American Outdoor Brands (NASDAQ:AOUT) Stock Gets Downgrade from Zacks Research

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

A number of other analysts also recently issued reports on AOUT. Lake Street Capital reaffirmed a “buy” rating and issued a $16.00 target price on shares of American Outdoor Brands in a research note on Friday, September 4th. Roth Capital reissued a “buy” rating and set a $17.00 price target (up from $13.50) on shares of American Outdoor Brands in a research report on Friday, September 4th. LADENBURG THALM/SH SH started coverage on shares of American Outdoor Brands in a report on Tuesday, October 13th. They issued a “buy” rating and a $22.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of American Outdoor Brands in a research report on Monday, September 21st. Finally, Wall Street Zen raised shares of American Outdoor Brands from a “buy” rating to a “strong-buy” rating in a research note on Sunday, October 25th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, American Outdoor Brands presently has an average rating of “Hold” and a consensus target price of $18.33.

American Outdoor Brands Price Performance

AOUT stock opened at $17.92 on Tuesday. The business has a 50 day simple moving average of $15.88 and a 200-day simple moving average of $11.66. The firm has a market capitalization of $226.15 million, a PE ratio of -57.81 and a beta of 0.17. American Outdoor Brands has a 1 year low of $6.26 and a 1 year high of $19.50.

American Outdoor Brands (NASDAQ:AOUT) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.27. The firm had revenue of $37.25 million for the quarter, compared to the consensus estimate of $35.64 million. American Outdoor Brands had a positive return on equity of 2.88% and a negative net margin of 1.97%. On average, equities research analysts expect that American Outdoor Brands will post 0.47 EPS for the current year.

Institutional Investors Weigh In On American Outdoor Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position 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 valued at $103,000 after purchasing an additional 1,436 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of American Outdoor Brands by 5.1% in the 1st quarter. Bank of New York Mellon Corp now owns 33,530 shares of the company’s stock valued at $313,000 after purchasing an additional 1,641 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of American Outdoor Brands by 6.7% in the 1st quarter. Empowered Funds LLC now owns 36,706 shares of the company’s stock valued at $343,000 after purchasing an additional 2,306 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of American Outdoor Brands during the 1st quarter worth $30,000. Finally, Gamco Investors INC. ET AL grew its holdings in shares of 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 purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds 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.