American Outdoor Brands (NASDAQ:AOUT) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of American Outdoor Brands (NASDAQ:AOUT) from a hold rating to a strong sell rating in a research note published on Monday,Zacks.com reports.

A number of other research firms have also recently commented on AOUT. Wall Street Zen cut American Outdoor Brands from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Lake Street Capital restated a “buy” rating and set a $19.00 price target (down from $20.00) on shares of American Outdoor Brands in a research note on Friday, June 27th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.00.

American Outdoor Brands Stock Performance

Shares of American Outdoor Brands stock opened at $8.68 on Monday. The stock has a 50 day moving average of $9.38 and a 200 day moving average of $10.66. American Outdoor Brands has a fifty-two week low of $8.10 and a fifty-two week high of $17.91. The firm has a market capitalization of $109.86 million, a price-to-earnings ratio of -23.46 and a beta of 0.39.

Institutional Trading of American Outdoor Brands

Several hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. raised its stake in shares of American Outdoor Brands by 3.5% in the second quarter. Russell Investments Group Ltd. now owns 38,852 shares of the company’s stock valued at $406,000 after acquiring an additional 1,296 shares in the last quarter. White Pine Capital LLC raised its stake in American Outdoor Brands by 1.9% in the second quarter. White Pine Capital LLC now owns 69,475 shares of the company’s stock valued at $726,000 after buying an additional 1,322 shares in the last quarter. First Horizon Advisors Inc. raised its stake in American Outdoor Brands by 170.7% in the second quarter. First Horizon Advisors Inc. now owns 2,547 shares of the company’s stock valued at $27,000 after buying an additional 1,606 shares in the last quarter. Empowered Funds LLC raised its stake in American Outdoor Brands by 8.4% in the first quarter. Empowered Funds LLC now owns 25,399 shares of the company’s stock valued at $309,000 after buying an additional 1,972 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in American Outdoor Brands by 1.8% in the second quarter. Bridgeway Capital Management LLC now owns 124,386 shares of the company’s stock valued at $1,300,000 after buying an additional 2,180 shares in the last quarter. 49.87% of the stock is currently owned by institutional investors and hedge funds.

American Outdoor Brands Company Profile

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.