American Outdoor Brands (NASDAQ:AOUT) Rating Increased to Buy at Wall Street Zen

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Separately, Lake Street Capital reiterated a "buy" rating and issued a $19.00 price objective (down from $20.00) on shares of American Outdoor Brands in a research report on Friday, June 27th.

American Outdoor Brands Stock Up 1.8%

NASDAQ AOUT opened at $9.68 on Friday. The business's fifty day simple moving average is $10.89 and its 200-day simple moving average is $12.83. The firm has a market cap of $123.50 million, a PE ratio of -967.03 and a beta of 0.39. American Outdoor Brands has a 52 week low of $8.11 and a 52 week high of $17.91.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last posted its earnings results on Thursday, June 26th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.15. The company had revenue of $61.94 million for the quarter, compared to analyst estimates of $48.46 million. American Outdoor Brands had a negative net margin of 0.03% and a positive return on equity of 4.13%. Research analysts expect that American Outdoor Brands will post 0.36 EPS for the current year.

Institutional Trading of American Outdoor Brands

Institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP acquired a new stake in shares of American Outdoor Brands during the fourth quarter valued at about $1,263,000. American Century Companies Inc. boosted its position in shares of American Outdoor Brands by 307.6% during the 1st quarter. American Century Companies Inc. now owns 105,838 shares of the company's stock worth $1,287,000 after purchasing an additional 79,869 shares during the period. EAM Investors LLC acquired a new stake in American Outdoor Brands in the 4th quarter valued at approximately $1,122,000. Acadian Asset Management LLC raised its position in American Outdoor Brands by 82.4% in the first quarter. Acadian Asset Management LLC now owns 157,704 shares of the company's stock valued at $1,913,000 after purchasing an additional 71,229 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in American Outdoor Brands by 22.3% during the fourth quarter. Renaissance Technologies LLC now owns 331,768 shares of the company's stock worth $5,056,000 after purchasing an additional 60,600 shares in the last quarter. 49.87% of the stock is currently owned by hedge funds and other institutional investors.

About American Outdoor Brands

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.

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