American Outdoor Brands, Inc. (NASDAQ:AOUT) Stock Rated “Hold” by Wall Street Analysts

Shares of American Outdoor Brands, Inc. (NASDAQ:AOUT) have been assigned a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $18.33.

A number of equities research analysts have weighed in on AOUT shares. Lake Street Capital reissued a “buy” rating and set a $16.00 target price on shares of American Outdoor Brands in a report on Friday, September 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of American Outdoor Brands in a report on Monday, September 21st. Roth Capital restated a “buy” rating and set a $17.00 price objective (up from $13.50) on shares of American Outdoor Brands in a report on Friday, September 4th. Zacks Research lowered shares of American Outdoor Brands from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, LADENBURG THALM/SH SH started coverage on American Outdoor Brands in a research note on Tuesday, October 13th. They issued a “buy” rating and a $22.00 target price for the company.

American Outdoor Brands Stock Up 0.3%

AOUT opened at $17.31 on Friday. American Outdoor Brands has a 52 week low of $6.26 and a 52 week high of $19.50. The stock’s fifty day moving average is $16.15 and its two-hundred day moving average is $11.74. The company has a market capitalization of $218.45 million, a P/E ratio of -55.84 and a beta of 0.17.

American Outdoor Brands (NASDAQ:AOUT) last released its quarterly earnings results on Thursday, September 3rd. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.24) by $0.27. American Outdoor Brands had a negative net margin of 1.97% and a positive return on equity of 2.88%. The firm had revenue of $37.25 million during the quarter, compared to the consensus estimate of $35.64 million. Equities analysts anticipate that American Outdoor Brands will post 0.47 earnings per share for the current year.

Hedge Funds Weigh In On American Outdoor Brands

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of American Outdoor Brands in the 2nd quarter valued at about $3,270,000. Susquehanna International Group LLP raised its holdings in shares of American Outdoor Brands by 357.0% during the 2nd quarter. Susquehanna International Group LLP now owns 74,844 shares of the company’s stock valued at $879,000 after buying an additional 58,466 shares in the last quarter. Ancora Advisors LLC bought a new position in American Outdoor Brands during the second quarter valued at approximately $1,043,000. Empowered Funds LLC bought a new position in American Outdoor Brands during the second quarter valued at $431,000. Finally, State of Wyoming raised its stake in shares of American Outdoor Brands by 41.5% in the third quarter. State of Wyoming now owns 32,993 shares of the company’s stock worth $534,000 after purchasing an additional 9,679 shares during the last quarter. Institutional investors and hedge funds own 49.87% of the company’s stock.

About American Outdoor Brands

American Outdoor Brands, Inc (NASDAQ:AOUT) develops and sells products for shooting, hunting, fishing, camping, outdoor recreation, and outdoor cooking. Its portfolio includes shooting accessories, firearm maintenance and storage products, hunting tools, knives, fishing equipment, camping gear, grills, and related outdoor products.

The company markets its products under a collection of brands, including Caldwell, Frankford Arsenal, Hooyman, BOG, Schrade, Old Timer, Tipton, Grilla Grills, and MEAT!, among others.