American Outdoor Brands (NASDAQ:AOUT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of American Outdoor Brands (NASDAQ:AOUT) from a sell rating to a hold rating in a report published on Saturday.

A number of other brokerages have also recently commented on AOUT. Weiss Ratings restated a “sell (d-)” rating on shares of American Outdoor Brands in a research note on Wednesday, October 8th. Lake Street Capital reduced their price target on American Outdoor Brands from $19.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, December 10th. Finally, Zacks Research lowered shares of American Outdoor Brands from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $14.00.

American Outdoor Brands Price Performance

American Outdoor Brands stock opened at $7.70 on Friday. The company has a market cap of $96.92 million, a price-to-earnings ratio of -17.11 and a beta of 0.44. American Outdoor Brands has a 12 month low of $6.26 and a 12 month high of $17.91. The stock’s 50-day moving average is $7.15 and its 200-day moving average is $8.94.

American Outdoor Brands (NASDAQ:AOUT) last posted its earnings results on Tuesday, April 18th. The company reported $0.52 earnings per share (EPS) for the quarter. The firm had revenue of $70.11 million during the quarter. American Outdoor Brands had a negative net margin of 2.69% and a positive return on equity of 1.25%. Research analysts anticipate that American Outdoor Brands will post 0.36 EPS for the current year.

American Outdoor Brands declared that its Board of Directors has approved a stock repurchase program on Thursday, October 2nd that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 9.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Trading of American Outdoor Brands

Several institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings in shares of American Outdoor Brands by 3.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 38,852 shares of the company’s stock valued at $406,000 after acquiring an additional 1,296 shares during the last quarter. White Pine Capital LLC boosted its holdings in American Outdoor Brands by 1.9% in the second quarter. White Pine Capital LLC now owns 69,475 shares of the company’s stock worth $726,000 after purchasing an additional 1,322 shares during the period. First Horizon Advisors Inc. increased its stake in American Outdoor Brands by 170.7% during the second quarter. First Horizon Advisors Inc. now owns 2,547 shares of the company’s stock valued at $27,000 after purchasing an additional 1,606 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of American Outdoor Brands by 8.4% during the first quarter. Empowered Funds LLC now owns 25,399 shares of the company’s stock worth $309,000 after purchasing an additional 1,972 shares during the period. Finally, Bridgeway Capital Management LLC raised its holdings in shares of American Outdoor Brands by 1.8% during the second quarter. Bridgeway Capital Management LLC now owns 124,386 shares of the company’s stock worth $1,300,000 after purchasing an additional 2,180 shares during the period. Institutional investors and hedge funds own 49.87% of the company’s stock.

American Outdoor Brands Company Profile

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.