Weiss Ratings Reaffirms Sell (D-) Rating for American Outdoor Brands (NASDAQ:AOUT)

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for American Outdoor Brands (NASDAQ:AOUT), highlighting concerns over the company's stock performance.
• Several other analysts have varied ratings, with Zacks Research downgrading the stock from "hold" to "strong sell," while Lake Street Capital set a price objective of $19.00.
• American Outdoor Brands has authorized a $10 million stock repurchase plan, indicating that its board believes the shares are currently undervalued.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report)'s stock had its "sell (d-)" rating reiterated by investment analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Other research analysts have also issued reports about the company. Wall Street Zen lowered American Outdoor Brands from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Zacks Research downgraded shares of American Outdoor Brands from a "hold" rating to a "strong sell" rating in a research report on Monday, September 29th. Finally, Lake Street Capital reissued a "buy" rating and issued a $19.00 price objective (down from $20.00) on shares of American Outdoor Brands in a research note on Friday, June 27th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, American Outdoor Brands presently has a consensus rating of "Reduce" and an average target price of $19.00.

American Outdoor Brands Stock Performance

Shares of AOUT stock traded up $0.09 on Friday, reaching $7.62. 23,690 shares of the company were exchanged, compared to its average volume of 82,151. The business has a 50-day moving average price of $8.83 and a 200 day moving average price of $10.13. American Outdoor Brands has a 1 year low of $7.18 and a 1 year high of $17.91. The company has a market cap of $96.41 million, a price-to-earnings ratio of -20.58 and a beta of 0.30.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last released its quarterly earnings data on Tuesday, April 18th. The company reported $0.52 EPS for the quarter. The company had revenue of $70.11 million during the quarter. American Outdoor Brands had a negative net margin of 2.16% and a positive return on equity of 2.00%. As a group, equities analysts anticipate that American Outdoor Brands will post 0.36 earnings per share for the current year.

American Outdoor Brands announced that its board has authorized a stock repurchase plan on Thursday, October 2nd that allows the company to buyback $10.00 million in shares. This buyback authorization allows the company to reacquire up to 9.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Institutional Trading of American Outdoor Brands

A number of institutional investors have recently added to or reduced their stakes in the business. State of Wyoming bought a new stake in shares of American Outdoor Brands in the 2nd quarter valued at approximately $105,000. Bridgeway Capital Management LLC lifted its stake in shares of American Outdoor Brands by 1.8% during the 2nd quarter. Bridgeway Capital Management LLC now owns 124,386 shares of the company's stock worth $1,300,000 after buying an additional 2,180 shares during the last quarter. Bank of America Corp DE increased its position in American Outdoor Brands by 505.6% during the second quarter. Bank of America Corp DE now owns 5,372 shares of the company's stock worth $56,000 after acquiring an additional 4,485 shares during the period. Raymond James Financial Inc. bought a new position in American Outdoor Brands in the 2nd quarter valued at about $64,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in American Outdoor Brands in the second quarter valued at about $70,000. 49.87% of the stock is currently owned by institutional investors and hedge funds.

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.

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