Wall Street Zen Downgrades American Outdoor Brands (NASDAQ:AOUT) to Sell

American Outdoor Brands (NASDAQ:AOUT) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

AOUT has been the topic of several other research reports. Zacks Research downgraded American Outdoor Brands from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of American Outdoor Brands in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $19.00.

American Outdoor Brands Trading Down 1.0%

Shares of American Outdoor Brands stock opened at $6.80 on Friday. The company has a market capitalization of $86.09 million, a PE ratio of -18.38 and a beta of 0.35. American Outdoor Brands has a 12 month low of $6.55 and a 12 month high of $17.91. The stock’s fifty day simple moving average is $8.45 and its 200 day simple moving average is $9.94.

American Outdoor Brands (NASDAQ:AOUT) last released its quarterly earnings results on Tuesday, April 18th. The company reported $0.52 earnings per share (EPS) for the quarter. American Outdoor Brands had a positive return on equity of 2.00% and a negative net margin of 2.16%.The firm had revenue of $70.11 million for the quarter. Analysts predict that American Outdoor Brands will post 0.36 EPS for the current fiscal year.

American Outdoor Brands announced that its board has initiated a share repurchase plan on Thursday, October 2nd that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 9.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Institutional Trading of American Outdoor Brands

Hedge funds and other institutional investors have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of American Outdoor Brands in the second quarter valued at about $27,000. First Horizon Advisors Inc. increased its position in shares of 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 acquiring an additional 1,606 shares during the last quarter. Bank of America Corp DE increased its position in shares of American Outdoor Brands by 505.6% in the second quarter. Bank of America Corp DE now owns 5,372 shares of the company’s stock valued at $56,000 after acquiring an additional 4,485 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of American Outdoor Brands by 4,535.9% in the second quarter. JPMorgan Chase & Co. now owns 5,934 shares of the company’s stock valued at $62,000 after acquiring an additional 5,806 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of American Outdoor Brands in the second quarter valued at about $64,000. Institutional investors and hedge funds own 49.87% of the company’s stock.

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.