American Outdoor Brands (NASDAQ:AOUT) Stock Lifted to Strong-Buy by Wall Street Zen

Key Points

• Wall Street Zen upgraded American Outdoor Brands to “strong buy” from “buy.” MarketBeat reports a consensus “moderate buy” rating and an average price target of $18.33, although analyst opinions include one “sell” rating.
• The stock opened at $17.35, near its 52-week high of $18.47, with its 50-day and 200-day moving averages at $14.86 and $12.35, respectively.
• American Outdoor Brands exceeded quarterly expectations, reporting $0.03 in EPS versus the estimated loss of $0.24 and revenue of $37.25 million versus the $35.64 million consensus. Institutional investors own approximately 49.87% of the company.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Sunday, Wall Street Zen reports.

A number of other brokerages also recently commented on AOUT. Lake Street Capital restated 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 reaffirmed 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. LADENBURG THALM/SH SH assumed coverage on American Outdoor Brands in a report on Tuesday, October 13th. They set a "buy" rating and a $22.00 price target for the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of American Outdoor Brands in a report on Monday, September 21st. Finally, Zacks Research raised American Outdoor Brands from a "hold" rating to a "strong-buy" rating in a research note 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $18.33.

American Outdoor Brands Stock Performance

American Outdoor Brands stock opened at $17.35 on Friday. The stock's 50 day moving average price is $14.86 and its 200 day moving average price is $12.35. American Outdoor Brands has a one year low of $6.26 and a one year high of $18.47. The firm has a market capitalization of $218.96 million, a PE ratio of -55.97 and a beta of 0.15.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $35.64 million. On average, analysts forecast that American Outdoor Brands will post 0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fifth Third Bancorp bought a new stake in American Outdoor Brands in the first quarter worth $30,000. Bank of America Corp DE raised its holdings in American Outdoor Brands by 15.0% during the first quarter. Bank of America Corp DE now owns 10,989 shares of the company's stock valued at $103,000 after buying an additional 1,436 shares in the last quarter. Walleye Capital LLC bought a new position in American Outdoor Brands during the second quarter valued at about $145,000. Bank of New York Mellon Corp bought a new position in American Outdoor Brands during the second quarter valued at about $169,000. Finally, State of Wyoming acquired a new stake in shares of American Outdoor Brands in the first quarter worth about $149,000. 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.

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