American Outdoor Brands (NASDAQ:AOUT) Stock Moved Up to Strong-Buy by Zacks Research

American Outdoor Brands (NASDAQ:AOUT) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday, Zacks reports.

AOUT has been the topic of a number of other research reports. Lake Street Capital reiterated a “buy” rating and set a $16.00 target price on shares of American Outdoor Brands in a report on Friday, September 4th. Wall Street Zen upgraded American Outdoor Brands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 5th. Roth Capital reaffirmed a “buy” rating and issued a $17.00 price target (up from $13.50) on shares of American Outdoor Brands in a research note on Friday, September 4th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Outdoor Brands in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

American Outdoor Brands Trading Up 3.1%

NASDAQ:AOUT opened at $17.03 on Wednesday. American Outdoor Brands has a 12 month low of $6.26 and a 12 month high of $17.31. The company has a 50-day moving average price of $13.14 and a 200-day moving average price of $11.15. The stock has a market cap of $214.92 million, a price-to-earnings ratio of -54.94 and a beta of 0.27.

American Outdoor Brands (NASDAQ:AOUT) last released its quarterly earnings results 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. American Outdoor Brands had a negative net margin of 1.97% and a positive return on equity of 2.88%. The company had revenue of $37.25 million during the quarter, compared to the consensus estimate of $35.64 million. Equities analysts forecast that American Outdoor Brands will post 0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On American Outdoor Brands

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp bought a new stake in shares of American Outdoor Brands in the 1st quarter worth approximately $30,000. Fidelis Capital Partners LLC bought a new position in American Outdoor Brands during the 4th quarter valued at approximately $83,000. Bank of America Corp DE increased its position in 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 buying an additional 1,436 shares in the last quarter. Walleye Capital LLC purchased a new position in American Outdoor Brands during the second quarter valued at $145,000. Finally, State of Wyoming purchased a new position in American Outdoor Brands during the first quarter valued at $149,000. Institutional investors own 49.87% of the company’s stock.

American Outdoor Brands Company Profile

American Outdoor Brands, Inc is an outdoor products company that develops, manufactures and sells equipment and accessories for shooting, hunting, fishing, camping and other outdoor activities. Its product portfolio includes shooting accessories, optics and mounts, knives and tools, game-processing equipment, hunting gear, fishing products, coolers and camping accessories.

The company markets its products under a portfolio of recognized outdoor brands, including Caldwell, Crimson Trace, BOG, Old Timer, Schrade, UST and Hooyman.