American Outdoor Brands (NASDAQ:AOUT) Stock Rated “Buy” in New Coverage at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH began coverage on shares of American Outdoor Brands (NASDAQ:AOUT) in a research report report published on Tuesday morning, Marketbeat reports. The firm issued a buy rating and a $22.00 price target on the stock.

A number of other research analysts also recently weighed in on the stock. Roth Capital reissued a “buy” rating and set a $17.00 target price (up from $13.50) on shares of American Outdoor Brands in a research report on Friday, September 4th. Wall Street Zen upgraded shares of American Outdoor Brands from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Outdoor Brands in a report on Monday, September 21st. Zacks Research raised shares of American Outdoor Brands from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 23rd. Finally, Lake Street Capital reiterated a “buy” rating and issued a $16.00 price objective on shares of American Outdoor Brands in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, American Outdoor Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.33.

American Outdoor Brands Stock Performance

AOUT opened at $17.76 on Tuesday. The firm has a market cap of $224.13 million, a P/E ratio of -57.29 and a beta of 0.15. The firm has a 50-day moving average of $14.27 and a 200 day moving average of $12.01. American Outdoor Brands has a fifty-two week low of $6.26 and a fifty-two week high of $17.83.

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

Hedge Funds Weigh In On American Outdoor Brands

Large investors have recently modified their holdings of the business. Fifth Third Bancorp bought a new stake in shares of American Outdoor Brands in the first quarter valued at approximately $30,000. Bank of America Corp DE boosted its holdings in American Outdoor Brands by 15.0% in the 1st quarter. Bank of America Corp DE now owns 10,989 shares of the company’s stock worth $103,000 after buying an additional 1,436 shares during the period. Walleye Capital LLC bought a new position in American Outdoor Brands in the 2nd quarter worth approximately $145,000. State of Wyoming purchased a new position in American Outdoor Brands in the 1st quarter valued at approximately $149,000. Finally, Bank of New York Mellon Corp purchased a new position in American Outdoor Brands in the 2nd quarter valued at approximately $169,000. Hedge funds and other institutional investors own 49.87% of the company’s stock.

About American Outdoor Brands

American Outdoor Brands, Inc (NASDAQ: AOUT) develops and markets outdoor and shooting products for hunting, fishing, camping, shooting sports, and related recreational activities. Its offerings include tools, equipment, accessories, and other consumer products designed for outdoor enthusiasts, sportsmen, and recreational users.

The company sells products under a portfolio of brands that includes BOG, Caldwell, Frankford Arsenal, Hooyman, Old Timer, Schrade, UST, and Wheeler, among others.