American Outdoor Brands (NASDAQ:AOBC) had its target price trimmed by Wedbush from $16.50 to $15.30 in a research note released on Tuesday morning. The firm currently has an outperform rating on the stock. Wedbush also issued estimates for American Outdoor Brands’ Q2 2019 earnings at $0.12 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.21 EPS, FY2019 earnings at $0.64 EPS and FY2020 earnings at $0.93 EPS.
AOBC has been the subject of several other research reports. Zacks Investment Research raised American Outdoor Brands from a hold rating to a buy rating and set a $11.00 price objective for the company in a report on Tuesday, August 21st. Lake Street Capital reissued a buy rating and set a $17.00 price objective on shares of American Outdoor Brands in a report on Friday, August 31st. BidaskClub raised American Outdoor Brands from a hold rating to a buy rating in a report on Tuesday, October 16th. ValuEngine raised American Outdoor Brands from a hold rating to a buy rating in a report on Tuesday, September 11th. Finally, Craig Hallum lowered American Outdoor Brands from a buy rating to a hold rating and cut their price objective for the stock from $15.00 to $13.00 in a report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. American Outdoor Brands currently has a consensus rating of Hold and an average price target of $14.66.
Shares of AOBC opened at $12.21 on Tuesday. American Outdoor Brands has a twelve month low of $8.32 and a twelve month high of $15.95. The stock has a market cap of $642.88 million, a PE ratio of 26.54 and a beta of 0.08. The company has a current ratio of 2.60, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44.
American Outdoor Brands (NASDAQ:AOBC) last announced its quarterly earnings results on Thursday, December 6th. The company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.06. American Outdoor Brands had a return on equity of 8.67% and a net margin of 4.85%. The firm had revenue of $161.70 million for the quarter, compared to analysts’ expectations of $154.67 million. During the same period in the prior year, the business posted $0.11 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts predict that American Outdoor Brands will post 0.64 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of AOBC. Verition Fund Management LLC purchased a new position in shares of American Outdoor Brands during the second quarter worth about $133,000. Public Employees Retirement Association of Colorado grew its holdings in shares of American Outdoor Brands by 308.3% during the third quarter. Public Employees Retirement Association of Colorado now owns 11,093 shares of the company’s stock worth $172,000 after purchasing an additional 8,376 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in shares of American Outdoor Brands during the third quarter worth about $206,000. Victory Capital Management Inc. purchased a new position in shares of American Outdoor Brands during the third quarter worth about $217,000. Finally, Jefferies Group LLC purchased a new position in shares of American Outdoor Brands during the third quarter worth about $278,000. 65.17% of the stock is owned by 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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