American Outdoor Brands (NASDAQ:AOUT) Downgraded by Wall Street Zen to “Hold”

American Outdoor Brands (NASDAQ:AOUT) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Separately, Lake Street Capital restated a “buy” rating and issued a $19.00 price target (down from $20.00) on shares of American Outdoor Brands in a research report on Friday, June 27th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $15.00.

American Outdoor Brands Stock Performance

AOUT stock opened at $8.52 on Friday. The firm has a fifty day moving average price of $9.81 and a 200 day moving average price of $11.41. 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 cap of $108.72 million, a PE ratio of -23.03 and a beta of 0.39.

American Outdoor Brands (NASDAQ:AOUT) last posted its earnings results on Thursday, June 26th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.15. American Outdoor Brands had a negative net margin of 2.16% and a positive return on equity of 1.97%. The firm had revenue of $61.94 million during the quarter, compared to analyst estimates of $48.46 million. On average, equities analysts predict that American Outdoor Brands will post 0.36 EPS for the current year.

Institutional Trading of American Outdoor Brands

A number of institutional investors have recently bought and sold shares of AOUT. First Horizon Advisors Inc. lifted its position in shares of American Outdoor Brands by 170.7% during the second quarter. First Horizon Advisors Inc. now owns 2,547 shares of the company’s stock worth $27,000 after purchasing an additional 1,606 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of American Outdoor Brands during the second quarter worth $27,000. Bank of America Corp DE lifted its position in shares of 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 purchasing an additional 4,485 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of American Outdoor Brands by 4,535.9% during the second 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 last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of American Outdoor Brands during the second quarter worth $64,000. 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.