American Outdoor Brands (NASDAQ:AOUT - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.
Several other research analysts have also weighed in on AOUT. Zacks Research lowered shares of American Outdoor Brands from a "hold" rating to a "strong sell" rating in a report on Monday, September 29th. Wall Street Zen downgraded shares of American Outdoor Brands from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Finally, Lake Street Capital reissued a "buy" rating and set a $19.00 target price (down previously from $20.00) on shares of American Outdoor Brands in a research report on Friday, June 27th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $19.00.
View Our Latest Stock Analysis on American Outdoor Brands
American Outdoor Brands Stock Up 1.7%
Shares of AOUT stock traded up $0.14 during trading hours on Wednesday, hitting $8.24. 90,423 shares of the company were exchanged, compared to its average volume of 82,182. The firm has a market cap of $104.32 million, a PE ratio of -22.27 and a beta of 0.30. American Outdoor Brands has a 1 year low of $7.95 and a 1 year high of $17.91. The firm has a fifty day moving average of $9.26 and a 200 day moving average of $10.48.
American Outdoor Brands announced that its board has initiated a share repurchase plan on Thursday, October 2nd that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 9.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.
Institutional Investors Weigh In On American Outdoor Brands
Hedge funds have recently added to or reduced their stakes in the stock. Brandes Investment Partners LP increased its holdings in shares of American Outdoor Brands by 6.5% during the second quarter. Brandes Investment Partners LP now owns 1,219,798 shares of the company's stock valued at $12,747,000 after purchasing an additional 74,107 shares during the period. Geode Capital Management LLC raised its position in American Outdoor Brands by 104.7% in the second quarter. Geode Capital Management LLC now owns 293,683 shares of the company's stock worth $3,070,000 after acquiring an additional 150,202 shares in the last quarter. 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 worth $1,913,000 after acquiring an additional 71,229 shares in the last quarter. Bridgeway Capital Management LLC raised its position in American Outdoor Brands by 1.8% in the second quarter. Bridgeway Capital Management LLC now owns 124,386 shares of the company's stock worth $1,300,000 after acquiring an additional 2,180 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in American Outdoor Brands by 307.6% in 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 in the last quarter. 49.87% of the stock is currently owned by institutional investors.
About American Outdoor Brands
(
Get Free Report)
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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