American Outdoor Brands (NASDAQ:AOUT) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of American Outdoor Brands (NASDAQ:AOUT) from a hold rating to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

Several other equities research analysts also recently weighed in on AOUT. 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. Weiss Ratings restated a “sell (d-)” rating on shares of American Outdoor Brands in a research note on Wednesday, June 24th. Lake Street Capital boosted their target price on American Outdoor Brands from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $13.50 price target on shares of American Outdoor Brands in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.25.

American Outdoor Brands Stock Performance

Shares of AOUT opened at $12.29 on Tuesday. American Outdoor Brands has a 52-week low of $6.26 and a 52-week high of $13.78. The firm has a market cap of $153.75 million, a price-to-earnings ratio of -16.84 and a beta of 0.27. The business’s fifty day moving average is $9.89 and its 200-day moving average is $9.18.

American Outdoor Brands (NASDAQ:AOUT) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.14. The company had revenue of $47.06 million for the quarter, compared to the consensus estimate of $48.44 million. American Outdoor Brands had a positive return on equity of 0.67% and a negative net margin of 4.83%. As a group, research analysts forecast that American Outdoor Brands will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On American Outdoor Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of AOUT. Geode Capital Management LLC lifted its stake in American Outdoor Brands by 104.7% in the 2nd quarter. Geode Capital Management LLC now owns 293,683 shares of the company’s stock worth $3,070,000 after purchasing an additional 150,202 shares in the last quarter. Corient Private Wealth LLC raised its position in American Outdoor Brands by 422.9% during the fourth quarter. Corient Private Wealth LLC now owns 169,000 shares of the company’s stock valued at $1,306,000 after purchasing an additional 136,680 shares in the last quarter. Argos Wealth Advisors LLC bought a new stake in American Outdoor Brands during the fourth quarter worth about $975,000. Brandes Investment Partners LP increased its position in shares of American Outdoor Brands by 6.6% during the 4th quarter. Brandes Investment Partners LP now owns 1,887,645 shares of the company’s stock valued at $14,591,000 after purchasing an additional 116,971 shares during the last quarter. Finally, Teton Advisors LLC purchased a new position in shares of American Outdoor Brands during the 3rd quarter valued at about $1,007,000. Institutional investors own 49.87% of the company’s stock.

American Outdoor Brands Company Profile

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.