American Outdoor Brands Corporation (AOBC) Given Average Rating of “Hold” by Brokerages

Shares of American Outdoor Brands Corporation (NASDAQ:AOBC) have been assigned a consensus rating of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $19.15.

A number of analysts have recently commented on the company. Aegis reiterated a “buy” rating and set a $23.00 target price on shares of American Outdoor Brands Corporation in a research report on Wednesday, September 20th. Cowen and Company reiterated a “buy” rating and set a $19.00 target price (down previously from $27.00) on shares of American Outdoor Brands Corporation in a research report on Friday, September 8th. Wedbush reiterated a “neutral” rating and set a $16.00 target price (down previously from $20.00) on shares of American Outdoor Brands Corporation in a research report on Friday, September 8th. Vetr upgraded American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 target price on the stock in a research report on Monday, July 31st. Finally, ValuEngine upgraded American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd.

American Outdoor Brands Corporation (AOBC) traded up $0.04 during trading on Thursday, reaching $13.48. The company’s stock had a trading volume of 771,500 shares, compared to its average volume of 1,407,804. American Outdoor Brands Corporation has a one year low of $12.87 and a one year high of $24.60. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.80 and a current ratio of 1.63. The firm has a market capitalization of $730.11, a PE ratio of 6.96, a PEG ratio of 0.80 and a beta of -0.14.

American Outdoor Brands Corporation (NASDAQ:AOBC) last posted its quarterly earnings results on Thursday, September 7th. The company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.09). American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. The business had revenue of $129.02 million during the quarter, compared to analyst estimates of $147.24 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The firm’s quarterly revenue was down 37.7% on a year-over-year basis. analysts anticipate that American Outdoor Brands Corporation will post 1.12 earnings per share for the current year.

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A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in American Outdoor Brands Corporation by 2.8% in the 2nd quarter. BlackRock Inc. now owns 4,868,787 shares of the company’s stock valued at $107,892,000 after purchasing an additional 133,299 shares in the last quarter. LSV Asset Management boosted its holdings in American Outdoor Brands Corporation by 7.9% in the 2nd quarter. LSV Asset Management now owns 1,992,648 shares of the company’s stock valued at $44,157,000 after purchasing an additional 146,547 shares in the last quarter. Royal Bank of Canada boosted its holdings in American Outdoor Brands Corporation by 3.8% in the 2nd quarter. Royal Bank of Canada now owns 1,663,306 shares of the company’s stock valued at $36,859,000 after purchasing an additional 61,374 shares in the last quarter. State Street Corp boosted its holdings in American Outdoor Brands Corporation by 6.7% in the 2nd quarter. State Street Corp now owns 1,036,174 shares of the company’s stock valued at $22,962,000 after purchasing an additional 64,749 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in American Outdoor Brands Corporation by 5.2% in the 2nd quarter. Northern Trust Corp now owns 787,335 shares of the company’s stock valued at $17,447,000 after purchasing an additional 38,968 shares in the last quarter. Hedge funds and other institutional investors own 68.17% of the company’s stock.

About American Outdoor Brands Corporation

American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.

Analyst Recommendations for American Outdoor Brands Corporation (NASDAQ:AOBC)

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