American Outdoor Brands (NASDAQ:AOUT) Rating Lowered to Hold at Zacks Research

American Outdoor Brands (NASDAQ:AOUT) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on AOUT. Weiss Ratings reissued a “sell (d-)” rating on shares of American Outdoor Brands in a research report on Wednesday, June 24th. Wall Street Zen raised shares of American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Lake Street Capital lifted their price target on shares of American Outdoor Brands from $14.00 to $15.00 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, Roth Capital reissued a “buy” rating and set a $13.50 price objective on shares of American Outdoor Brands in a research note on Friday, June 26th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $14.25.

American Outdoor Brands Trading Up 1.9%

NASDAQ AOUT opened at $10.81 on Tuesday. The business’s 50-day moving average price is $12.50 and its 200 day moving average price is $10.39. American Outdoor Brands has a twelve month low of $6.26 and a twelve month high of $14.97. The company has a market capitalization of $136.42 million, a PE ratio of -14.81 and a beta of 0.29.

American Outdoor Brands (NASDAQ:AOUT) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.14. The company had revenue of $47.06 million during the quarter, compared to analysts’ expectations of $48.44 million. American Outdoor Brands had a positive return on equity of 0.67% and a negative net margin of 4.83%. Equities analysts predict that American Outdoor Brands will post 0.39 EPS for the current year.

Institutional Investors Weigh In On American Outdoor Brands

Several institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp acquired a new stake in shares of American Outdoor Brands in the first quarter worth $30,000. Comerica Bank lifted its holdings in shares of American Outdoor Brands by 203.6% during 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 in the last quarter. Bank of America Corp DE boosted its position in American Outdoor Brands by 505.6% during the 2nd 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. increased its holdings in American Outdoor Brands by 4,535.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,934 shares of the company’s stock valued at $62,000 after purchasing an additional 5,806 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in American Outdoor Brands in the 2nd quarter valued at $64,000. 49.87% of the stock is currently owned by hedge funds and other institutional investors.

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.