Outdoor (NASDAQ:POWW – Get Free Report) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.
A number of other research analysts also recently issued reports on the company. Weiss Ratings downgraded Outdoor from a “sell (d+)” rating to a “sell (d-)” rating in a report on Tuesday. Roth Mkm raised their price objective on shares of Outdoor from $2.30 to $2.75 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2.62.
Read Our Latest Report on POWW
Outdoor Price Performance
Outdoor (NASDAQ:POWW – Get Free Report) last released its quarterly earnings data on Monday, June 22nd. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $13.89 million for the quarter, compared to analysts’ expectations of $12.70 million. Outdoor had a negative net margin of 6.92% and a positive return on equity of 1.89%. Research analysts expect that Outdoor will post -0.01 EPS for the current year.
Institutional Investors Weigh In On Outdoor
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kanen Wealth Management LLC lifted its holdings in Outdoor by 1.7% during the fourth quarter. Kanen Wealth Management LLC now owns 11,691,882 shares of the company’s stock valued at $19,833,000 after purchasing an additional 197,876 shares in the last quarter. Vanguard Group Inc. lifted its stake in Outdoor by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,358,634 shares of the company’s stock valued at $7,931,000 after buying an additional 175,691 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Outdoor by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 2,302,268 shares of the company’s stock worth $3,938,000 after buying an additional 43,136 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in Outdoor in the 4th quarter worth about $2,693,000. Finally, Bridgeway Capital Management LLC increased its stake in Outdoor by 4.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,054,157 shares of the company’s stock worth $1,803,000 after buying an additional 43,735 shares in the last quarter. Hedge funds and other institutional investors own 26.40% of the company’s stock.
Outdoor Company Profile
AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms. It also owns and operates GunBroker.com, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.
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