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

Wall Street Zen upgraded shares of American Outdoor Brands (NASDAQ:AOUT) from a buy rating to a strong-buy rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

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

American Outdoor Brands Price Performance

AOUT opened at $17.98 on Friday. American Outdoor Brands has a 12-month low of $6.26 and a 12-month high of $18.47. The business’s fifty day simple moving average is $15.05 and its 200-day simple moving average is $11.40.

American Outdoor Brands (NASDAQ:AOUT) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.27. The business had revenue of $37.25 million for the quarter, compared to analysts’ expectations of $35.64 million. Equities 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

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of American Outdoor Brands during the 2nd quarter worth about $3,270,000. Corient Private Wealth LLC lifted its stake in American Outdoor Brands by 422.9% in the 4th quarter. Corient Private Wealth LLC now owns 169,000 shares of the company’s stock valued at $1,306,000 after buying an additional 136,680 shares in the last quarter. Ancora Advisors LLC acquired a new stake in American Outdoor Brands in the 2nd quarter worth about $1,043,000. Susquehanna International Group LLP boosted its holdings in American Outdoor Brands by 357.0% in the 2nd quarter. Susquehanna International Group LLP now owns 74,844 shares of the company’s stock worth $879,000 after buying an additional 58,466 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in American Outdoor Brands in the 2nd quarter worth about $431,000. Hedge funds and other institutional investors own 49.87% of the company’s stock.

American Outdoor Brands Company Profile

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.