American Outdoor Brands (NASDAQ:AOUT) Stock Rating Raised to “Strong-Buy” 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 Sunday morning,Wall Street Zen reports.

A number of other analysts also recently issued reports on AOUT. Lake Street Capital restated a “buy” rating and issued a $16.00 price target on shares of American Outdoor Brands in a research report on Friday, September 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of American Outdoor Brands in a report on Monday, September 21st. Zacks Research upgraded shares of American Outdoor Brands from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 23rd. Roth Capital reissued a “buy” rating and issued a $17.00 price target (up from $13.50) on shares of American Outdoor Brands in a research report on Friday, September 4th. Finally, LADENBURG THALM/SH SH initiated coverage on American Outdoor Brands in a research report on Tuesday, October 13th. They issued a “buy” rating and a $22.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.33.

American Outdoor Brands Stock Performance

Shares of AOUT stock opened at $17.35 on Friday. American Outdoor Brands has a 12-month low of $6.26 and a 12-month high of $18.47. The stock’s 50-day moving average price is $14.86 and its 200-day moving average price is $12.37. The stock has a market capitalization of $218.96 million, a price-to-earnings ratio of -55.97 and a beta of 0.15.

American Outdoor Brands (NASDAQ:AOUT) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.27. The business had revenue of $37.25 million for 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%. As a group, research analysts predict that American Outdoor Brands will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On American Outdoor Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in AOUT. BlackRock Inc. purchased a new position in shares of American Outdoor Brands during the 2nd quarter worth $3,270,000. Gamco Investors INC. ET AL increased its stake in American Outdoor Brands by 1.6% during the first quarter. Gamco Investors INC. ET AL now owns 314,813 shares of the company’s stock worth $2,940,000 after purchasing an additional 5,000 shares during the period. Corient Private Wealth LLC lifted its position in shares of American Outdoor Brands by 422.9% during the fourth quarter. Corient Private Wealth LLC now owns 169,000 shares of the company’s stock worth $1,306,000 after purchasing an additional 136,680 shares in the last quarter. Ancora Advisors LLC purchased a new position in shares of American Outdoor Brands in the second quarter valued at approximately $1,043,000. Finally, Susquehanna International Group LLP boosted its stake in shares of American Outdoor Brands by 357.0% in the second quarter. Susquehanna International Group LLP now owns 74,844 shares of the company’s stock valued at $879,000 after purchasing an additional 58,466 shares during the period. Institutional investors and hedge funds own 49.87% of the company’s stock.

American Outdoor Brands Company Profile

American Outdoor Brands, Inc (NASDAQ:AOUT) develops and sells products for shooting, hunting, fishing, camping, outdoor recreation, and outdoor cooking. Its portfolio includes shooting accessories, firearm maintenance and storage products, hunting tools, knives, fishing equipment, camping gear, grills, and related outdoor products.

The company markets its products under a collection of brands, including Caldwell, Frankford Arsenal, Hooyman, BOG, Schrade, Old Timer, Tipton, Grilla Grills, and MEAT!, among others.