American Outdoor Brands (NASDAQ:AOUT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of American Outdoor Brands (NASDAQ:AOUT) from a buy rating to a strong-buy rating in a research note published on Saturday morning,Wall Street Zen reports.

AOUT has been the topic of several other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of American Outdoor Brands in a research note on Wednesday, June 24th. Lake Street Capital reiterated a “buy” rating and set a $16.00 price objective on shares of American Outdoor Brands in a research note on Friday. Zacks Research downgraded shares of American Outdoor Brands from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $17.00 target price (up from $13.50) on shares of American Outdoor Brands in a report on Friday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.50.

American Outdoor Brands Stock Performance

Shares of American Outdoor Brands stock opened at $14.48 on Friday. The firm’s 50-day simple moving average is $12.59 and its 200-day simple moving average is $10.53. American Outdoor Brands has a twelve month low of $6.26 and a twelve month high of $14.97. The firm has a market cap of $182.74 million, a P/E ratio of -46.71 and a beta of 0.27.

American Outdoor Brands (NASDAQ:AOUT) last posted its earnings results on Thursday, September 3rd. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.27. American Outdoor Brands had a negative net margin of 1.97% and a positive return on equity of 2.88%. The business had revenue of $37.25 million for the quarter, compared to analysts’ expectations of $35.64 million. On average, equities analysts forecast that American Outdoor Brands will post 0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Outdoor Brands

A number of institutional investors and hedge funds have recently bought and sold shares of AOUT. Fifth Third Bancorp acquired a new stake in shares of American Outdoor Brands in the first quarter valued at approximately $30,000. Comerica Bank raised its position in shares of American Outdoor Brands by 203.6% in the 3rd quarter. Comerica Bank now owns 3,504 shares of the company’s stock valued at $30,000 after acquiring an additional 2,350 shares during the period. Bank of America Corp DE raised its holdings in American Outdoor Brands by 505.6% in the second quarter. Bank of America Corp DE now owns 5,372 shares of the company’s stock worth $56,000 after purchasing an additional 4,485 shares during the period. JPMorgan Chase & Co. raised its stake in American Outdoor Brands by 4,535.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,934 shares of the company’s stock worth $62,000 after buying an additional 5,806 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of American Outdoor Brands during the second quarter worth about $64,000. Institutional investors and hedge funds own 49.87% of the company’s stock.

About American Outdoor Brands

American Outdoor Brands, Inc designs, manufactures and distributes a broad range of outdoor sports and recreational products for consumers and commercial end users. Through its Shooting & Accessories and Functional Outdoor Approaches segments, the company offers shooting sports equipment, hunting and fishing accessories, archery gear, tactical and personal defense solutions, outdoor apparel, fitness products and knife and tool categories. Its portfolio encompasses well-known brands such as Wheeler®, Tipton®, Caldwell®, Hogue®, Manticore Arms® and other specialty labels.

Formed as a standalone public company in 2016 following a spin-off from Smith & Wesson, American Outdoor Brands has its headquarters in Columbia, Missouri, with manufacturing, distribution and sales operations across North America.