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 report issued on Wednesday, Zacks reports.

AOUT has been the topic of several other research reports. Wall Street Zen raised American Outdoor Brands from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of American Outdoor Brands in a research report on Monday. Lake Street Capital restated a “buy” rating and set a $16.00 price target on shares of American Outdoor Brands in a research note on Friday, September 4th. Finally, Roth Capital reaffirmed 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

American Outdoor Brands Stock Up 3.1%

Shares of AOUT opened at $17.03 on Wednesday. The company has a market capitalization of $214.92 million, a price-to-earnings ratio of -54.94 and a beta of 0.27. American Outdoor Brands has a 52-week low of $6.26 and a 52-week high of $17.31. The stock has a 50 day moving average price of $13.14 and a 200 day moving average price of $11.15.

American Outdoor Brands (NASDAQ:AOUT) last issued its earnings results 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. 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 during the quarter, compared to analysts’ expectations of $35.64 million. On average, equities analysts anticipate that American Outdoor Brands will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On American Outdoor Brands

Large investors have recently modified their holdings of the stock. Brandes Investment Partners LP grew its position in American Outdoor Brands by 6.6% in the 4th quarter. Brandes Investment Partners LP now owns 1,887,645 shares of the company’s stock valued at $14,591,000 after buying an additional 116,971 shares during the last quarter. Gamco Investors INC. ET AL raised its position 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 buying an additional 5,000 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of American Outdoor Brands in the 2nd quarter worth $3,270,000. Corient Private Wealth LLC lifted its stake in shares of American Outdoor Brands by 422.9% in the 4th quarter. Corient Private Wealth LLC now owns 169,000 shares of the company’s stock worth $1,306,000 after acquiring an additional 136,680 shares during the period. Finally, Ancora Advisors LLC purchased a new stake in shares of American Outdoor Brands in the second quarter valued at about $1,043,000. Hedge funds and other institutional investors own 49.87% of the company’s stock.

American Outdoor Brands Company Profile

American Outdoor Brands, Inc is an outdoor products company that develops, manufactures and sells equipment and accessories for shooting, hunting, fishing, camping and other outdoor activities. Its product portfolio includes shooting accessories, optics and mounts, knives and tools, game-processing equipment, hunting gear, fishing products, coolers and camping accessories.

The company markets its products under a portfolio of recognized outdoor brands, including Caldwell, Crimson Trace, BOG, Old Timer, Schrade, UST and Hooyman.