American Outdoor Brands (NASDAQ:AOUT) Rating Lowered to "Hold" at Wall Street Zen

Wall Street Zen lowered shares of American Outdoor Brands (NASDAQ:AOUT - Free Report) from a buy rating to a hold rating in a report released on Saturday.

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

American Outdoor Brands Stock Performance

AOUT traded down $0.25 during midday trading on Friday, hitting $10.17. The stock had a trading volume of 108,483 shares, compared to its average volume of 64,986. American Outdoor Brands has a 1 year low of $8.11 and a 1 year high of $17.91. The business has a fifty day moving average of $11.49 and a 200 day moving average of $13.33. The company has a market cap of $129.77 million, a P/E ratio of -1,015.98 and a beta of 0.39.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last announced its quarterly earnings data on Thursday, June 26th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.15. American Outdoor Brands had a negative net margin of 0.03% and a positive return on equity of 4.13%. The firm had revenue of $61.94 million during the quarter, compared to analyst estimates of $48.46 million. On average, equities research analysts anticipate that American Outdoor Brands will post 0.36 earnings per share for the current year.

Hedge Funds Weigh In On American Outdoor Brands

Hedge funds and other institutional investors have recently modified their holdings of the company. Atria Investments Inc grew its stake in shares of American Outdoor Brands by 11.3% in the fourth quarter. Atria Investments Inc now owns 51,289 shares of the company's stock worth $782,000 after purchasing an additional 5,219 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in American Outdoor Brands by 272.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,137 shares of the company's stock valued at $703,000 after purchasing an additional 33,747 shares during the period. Brandes Investment Partners LP raised its holdings in American Outdoor Brands by 12.8% in the 4th quarter. Brandes Investment Partners LP now owns 933,450 shares of the company's stock worth $14,226,000 after purchasing an additional 105,951 shares in the last quarter. Royce & Associates LP lifted its position in shares of American Outdoor Brands by 39.8% in the 4th quarter. Royce & Associates LP now owns 567,752 shares of the company's stock worth $8,653,000 after purchasing an additional 161,751 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of American Outdoor Brands during the 4th quarter valued at about $162,000. 49.87% of the stock is owned by institutional investors.

American Outdoor Brands Company Profile

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.