American Outdoor Brands (NASDAQ:AOUT) Stock Rating Upgraded by Zacks Research

American Outdoor Brands (NASDAQ:AOUT) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

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

American Outdoor Brands Stock Performance

Shares of NASDAQ:AOUT opened at $12.29 on Tuesday. The business has a fifty day moving average of $9.89 and a 200-day moving average of $9.18. American Outdoor Brands has a twelve month low of $6.26 and a twelve month high of $13.78. The firm has a market cap of $153.75 million, a PE ratio of -16.84 and a beta of 0.27.

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

Institutional Trading of American Outdoor Brands

A number of hedge funds have recently modified their holdings of the company. Fifth Third Bancorp bought a new position in American Outdoor Brands during the 1st quarter worth approximately $30,000. Comerica Bank raised its holdings in American Outdoor Brands by 203.6% in 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 boosted its position in shares of 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 purchasing an additional 4,485 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of American Outdoor Brands by 4,535.9% in the 2nd 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 in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in American Outdoor Brands during the 2nd quarter worth $64,000. 49.87% of the stock is currently owned by institutional investors and hedge funds.

About American Outdoor Brands

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.