American Outdoor Brands (NASDAQ:AOUT) Downgraded by Zacks Research to “Strong Sell”

American Outdoor Brands (NASDAQ:AOUT) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

Several other research analysts have also weighed in on AOUT. Lake Street Capital restated a “buy” rating and set a $19.00 target price (down from $20.00) on shares of American Outdoor Brands in a research report on Friday, June 27th. Wall Street Zen lowered shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, American Outdoor Brands presently has an average rating of “Hold” and an average price target of $19.00.

American Outdoor Brands Stock Down 0.2%

NASDAQ:AOUT opened at $8.68 on Monday. The firm’s fifty day simple moving average is $9.38 and its 200-day simple moving average is $10.66. The stock has a market cap of $109.89 million, a PE ratio of -23.46 and a beta of 0.39. American Outdoor Brands has a fifty-two week low of $8.10 and a fifty-two week high of $17.91.

Institutional Investors Weigh In On American Outdoor Brands

A number of large investors have recently added to or reduced their stakes in the business. Brandes Investment Partners LP grew its stake in American Outdoor Brands by 6.5% in the 2nd quarter. Brandes Investment Partners LP now owns 1,219,798 shares of the company’s stock valued at $12,747,000 after acquiring an additional 74,107 shares during the last quarter. Geode Capital Management LLC grew its stake in American Outdoor Brands by 104.7% in the 2nd quarter. Geode Capital Management LLC now owns 293,683 shares of the company’s stock valued at $3,070,000 after acquiring an additional 150,202 shares during the last quarter. Acadian Asset Management LLC grew its stake in American Outdoor Brands by 82.4% in the 1st quarter. Acadian Asset Management LLC now owns 157,704 shares of the company’s stock valued at $1,913,000 after acquiring an additional 71,229 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in American Outdoor Brands by 1.8% in the 2nd quarter. Bridgeway Capital Management LLC now owns 124,386 shares of the company’s stock valued at $1,300,000 after acquiring an additional 2,180 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in American Outdoor Brands by 307.6% in the 1st quarter. American Century Companies Inc. now owns 105,838 shares of the company’s stock valued at $1,287,000 after acquiring an additional 79,869 shares during the last quarter. 49.87% of the stock is owned by institutional investors and hedge funds.

About American Outdoor Brands

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.