American Outdoor Brands (NASDAQ:AOUT) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded American Outdoor Brands from “strong buy” to “hold.” Analyst views are mixed, with MarketBeat reporting a consensus “hold” rating and an average price target of $18.33.
• Other recent ratings included buy recommendations from Lake Street Capital, Roth Capital, and Ladenburg Thalm/SH SH, while Weiss Ratings assigned a sell rating.
• In its latest reported quarter, the company earned $0.03 per share, beating the consensus estimate of a $0.24 loss, and reported $37.25 million in revenue versus expectations of $35.64 million.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Tuesday, Zacks reports.

Several other equities analysts also recently commented on AOUT. Lake Street Capital reissued a "buy" rating and issued a $16.00 target price on shares of American Outdoor Brands in a report on Friday, September 4th. Roth Capital reaffirmed a "buy" rating and set a $17.00 target price (up from $13.50) on shares of American Outdoor Brands in a research note on Friday, September 4th. Wall Street Zen upgraded shares of American Outdoor Brands from a "buy" rating to a "strong-buy" rating in a report on Sunday, October 25th. Weiss Ratings reiterated a "sell (d-)" rating on shares of American Outdoor Brands in a research note on Monday, September 21st. Finally, LADENBURG THALM/SH SH assumed coverage on shares of American Outdoor Brands in a research note on Tuesday, October 13th. They issued a "buy" rating and a $22.00 price target on the stock. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, American Outdoor Brands presently has a consensus rating of "Hold" and an average target price of $18.33.

American Outdoor Brands Trading Down 0.8%

Shares of AOUT opened at $17.92 on Tuesday. The business's 50 day moving average is $15.88 and its 200 day moving average is $11.66. The company 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 12-month low of $6.26 and a 12-month high of $19.50.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.24) by $0.27. American Outdoor Brands had a positive return on equity of 2.88% and a negative net margin of 1.97%. The company had revenue of $37.25 million for the quarter, compared to analysts' expectations of $35.64 million. Equities research analysts predict that American Outdoor Brands will post 0.47 earnings per share for the current year.

Institutional Investors Weigh In On American Outdoor Brands

Several institutional investors have recently modified their holdings of the stock. State of Wyoming boosted its stake in American Outdoor Brands by 41.5% during the third quarter. State of Wyoming now owns 32,993 shares of the company's stock worth $534,000 after buying an additional 9,679 shares during the period. Farther Finance Advisors LLC raised its stake in shares of American Outdoor Brands by 17,520.0% in the third quarter. Farther Finance Advisors LLC now owns 18,501 shares of the company's stock valued at $300,000 after acquiring an additional 18,396 shares during the period. Susquehanna International Group LLP raised its stake in shares of American Outdoor Brands by 357.0% in the second quarter. Susquehanna International Group LLP now owns 74,844 shares of the company's stock valued at $879,000 after acquiring an additional 58,466 shares during the period. Empowered Funds LLC bought a new stake in shares of American Outdoor Brands in the 2nd quarter worth about $431,000. Finally, Ancora Advisors LLC bought a new stake in shares of American Outdoor Brands in the 2nd quarter worth about $1,043,000. 49.87% of the stock is owned by institutional investors.

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.

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