Outdoor (NASDAQ:POWW) Upgraded to “Strong-Buy” at Zacks Research

Outdoor (NASDAQ:POWW) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks reports.

POWW has been the topic of several other reports. Roth Capital reissued a “buy” rating on shares of Outdoor in a report on Tuesday, August 11th. Weiss Ratings upgraded Outdoor from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $2.75.

Outdoor Trading Up 1.3%

Shares of NASDAQ:POWW opened at $2.31 on Monday. The business’s 50 day simple moving average is $2.26 and its 200 day simple moving average is $2.12. Outdoor has a 1 year low of $1.60 and a 1 year high of $2.67. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.74 and a quick ratio of 4.74. The company has a market capitalization of $268.10 million, a P/E ratio of 77.03 and a beta of 0.98.

Outdoor (NASDAQ:POWW) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $14.48 million during the quarter, compared to analysts’ expectations of $13.02 million. Outdoor had a return on equity of 1.90% and a net margin of 12.08%. On average, research analysts anticipate that Outdoor will post 0.04 EPS for the current fiscal year.

Institutional Trading of Outdoor

Several large investors have recently made changes to their positions in POWW. R Squared Ltd boosted its position in shares of Outdoor by 8.1% during the 3rd quarter. R Squared Ltd now owns 81,012 shares of the company’s stock worth $182,000 after acquiring an additional 6,103 shares in the last quarter. Legal & General Group Plc acquired a new position in Outdoor during the second quarter valued at approximately $25,000. StoneX Group Inc. acquired a new position in Outdoor during the third quarter valued at approximately $34,000. Royal Bank of Canada lifted its stake in Outdoor by 626.3% during the first quarter. Royal Bank of Canada now owns 18,055 shares of the company’s stock worth $36,000 after purchasing an additional 15,569 shares during the last quarter. Finally, Beacon Pointe Advisors LLC bought a new stake in Outdoor during the second quarter worth $55,000. Institutional investors and hedge funds own 26.40% of the company’s stock.

About Outdoor

Outdoor, formerly known as AMMO, Inc., is an outdoor-focused company serving the firearms, hunting, shooting and broader recreation markets. Its principal business is GunBroker.com, an online marketplace that connects buyers and sellers of firearms, ammunition, accessories, sporting goods and related outdoor products, subject to applicable laws and regulations. The company’s marketplace provides product listings, transaction services and related digital tools for its community of consumers, dealers and manufacturers.