Craig Hallum cut shares of American Outdoor Brands (NASDAQ:AOBC) from a buy rating to a hold rating in a research note released on Thursday morning, Marketbeat Ratings reports. Craig Hallum currently has $13.00 price objective on the stock, down from their prior price objective of $15.00.
AOBC has been the subject of several other reports. Zacks Investment Research raised American Outdoor Brands from a hold rating to a buy rating and set a $16.00 price target for the company in a report on Thursday, September 6th. BidaskClub raised American Outdoor Brands from a hold rating to a buy rating in a report on Tuesday, October 16th. Wedbush set a $15.00 price target on American Outdoor Brands and gave the company a buy rating in a report on Saturday, September 1st. ValuEngine cut American Outdoor Brands from a hold rating to a sell rating in a report on Saturday, July 28th. Finally, Lake Street Capital reissued a buy rating and issued a $17.00 price target on shares of American Outdoor Brands in a report on Friday, August 31st. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $14.60.
Shares of AOBC traded down $0.27 during mid-day trading on Thursday, hitting $13.52. The company’s stock had a trading volume of 1,713,200 shares, compared to its average volume of 1,425,834. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.60 and a quick ratio of 0.82. The stock has a market capitalization of $782.11 million, a P/E ratio of 29.39 and a beta of -0.10. American Outdoor Brands has a 1-year low of $8.32 and a 1-year high of $15.95.
American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings results on Thursday, August 30th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.12 by $0.09. The business had revenue of $138.83 million during the quarter, compared to analysts’ expectations of $138.00 million. American Outdoor Brands had a return on equity of 8.67% and a net margin of 4.85%. Research analysts anticipate that American Outdoor Brands will post 0.67 EPS for the current year.
In other news, Director Robert H. Brust acquired 4,240 shares of American Outdoor Brands stock in a transaction that occurred on Thursday, September 6th. The stock was purchased at an average cost of $14.83 per share, with a total value of $62,879.20. Following the completion of the acquisition, the director now owns 12,366 shares in the company, valued at approximately $183,387.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John B. Furman sold 10,000 shares of American Outdoor Brands stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $14.50, for a total value of $145,000.00. Following the transaction, the director now directly owns 32,834 shares of the company’s stock, valued at $476,093. The disclosure for this sale can be found here. Insiders own 2.47% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in American Outdoor Brands by 13.2% during the first quarter. BlackRock Inc. now owns 6,804,867 shares of the company’s stock worth $70,226,000 after purchasing an additional 792,100 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in American Outdoor Brands by 44.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,444,518 shares of the company’s stock worth $29,409,000 after purchasing an additional 751,236 shares during the last quarter. Millennium Management LLC acquired a new position in American Outdoor Brands during the second quarter worth $16,241,000. Point72 Asset Management L.P. raised its holdings in American Outdoor Brands by 544.5% during the second quarter. Point72 Asset Management L.P. now owns 805,600 shares of the company’s stock worth $9,691,000 after purchasing an additional 680,600 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in American Outdoor Brands by 16.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 592,568 shares of the company’s stock worth $7,129,000 after purchasing an additional 85,813 shares during the last quarter. 62.98% of the stock is owned by hedge funds and other institutional investors.
American Outdoor Brands Company Profile
American Outdoor Brands Corporation designs, manufactures, and sells firearms worldwide. The company's Firearms segment offers handguns, long guns, handcuffs, suppressors, and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Gemtech, and Thompson/Center Arms brands.
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