American Outdoor Brands (NASDAQ:AOUT) Now Covered by LADENBURG THALM/SH SH

Analysts at LADENBURG THALM/SH SH started coverage on shares of American Outdoor Brands (NASDAQ:AOUT) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $22.00 price target on the stock. LADENBURG THALM/SH SH’s price objective suggests a potential upside of 33.82% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Roth Capital reissued a “buy” rating and set a $17.00 price objective (up from $13.50) on shares of American Outdoor Brands in a research report on Friday, September 4th. Zacks Research upgraded shares of American Outdoor Brands from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 23rd. Wall Street Zen raised shares of American Outdoor Brands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 5th. Lake Street Capital reaffirmed a “buy” rating and issued a $16.00 price objective on shares of American Outdoor Brands in a research report on Friday, September 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of American Outdoor Brands in a research note on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, American Outdoor Brands has an average rating of “Moderate Buy” and a consensus price target of $18.33.

American Outdoor Brands Price Performance

NASDAQ:AOUT opened at $16.44 on Tuesday. American Outdoor Brands has a fifty-two week low of $6.26 and a fifty-two week high of $17.69. The stock has a market capitalization of $207.47 million, a PE ratio of -53.03 and a beta of 0.15. The business’s 50-day simple moving average is $13.97 and its 200-day simple moving average is $11.83.

American Outdoor Brands (NASDAQ:AOUT) last posted its earnings results on Thursday, September 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.27. The business had revenue of $37.25 million during the quarter, compared to analysts’ expectations of $35.64 million. American Outdoor Brands had a positive return on equity of 2.88% and a negative net margin of 1.97%. On average, research analysts expect that American Outdoor Brands will post 0.47 earnings per share for the current year.

Hedge Funds Weigh In On American Outdoor Brands

Several hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp acquired a new stake in shares of American Outdoor Brands in the first quarter valued at approximately $30,000. Bank of America Corp DE lifted its position in shares of American Outdoor Brands by 15.0% in the first quarter. Bank of America Corp DE now owns 10,989 shares of the company’s stock worth $103,000 after purchasing an additional 1,436 shares in the last quarter. Walleye Capital LLC acquired a new position in American Outdoor Brands during the second quarter worth $145,000. Bank of New York Mellon Corp acquired a new position in American Outdoor Brands during the second quarter worth $169,000. Finally, State of Wyoming acquired a new position in American Outdoor Brands during the first quarter worth $149,000. 49.87% of the stock is owned by institutional investors.

About American Outdoor Brands

American Outdoor Brands, Inc (NASDAQ: AOUT) develops and markets outdoor and shooting products for hunting, fishing, camping, shooting sports, and related recreational activities. Its offerings include tools, equipment, accessories, and other consumer products designed for outdoor enthusiasts, sportsmen, and recreational users.

The company sells products under a portfolio of brands that includes BOG, Caldwell, Frankford Arsenal, Hooyman, Old Timer, Schrade, UST, and Wheeler, among others.