American Outdoor Brands (NASDAQ:AOUT) Stock Dropped to Hold by Zacks Research

Zacks Research lowered shares of American Outdoor Brands (NASDAQ:AOUT) from a strong-buy rating to a hold rating in a research report released on Tuesday morning,Zacks reports.

AOUT has been the topic of several other reports. Wall Street Zen raised American Outdoor Brands from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 25th. Lake Street Capital restated a “buy” rating and set a $16.00 price target on shares of American Outdoor Brands in a report on Friday, September 4th. LADENBURG THALM/SH SH assumed coverage on American Outdoor Brands in a report on Tuesday, October 13th. They set a “buy” rating and a $22.00 price target for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Outdoor Brands in a report on Monday, September 21st. Finally, Roth Capital reaffirmed a “buy” rating and set a $17.00 price objective (up from $13.50) on shares of American Outdoor Brands in a report on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.33.

American Outdoor Brands Stock Performance

Shares of NASDAQ AOUT opened at $17.92 on Tuesday. The company has a market cap of $226.15 million, a P/E ratio of -57.81 and a beta of 0.17. The firm’s fifty day moving average is $15.88 and its two-hundred day moving average is $11.66. American Outdoor Brands has a 52-week low of $6.26 and a 52-week high of $19.50.

American Outdoor Brands (NASDAQ:AOUT) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.03 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 business had revenue of $37.25 million for the quarter, compared to analysts’ expectations of $35.64 million. As a group, analysts forecast that American Outdoor Brands will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On American Outdoor Brands

Institutional investors have recently made changes to their positions in the company. Gamco Investors INC. ET AL boosted its position in shares of American Outdoor Brands by 1.6% during the first quarter. Gamco Investors INC. ET AL now owns 314,813 shares of the company’s stock valued at $2,940,000 after buying an additional 5,000 shares during the period. BlackRock Inc. purchased a new position in shares of American Outdoor Brands during the second quarter valued at $3,270,000. Ancora Advisors LLC purchased a new stake in American Outdoor Brands in the second quarter worth about $1,043,000. Susquehanna International Group LLP lifted its stake in American Outdoor Brands by 357.0% in the second quarter. Susquehanna International Group LLP now owns 74,844 shares of the company’s stock worth $879,000 after acquiring an additional 58,466 shares during the period. Finally, Royal Bank of Canada lifted its stake in American Outdoor Brands by 73.7% in the first quarter. Royal Bank of Canada now owns 45,862 shares of the company’s stock worth $428,000 after acquiring an additional 19,454 shares during the period. 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.