American Outdoor Brands (NASDAQ:AOUT) Stock Rating Upgraded by Wall Street Zen

American Outdoor Brands (NASDAQ:AOUT) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Sunday, Wall Street Zen reports.

A number of other analysts also recently issued reports on AOUT. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Outdoor Brands in a report on Monday, September 21st. LADENBURG THALM/SH SH assumed coverage on shares of American Outdoor Brands in a report on Tuesday, October 13th. They set a “buy” rating and a $22.00 price objective for the company. Zacks Research upgraded shares of American Outdoor Brands from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 23rd. Lake Street Capital restated a “buy” rating and set a $16.00 price objective on shares of American Outdoor Brands in a research report on Friday, September 4th. Finally, Roth Capital restated a “buy” rating and issued a $17.00 target price (up from $13.50) on shares of American Outdoor Brands in a report on Friday, September 4th. 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.33.

American Outdoor Brands Stock Performance

NASDAQ:AOUT opened at $18.02 on Friday. The firm has a market cap of $227.41 million, a P/E ratio of -58.13 and a beta of 0.15. American Outdoor Brands has a fifty-two week low of $6.26 and a fifty-two week high of $18.47. The firm has a 50-day simple moving average of $14.93 and a two-hundred day simple moving average of $11.35.

American Outdoor Brands (NASDAQ:AOUT) last issued its earnings results on Thursday, September 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $37.25 million for the quarter, compared to the consensus estimate of $35.64 million. On average, equities research analysts predict that American Outdoor Brands will post 0.47 EPS for the current year.

Institutional Trading of American Outdoor Brands

Several hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its position in American Outdoor Brands by 17,520.0% in the third quarter. Farther Finance Advisors LLC now owns 18,501 shares of the company’s stock worth $300,000 after buying an additional 18,396 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of American Outdoor Brands by 357.0% during the 2nd quarter. Susquehanna International Group LLP now owns 74,844 shares of the company’s stock valued at $879,000 after buying an additional 58,466 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of American Outdoor Brands during the 2nd quarter valued at about $431,000. Ancora Advisors LLC purchased a new position in shares of American Outdoor Brands during the 2nd quarter valued at about $1,043,000. Finally, Sanctuary Advisors LLC bought a new position in shares of American Outdoor Brands during the 2nd quarter valued at approximately $425,000. Institutional investors own 49.87% of the company’s stock.

About American Outdoor Brands

American Outdoor Brands, Inc (NASDAQ:AOUT) develops and sells products for shooting, hunting, fishing, camping, outdoor recreation, and outdoor cooking. Its portfolio includes shooting accessories, firearm maintenance and storage products, hunting tools, knives, fishing equipment, camping gear, grills, and related outdoor products.

The company markets its products under a collection of brands, including Caldwell, Frankford Arsenal, Hooyman, BOG, Schrade, Old Timer, Tipton, Grilla Grills, and MEAT!, among others.