Outdoor (NASDAQ:POWW) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research has upgraded Outdoor's stock rating from "strong sell" to "hold," indicating a more positive outlook.
• Various research firms have been active with Outdoor, with Lake Street Capital lowering its price target from $3.00 to $2.00 while maintaining a "buy" rating.
• As of now, the consensus rating for Outdoor is "hold," with a consensus price target of $1.75 based on multiple analysts' evaluations.

Outdoor (NASDAQ:POWW - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued on Monday,Zacks.com reports.

POWW has been the subject of several other research reports. Lake Street Capital decreased their price target on Outdoor from $3.00 to $2.00 and set a "buy" rating for the company in a research note on Monday, June 23rd. Wall Street Zen upgraded Outdoor from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $1.75.

Outdoor Price Performance

Shares of NASDAQ:POWW opened at $1.47 on Monday. The stock has a market capitalization of $172.15 million, a P/E ratio of -3.20 and a beta of 1.10. The business has a 50-day moving average of $1.27 and a two-hundred day moving average of $1.48. Outdoor has a fifty-two week low of $0.95 and a fifty-two week high of $2.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.28 and a quick ratio of 3.28.

Hedge Funds Weigh In On Outdoor

A number of institutional investors have recently made changes to their positions in the business. Bridgeway Capital Management LLC increased its stake in shares of Outdoor by 5.6% in the second quarter. Bridgeway Capital Management LLC now owns 978,624 shares of the company's stock worth $1,253,000 after purchasing an additional 52,122 shares during the period. AWH Capital L.P. acquired a new stake in Outdoor during the second quarter worth about $634,000. Jane Street Group LLC grew its position in Outdoor by 190.5% during the second quarter. Jane Street Group LLC now owns 432,449 shares of the company's stock worth $554,000 after buying an additional 283,594 shares in the last quarter. Geode Capital Management LLC grew its position in Outdoor by 0.6% during the second quarter. Geode Capital Management LLC now owns 2,134,270 shares of the company's stock worth $2,733,000 after buying an additional 11,729 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in Outdoor by 5.5% during the second quarter. First Eagle Investment Management LLC now owns 1,919,370 shares of the company's stock worth $2,457,000 after buying an additional 99,500 shares in the last quarter. 26.40% of the stock is currently owned by institutional investors.

Outdoor Company Profile

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms.

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