Zacks Research Upgrades American Outdoor Brands (NASDAQ:AOUT) to “Strong-Buy”

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

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

American Outdoor Brands Price Performance

Shares of American Outdoor Brands stock opened at $12.29 on Tuesday. American Outdoor Brands has a 52-week low of $6.26 and a 52-week high of $13.78. The firm has a market capitalization of $153.75 million, a PE ratio of -16.84 and a beta of 0.27. The company’s fifty day moving average price is $9.89 and its two-hundred day moving average price is $9.18.

American Outdoor Brands (NASDAQ:AOUT) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $47.06 million during the quarter, compared to the consensus estimate of $48.44 million. Analysts predict that American Outdoor Brands will post 0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Outdoor Brands

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in American Outdoor Brands by 15.0% in the first quarter. Bank of America Corp DE now owns 10,989 shares of the company’s stock worth $103,000 after purchasing an additional 1,436 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of American Outdoor Brands by 73.7% in the first quarter. Royal Bank of Canada now owns 45,862 shares of the company’s stock valued at $428,000 after buying an additional 19,454 shares during the last quarter. Empowered Funds LLC lifted its position in American Outdoor Brands by 6.7% during the 1st quarter. Empowered Funds LLC now owns 36,706 shares of the company’s stock worth $343,000 after buying an additional 2,306 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in American Outdoor Brands by 1.6% during the 1st quarter. Gamco Investors INC. ET AL now owns 314,813 shares of the company’s stock worth $2,940,000 after acquiring an additional 5,000 shares during the last quarter. Finally, State of Wyoming acquired a new stake in American Outdoor Brands in the 1st quarter valued at about $149,000. 49.87% of the stock is 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.