American Outdoor Brands (NASDAQ:AOUT) Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of American Outdoor Brands (NASDAQ:AOUT) from a strong-buy rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.

A number of other research firms also recently weighed in on AOUT. Weiss Ratings reissued a “sell (d-)” rating on shares of American Outdoor Brands in a research report on Monday, September 21st. Lake Street Capital restated a “buy” rating and set a $16.00 price target on shares of American Outdoor Brands in a research note on Friday, September 4th. Roth Capital restated a “buy” rating and set a $17.00 price target (up from $13.50) on shares of American Outdoor Brands in a research note on Friday, September 4th. LADENBURG THALM/SH SH assumed coverage on shares of American Outdoor Brands in a report on Tuesday, October 13th. They issued a “buy” rating and a $22.00 price target on the stock. Finally, Zacks Research upgraded American Outdoor Brands from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.33.

American Outdoor Brands Stock Performance

AOUT opened at $17.75 on Friday. The firm has a market cap of $224.00 million, a P/E ratio of -57.26 and a beta of 0.15. The firm has a 50-day moving average of $14.47 and a 200 day moving average of $12.13. American Outdoor Brands has a fifty-two week low of $6.26 and a fifty-two week high of $18.47.

American Outdoor Brands (NASDAQ:AOUT) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.27. The business had revenue of $37.25 million during 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%. Equities research analysts predict that American Outdoor Brands will post 0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Outdoor Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of American Outdoor Brands by 15.0% during the 1st quarter. Bank of America Corp DE now owns 10,989 shares of the company’s stock valued at $103,000 after acquiring an additional 1,436 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of American Outdoor Brands by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 33,530 shares of the company’s stock worth $313,000 after purchasing an additional 1,641 shares during the last quarter. Empowered Funds LLC increased its position in shares of American Outdoor Brands by 6.7% in the first quarter. Empowered Funds LLC now owns 36,706 shares of the company’s stock worth $343,000 after purchasing an additional 2,306 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of American Outdoor Brands in the first quarter worth approximately $30,000. Finally, Gamco Investors INC. ET AL increased its position in shares of American Outdoor Brands by 1.6% in the first quarter. Gamco Investors INC. ET AL now owns 314,813 shares of the company’s stock worth $2,940,000 after purchasing an additional 5,000 shares during the last quarter. 49.87% of the stock is currently owned by institutional investors.

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.