American Outdoor Brands (NASDAQ:AOUT) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of American Outdoor Brands (NASDAQ:AOUT) from a hold rating to a strong sell rating in a research note issued to investors on Monday morning,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Lake Street Capital reiterated a “buy” rating and issued a $19.00 target price (down from $20.00) on shares of American Outdoor Brands in a research note on Friday, June 27th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $19.00.

American Outdoor Brands Price Performance

AOUT opened at $8.51 on Monday. American Outdoor Brands has a fifty-two week low of $8.10 and a fifty-two week high of $17.91. The firm has a market capitalization of $107.74 million, a P/E ratio of -23.00 and a beta of 0.31. The company’s 50-day moving average is $9.36 and its 200 day moving average is $10.64.

Institutional Investors Weigh In On American Outdoor Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of AOUT. First Horizon Advisors Inc. boosted its holdings in shares of American Outdoor Brands by 170.7% in the second quarter. First Horizon Advisors Inc. now owns 2,547 shares of the company’s stock worth $27,000 after acquiring an additional 1,606 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new stake in American Outdoor Brands during the 2nd quarter worth about $27,000. Bank of America Corp DE boosted its stake in American Outdoor Brands by 505.6% in the 2nd quarter. Bank of America Corp DE now owns 5,372 shares of the company’s stock worth $56,000 after purchasing an additional 4,485 shares during the period. JPMorgan Chase & Co. boosted its stake in American Outdoor Brands by 4,535.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,934 shares of the company’s stock worth $62,000 after purchasing an additional 5,806 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in American Outdoor Brands during the 2nd quarter valued at about $64,000. Institutional investors own 49.87% of the company’s stock.

About American Outdoor Brands

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.