to release its third-quarter earnings report, let us assess whether the stock merits a spot in your portfolio... Activewear trendsetter NIKE, Inc. (<a href="https://stocknews.com/stock/NKE/">NKE</a>) is scheduled to unveil its fiscal third-quarter report after the market closes on Thursday, March 21, 2024. However, the anticipated results are likely to mirror the effects of reduced consumer demand for athletic apparel in the prevailing economic climate. So, I believe it's prudent to maintain a Hold stance on the stock for now. In this article, I will delve into the reasons behind this recommendation.
In the fiscal second quarter that ended on November 30, 2023, the company disclosed a total revenue of $13.39 billion, just below the estimated $13.43 billion. For the fiscal 2024 third quarter (ended February 2024), Street projects NKE's EPS to drop 4.3% from the previous-year quarter to $0.76. It is also expected to report a marginal year-over-year decrease in its revenue of $12.29 billion.
The athleisure giant's troubles started last year when it revised its <a href="https://www.reuters.com/business/retail-consumer/nike-misses-quarterly-sales-estimates-weak-wholesale-business-china-demand-2023-12-21/">annual sales forecast downward</a>, citing cautious consumer spending, weaker online business performance, and increased promotions.
NKE's wholesale segment is under strain due to declining retailer orders and challenges in online sales. Retailers are also <a href="https://www.reuters.com/business/retail-consumer/retailers-slash-prices-more-nike-sneakers-2024-data-shows-2024-02-02/">slashing prices on NKE</a> sneakers twice as much in 2024 compared to two years prior, challenging the brand's pricing power amid fierce competition.
However, despite the hurdles, the company announced plans to cut supplies of certain product lines to manage costs and aims to achieve $2 billion in savings over three years through various measures including supply chain improvements and automation.
Taking a closer look at the broader sportswear and apparel sector in the US reveals a challenging landscape. Persistent low demand and surplus store inventory cast a shadow over the sector's prospects. Additionally, high interest and inflationary environments, which lead customers to scale back on spending, particularly on high-priced items, also challenge the sector.
The athletic apparel manufacturer's stock plunged 18% over the past three months but soared 3.5% over the past six months, closing the last trading session at $99.64. Further, the stock is currently trading below its 50-day and 200-day moving averages of $102.53 and $104.94, indicating a downtrend.
Let's examine the potential factors that might impact NKE's performance in the months ahead:
Job Cuts Amid Demand Dip
NKE plans to <a href="https://www.reuters.com/business/retail-consumer/nike-plans-cut-over-1600-jobs-wsj-2024-02-16/">reduce its workforce by around 2%,</a> affecting more than 1,600 jobs, to cut costs amid declining demand for its footwear. According to GlobalData managing director Neil Saunders, layoffs are a preemptive measure to address concerns about further softening demand.
Mixed Financials
During the fiscal second quarter that ended November 30, 2023, NKE's revenues increased marginally year-over-year to $13.39 billion. Its gross profit grew 4.6% from the year-ago quarter to $5.97 billion. Its net income and earnings per common share rose 18.6% and 21.2% year-over-year to $1.58 billion and $1.03 per share.
However, as of November 30, 2023, the company's total current assets dropped 10.3% year-over-year to $24.63 billion.
Solid Growth
NKE achieved impressive CAGRs of 10.5% for revenue and 10.2% for <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> over the past three years. During this period, the company's net income and earnings per share (EPS) demonstrated even more robust growth, with CAGRs of 23.3% and 24.5%, respectively.
Mixed Analyst Estimates
However, for the fiscal year ending May 2024, NKE's revenue and EPS are projected to increase by 1.1% and 11.3%, respectively, from the previous year to $51.79 billion and $3.59.
Attractive Dividend
In February, NKE announced a quarterly cash dividend of $0.37 per share on its Class A and Class B common stock, which will be distributed to shareholders on April 1st, 2024.
Moreover, NKE has raised its dividend for eleven consecutive years. NKE's annual dividend of $1.48 translates to a yield of 1.49% based on prevailing prices, higher than its four-year average dividend yield of 0.98%. The company's dividend payments have grown at a CAGR of 10.9% over the past three years.
Elevated Valuation
In terms of forward non-GAAP P/E, NKE's 27.72x is 77% higher than the 15.66x industry average. Its forward EV/Sales multiple of 2.96 is 138.7% higher than the 1.24 industry average. Moreover, the stock's forward EV/EBITDA of 21.35x is 123.6% higher than the 9.55x industry average.
High Profitability
NKE's trailing-12-month gross profit margin of 43.96% is 22% higher than the 36.04% industry average. Its trailing-12-month EBITDA margin of 13.23% is 21.8% higher than the 10.85% industry average. The stock's trailing-12-month net income margin of 10.28% is 113.2% higher than the industry average of 4.82%.
POWR Ratings Show Uncertainty
NKE's uncertain fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, translating to Neutral in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories.
NKE has a C grade for Sentiment, which is consistent with its mixed analyst expectations. It also has a C grade for Stability, in sync with its 24-month beta of 1.16. The stock's mixed price performance over the past months aligns with its C grade for Momentum.
NKE is ranked #12 in the 34-stock <a href="https://stocknews.com/category/athletics-recreation/">Athletics &amp; Recreation</a> industry.
Beyond what is stated above, we have also allotted NKE grades for Growth, Value, and Quality. One can access all the NKE ratings <a href="https://stocknews.com/stock/NKE/">here</a>.
Bottom Line
Although Nike boasts a strong portfolio of brands and market dominance, dampened consumer spending on discretionary items in the U.S. could harm the company's sales. Moreover, persistent low demand and excessive store inventory cast shadows on the athleisure industry's prospects.
Moreover, analysts' projections for the fiscal third quarter suggest a year-over-year decline in revenue and EPS, which only exacerbates NKE's bleak outlook.
Moreover, NKE's elevated valuation, price performance downtrend, and high beta value paint an uncertain picture. While the renowned activewear retailer's long-term growth looks bright, its short-term prospects appear less optimistic.
Therefore, ahead of its upcoming earnings release, it could be prudent to await a more opportune entry point in this athletic stock.
Stocks to Consider Instead of Nike, Inc. (NKE)
Given its uncertain short-term prospects, the odds of NKE outperforming in the weeks and months ahead are compromised. However, there are many industry peers with much more impressive POWR Ratings. So, consider these three B-rated (Buy) stocks from the <a href="https://stocknews.com/category/athletics-recreation/">Athletics &amp; Recreation</a> industry instead:
Vista Outdoor Inc. (<a href="https://stocknews.com/stock/VSTO/">VSTO</a>)
Gaia, Inc. (<a href="https://stocknews.com/stock/GAIA/">GAIA</a>)
American Outdoor Brands, Inc. (<a href="https://stocknews.com/stock/AOUT/">AOUT</a>)
For exploring more top rated athletic and recreation stocks, <a href="https://stocknews.com/category/athletics-recreation/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
NKE shares were trading at $99.39 per share on Monday afternoon, down $0.25 (-0.25%). Year-to-date, NKE has declined -8.13%, versus a 8.22% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/nke-vsto-gaia-aout-nke-quarterly-report-time-to-add-nike-to-your-portfolio/>NKE Quarterly Report: Time to Add Nike to Your Portfolio?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

NKE Quarterly Report: Time to Add Nike to Your Portfolio?

American Outdoor reaches patent settlement with Vista Outdoor, Bushnell Holdings

American Outdoor Brands reaches settlement agreement with Vista Outdoor, Bushnell Holdings

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
One of the largest ammunition manufacturers in the U.S. is about to sell its shooting sports business, but the deal isn&rsquo;t going smoothly. Amid national security concerns and competing bids for the business, Vista Outdoor&lsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/vsto-stock-quote/">VSTO</a>) plan to split in two is suddenly very complicated and roiling the market for ammo stocks.



Although the industry has occasionally suffered from shortages, some of them for an extended period, ammo has largely returned to normalcy after the pandemic. With a presidential election looming this year, however, ammo sales will likely skyrocket along with firearms, just as in the two previous elections.&nbsp;



That makes Vista&rsquo;s ammo business sale all the more important. So, with that as a backdrop, let&rsquo;s look at three leading ammo stocks today.



<h2>Vista Outdoor (VSTO)</h2>



<a href="https://investorplace.com/wp-content/uploads/2020/06/vsto-1600-stock.jpg"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/vsto-1600-stock-300x169.jpg" alt="Vista outdoor"></a>The ammo industry can&rsquo;t be looked at without examining Vista Outdoor itself. The shooting sports and outdoor gear company has been angling to <a href="https://www.prnewswire.com/news-releases/vista-outdoor-announces-plan-to-separate-its-outdoor-products-and-sporting-products-segments-into-two-independent-publicly-traded-companies-301540512.html">split</a> in two for several years. It wants to separate its Kinetic Group shooting sports unit from its Revelyst outdoor gear business. The original plan was to split into two separately traded companies, much the way outdoor lifestyle company American Outdoor Brands (NASDAQ:<a href="https://investorplace.com/stock-quotes/aout-stock-quote/">AOUT</a>) spun off its firearms division into Smith &amp; Wesson Brands (NASDAQ:<a href="https://investorplace.com/stock-quotes/swbi-stock-quote/">SWBI</a>) .



However, last October, Prague-based Czechoslovak Group offered to buy Kinetic for $1.9 billion, allowing Revelyst to go ahead with its spinoff. Earlier this month, though, MNC Capital offered to buy the entire company, Revelyst included, for $2.9 billion. Vista rejected the offer as undervaluing the company, and MNC returned last week with an <a href="https://news.vistaoutdoor.com/newsroom/press-releases/press-release-details/2024/Vista-Outdoor-Confirms-Receipt-of-Revised-Indication-of-Interest-from-MNC-Capital/default.aspx">improved all-cash offer</a> of $3 billion.



MNC notes its offer keeps both businesses in the U.S. As a result, the deal wouldn&rsquo;t need approval from the Committee on Foreign Investment in the United States (CFIUS) over potential national security issues. Vista says it is certain the deal with Czechoslovak Group will receive CFIUS approval. However, Vista is a major U.S. military and law enforcement supplier. It owns ammo brands like Federal, Remington, Speer and others. At least one U.S. senator has raised concerns about the deal.&nbsp;



Regardless of the company&rsquo;s offer, VSTO stock will no longer be available.



<h2>Olin (OLN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/oln-1600-300x169.jpg" alt="Olin corporate office in Texas. OLN stock."><div>Source: JHVEPhoto / Shutterstock</div></div>While Olin (NYSE:<a href="https://investorplace.com/stock-quotes/oln-stock-quote/">OLN</a>) is best known as a specialty chemicals company, it also owns the Winchester brand of ammunition. Where Vista&rsquo;s Kinetic division saw sales drop 19% over the first nine months of fiscal 2024, which ended Dec. 24, Olin&rsquo;s Winchester unit only saw a 6% decline in sales for all of 2023. Fourth quarter sales, though, jumped 23.5% year-over-year to $395 million, and it is expected that Q1 sales will be sequentially higher.



Olin is also a supplier to the military. It <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/74303/000007430324000041/oln-20231231.htm">won management and operational control</a> over the Lake City Army Ammunition Plant in Independence, Missouri, 2019. The contract runs for seven years and produces military and commercial ammunition. The plant produces rounds such as the 5.56mm, 7.62mm and .50 caliber, as well as cartridges and casings. Winchester is the biggest seller of pistol ammunition for the military.



The Winchester segment represented 22% of Olin&rsquo;s total revenue in 2023, significantly contributing to the company&rsquo;s overall health. OLN stock is up 9% this year and 11% higher over the last 12 months.



<h2>AMMO (POWW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/01/ammunition-bullets-poww-stock-1600-300x169.jpg" alt="many ammunition bullets pattern background"><div>Source: ThomasLENNE / Shutterstock.com</div></div>The third ammo stock to watch is AMMO (NASDAQ:<a href="https://investorplace.com/stock-quotes/poww-stock-quote/">POWW</a>). It&rsquo;s a <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1015383/000149315224005468/form8-k.htm">relatively small manufacturer</a> with $47 million in ammunition sales over the first three quarters of fiscal 2024. That&rsquo;s nearly half of what it generated the year before, though demand was much higher a year ago because of shortages. As the industry normalized, so did demand.



AMMO also owns GunBroker.com, the largest online marketplace for firearms and shooting sports. The business produced $40.7 million in revenue in the last nine months, down 13% from last year. Firearms demand has also eased. According to the FBI, it conducted 29.85 million <a href="https://www.fbi.gov/file-repository/nics_firearm_checks_-_month_year.pdf/view">criminal background checks</a> on potential gun buyers in 2023. That&rsquo;s 6% fewer than the year before. Although that figure is 25% below the all-time high recorded in 2020, it is still the fourth-largest number since the federal law enforcement agency began tracking data in the late 1990s.



AMMO stock, however, is up 31% in 2024 and is running 38% high over the past year. AMMO is a scrappy ammunition manufacturer and one to watch as presidential politics heat up later this year.



On the date of publication, Rich Duprey held a LONG position in SWBI stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/ammunition-shakeup-3-ammo-stocks-to-watch-as-vista-outdoor-unloads-its-business/">Ammunition Shakeup: 3 Ammo Stocks to Watch as Vista Outdoor Unloads Its Business</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.