American Outdoor Brands (NASDAQ:AOUT) Upgraded to Strong-Buy at Zacks Research

American Outdoor Brands (NASDAQ:AOUT) 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 Tuesday,Zacks.com reports.

AOUT has been the topic of several other reports. Wall Street Zen upgraded shares of American Outdoor Brands from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Roth Mkm restated a “buy” rating and issued a $13.50 price target on shares of American Outdoor Brands in a report on Friday, June 26th. Lake Street Capital raised their price target on American Outdoor Brands from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Outdoor Brands in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

American Outdoor Brands Stock Up 4.7%

Shares of AOUT opened at $12.29 on Tuesday. American Outdoor Brands has a 12-month low of $6.26 and a 12-month high of $13.78. The firm has a market capitalization of $153.75 million, a PE ratio of -16.84 and a beta of 0.27. The stock’s fifty day simple moving average is $9.89 and its 200-day simple moving average is $9.18.

American Outdoor Brands (NASDAQ:AOUT) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.14. The business had revenue of $47.06 million for the quarter, compared to analyst estimates of $48.44 million. American Outdoor Brands had a negative net margin of 4.83% and a positive return on equity of 0.67%. Analysts anticipate that American Outdoor Brands will post 0.47 EPS for the current year.

Institutional Trading of American Outdoor Brands

A number of hedge funds and other institutional investors have recently modified their holdings of AOUT. Fifth Third Bancorp bought a new position in shares of American Outdoor Brands in the 1st quarter valued at about $30,000. Comerica Bank grew its holdings in American Outdoor Brands by 203.6% during the third quarter. Comerica Bank now owns 3,504 shares of the company’s stock worth $30,000 after purchasing an additional 2,350 shares during the period. Bank of America Corp DE increased its position in American Outdoor Brands by 505.6% during the second quarter. Bank of America Corp DE now owns 5,372 shares of the company’s stock worth $56,000 after buying an additional 4,485 shares during the last quarter. JPMorgan Chase & Co. raised its stake in 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 buying an additional 5,806 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of American Outdoor Brands in the second quarter valued at approximately $64,000. Institutional investors and hedge funds own 49.87% of the company’s stock.

American Outdoor Brands Company Profile

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.