American Outdoor Brands (NASDAQ:AOUT) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of American Outdoor Brands (NASDAQ:AOUT) from a sell rating to a hold rating in a research report sent to investors on Monday, Zacks.com reports.

According to Zacks, “American Outdoor Brands, Inc. is a provider of outdoor products and accessories, including hunting, fishing, camping, shooting and personal security and defense products, for rugged outdoor enthusiasts. The company produces products under the brands Caldwell(R); Crimson Trace(R); Wheeler(R); Tipton(R); Frankford Arsenal(R); Lockdown(R); BOG(R); Hooyman(R); Smith & Wesson Accessories(R); M&P Accessories(R); Thompson/Center Arms Accessories(TM); Performance Center Accessories(R); Schrade(R); Old Timer(R); Uncle Henry(R); Imperial(R); BUBBA(R); UST(R); LaserLyte(R); and MEAT!. American Outdoor Brands, Inc. is based in COLUMBIA. “

Other analysts have also issued research reports about the stock. Cowen boosted their target price on shares of American Outdoor Brands from $36.00 to $43.00 and gave the company an outperform rating in a research note on Thursday, March 18th. B. Riley reissued a buy rating and set a $38.00 price target on shares of American Outdoor Brands in a report on Tuesday, June 1st. Finally, Lake Street Capital boosted their price target on shares of American Outdoor Brands from $24.00 to $29.00 and gave the company a buy rating in a report on Thursday, March 18th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. American Outdoor Brands presently has a consensus rating of Buy and a consensus target price of $28.57.

AOUT stock opened at $31.66 on Monday. American Outdoor Brands has a 1-year low of $12.24 and a 1-year high of $33.50. The company’s fifty day simple moving average is $28.72.

American Outdoor Brands (NASDAQ:AOUT) last released its earnings results on Tuesday, March 16th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.46. The business had revenue of $82.60 million for the quarter, compared to the consensus estimate of $58.57 million. The company’s revenue for the quarter was up 90.8% compared to the same quarter last year. On average, equities research analysts forecast that American Outdoor Brands will post 2.03 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP acquired a new stake in American Outdoor Brands in the fourth quarter worth about $19,515,000. Teachers Retirement System of The State of Kentucky acquired a new stake in American Outdoor Brands in the fourth quarter worth about $658,000. Los Angeles Capital Management LLC acquired a new stake in American Outdoor Brands in the fourth quarter worth about $269,000. Clarus Group Inc. acquired a new stake in American Outdoor Brands in the first quarter worth about $847,000. Finally, Parthenon LLC acquired a new stake in American Outdoor Brands in the first quarter worth about $3,359,000. 66.08% of the stock is owned by institutional investors.

About American Outdoor Brands

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; 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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