American Outdoor Brands (NASDAQ:AOUT – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.
Other equities analysts also recently issued reports about the company. Zacks Research upgraded American Outdoor Brands from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of American Outdoor Brands in a research note on Monday, September 21st. Roth Capital restated a “buy” rating and set a $17.00 price objective (up from $13.50) on shares of American Outdoor Brands in a research note on Friday, September 4th. LADENBURG THALM/SH SH began coverage on American Outdoor Brands in a report on Tuesday, October 13th. They set a “buy” rating and a $22.00 target price on the stock. Finally, Lake Street Capital reiterated a “buy” rating and issued a $16.00 target price on shares of American Outdoor Brands in a research report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, American Outdoor Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.33.
Get Our Latest Research Report on AOUT
American Outdoor Brands Stock Performance
Shares of NASDAQ:AOUT opened at $18.06 on Friday. The firm has a market cap of $227.92 million, a PE ratio of -58.26 and a beta of 0.15. The company has a fifty day simple moving average of $14.38 and a 200 day simple moving average of $12.07. American Outdoor Brands has a 12-month low of $6.26 and a 12-month high of $18.47.
American Outdoor Brands (NASDAQ:AOUT – Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.27. The firm had revenue of $37.25 million for the quarter, compared to the consensus estimate of $35.64 million. American Outdoor Brands had a negative net margin of 1.97% and a positive return on equity of 2.88%. As a group, equities research analysts forecast that American Outdoor Brands will post 0.47 EPS for the current fiscal year.
Institutional Investors Weigh In On American Outdoor Brands
Several institutional investors and hedge funds have recently bought and sold shares of AOUT. Fifth Third Bancorp acquired a new position in American Outdoor Brands in the first quarter valued at approximately $30,000. Bank of America Corp DE grew its holdings in shares of American Outdoor Brands by 15.0% during the first quarter. Bank of America Corp DE now owns 10,989 shares of the company’s stock valued at $103,000 after purchasing an additional 1,436 shares during the last quarter. Walleye Capital LLC bought a new position in shares of American Outdoor Brands during the second quarter valued at approximately $145,000. State of Wyoming acquired a new stake in shares of American Outdoor Brands during the 1st quarter worth approximately $149,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of American Outdoor Brands during the 2nd quarter worth approximately $169,000. Institutional investors and hedge funds own 49.87% of the company’s stock.
American Outdoor Brands Company Profile
American Outdoor Brands, Inc (NASDAQ: AOUT) develops and markets outdoor and shooting products for hunting, fishing, camping, shooting sports, and related recreational activities. Its offerings include tools, equipment, accessories, and other consumer products designed for outdoor enthusiasts, sportsmen, and recreational users.
The company sells products under a portfolio of brands that includes BOG, Caldwell, Frankford Arsenal, Hooyman, Old Timer, Schrade, UST, and Wheeler, among others.
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