American Outdoor Brands (NASDAQ:AOUT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of American Outdoor Brands (NASDAQ:AOUT) from a sell rating to a hold rating in a research report sent to investors on Saturday.

A number of other equities research analysts have also issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Outdoor Brands in a report on Wednesday, October 8th. Lake Street Capital reiterated a “buy” rating and set a $19.00 target price (down from $20.00) on shares of American Outdoor Brands in a research report on Friday, June 27th. Finally, Zacks Research downgraded American Outdoor Brands from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $19.00.

American Outdoor Brands Price Performance

Shares of AOUT opened at $7.35 on Friday. American Outdoor Brands has a 1 year low of $7.18 and a 1 year high of $17.91. The company has a 50 day simple moving average of $8.75 and a two-hundred day simple moving average of $10.07. The firm has a market cap of $93.05 million, a P/E ratio of -19.86 and a beta of 0.30.

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

American Outdoor Brands announced that its Board of Directors has initiated a share repurchase program on Thursday, October 2nd that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 9.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of American Outdoor Brands

A number of institutional investors have recently bought and sold shares of the stock. State of Wyoming purchased a new stake in American Outdoor Brands in the second quarter worth $105,000. Bridgeway Capital Management LLC increased its stake 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 purchasing an additional 2,180 shares during the period. Bank of America Corp DE increased its stake in American Outdoor Brands by 505.6% in the second 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. Raymond James Financial Inc. purchased a new stake in American Outdoor Brands in the second quarter worth $64,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in American Outdoor Brands in the second quarter worth $70,000. 49.87% of the stock is currently 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.