American Outdoor Brands (NASDAQ:AOUT) Stock Rating Lowered by Zacks Research

American Outdoor Brands (NASDAQ:AOUT) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other analysts also recently weighed in on AOUT. Weiss Ratings reiterated a “sell (d-)” rating on shares of American Outdoor Brands in a report on Wednesday, June 24th. Wall Street Zen raised American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Roth Capital restated a “buy” rating and set a $13.50 target price on shares of American Outdoor Brands in a research report on Friday, June 26th. Finally, Lake Street Capital boosted their price target on American Outdoor Brands from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, American Outdoor Brands has an average rating of “Hold” and a consensus target price of $14.25.

American Outdoor Brands Stock Performance

NASDAQ:AOUT opened at $10.81 on Tuesday. The firm’s fifty day moving average is $12.50 and its 200-day moving average is $10.39. American Outdoor Brands has a 52 week low of $6.26 and a 52 week high of $14.97. The firm has a market cap of $136.42 million, a P/E ratio of -14.81 and a beta of 0.29.

American Outdoor Brands (NASDAQ:AOUT) last announced its earnings results on Thursday, June 25th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.14. The business had revenue of $47.06 million during the quarter, compared to the consensus estimate of $48.44 million. American Outdoor Brands had a negative net margin of 4.83% and a positive return on equity of 0.67%. As a group, sell-side analysts anticipate that American Outdoor Brands will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On American Outdoor Brands

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in American Outdoor Brands in the 2nd quarter worth about $3,270,000. Geode Capital Management LLC grew its position in shares of American Outdoor Brands by 104.7% during the 2nd quarter. Geode Capital Management LLC now owns 293,683 shares of the company’s stock valued at $3,070,000 after acquiring an additional 150,202 shares during the period. Corient Private Wealth LLC grew its position in shares of American Outdoor Brands by 422.9% during the 4th quarter. Corient Private Wealth LLC now owns 169,000 shares of the company’s stock valued at $1,306,000 after acquiring an additional 136,680 shares during the period. Argos Wealth Advisors LLC purchased a new stake in shares of American Outdoor Brands during the 4th quarter worth approximately $975,000. Finally, Brandes Investment Partners LP increased its stake 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 worth $14,591,000 after purchasing an additional 116,971 shares during the last quarter. Institutional investors own 49.87% of the company’s stock.

About American Outdoor Brands

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.