Zacks Research Upgrades Outdoor (NASDAQ:POWW) to “Strong-Buy”

Outdoor (NASDAQ:POWW) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday, Zacks reports.

Other equities analysts have also issued reports about the stock. Roth Capital reaffirmed a “buy” rating on shares of Outdoor in a research note on Tuesday, August 11th. Weiss Ratings raised Outdoor from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $2.75.

Outdoor Stock Up 1.3%

Outdoor stock opened at $2.31 on Monday. The company has a 50 day moving average of $2.26 and a 200-day moving average of $2.12. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 0.04. Outdoor has a twelve month low of $1.60 and a twelve month high of $2.67. The stock has a market capitalization of $268.10 million, a PE ratio of 77.03 and a beta of 0.98.

Outdoor (NASDAQ:POWW) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.02 EPS for the quarter. Outdoor had a net margin of 12.08% and a return on equity of 1.90%. The business had revenue of $14.48 million for the quarter, compared to analyst estimates of $13.02 million. On average, equities research analysts anticipate that Outdoor will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Outdoor

Several institutional investors have recently bought and sold shares of POWW. BlackRock Inc. bought a new position in shares of Outdoor during the 2nd quarter worth approximately $16,646,000. AWH Capital L.P. acquired a new stake in shares of Outdoor in the second quarter valued at approximately $2,314,200. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Outdoor in the first quarter valued at approximately $1,116,000. JB Capital Partners LP bought a new stake in shares of Outdoor in the second quarter worth $1,254,000. Finally, Empowered Funds LLC bought a new stake in shares of Outdoor in the second quarter worth $1,215,000. Institutional investors own 26.40% of the company’s stock.

Outdoor Company Profile

Outdoor, formerly known as AMMO, Inc., is an outdoor-focused company serving the firearms, hunting, shooting and broader recreation markets. Its principal business is GunBroker.com, an online marketplace that connects buyers and sellers of firearms, ammunition, accessories, sporting goods and related outdoor products, subject to applicable laws and regulations. The company’s marketplace provides product listings, transaction services and related digital tools for its community of consumers, dealers and manufacturers.