Analysts Set American Outdoor Brands Corp (NASDAQ:AOBC) PT at $11.38

Shares of American Outdoor Brands Corp (NASDAQ:AOBC) have been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $11.38.

A number of brokerages recently commented on AOBC. Lake Street Capital lowered their price objective on shares of American Outdoor Brands from $14.00 to $11.50 and set a “buy” rating on the stock in a research report on Friday, March 6th. Zacks Investment Research raised shares of American Outdoor Brands from a “sell” rating to a “hold” rating in a research report on Tuesday. Wedbush reaffirmed a “neutral” rating and set a price objective (up from ) on shares of American Outdoor Brands in a research report on Tuesday, February 18th. Finally, BidaskClub cut shares of American Outdoor Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th.

Shares of AOBC stock traded down $0.50 during midday trading on Friday, reaching $7.57. 1,949,407 shares of the company were exchanged, compared to its average volume of 1,153,179. American Outdoor Brands has a 12 month low of $5.41 and a 12 month high of $10.94. The company has a market cap of $459.28 million, a P/E ratio of 29.12 and a beta of 0.36. The company’s 50 day moving average price is $9.27 and its two-hundred day moving average price is $8.31. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.70 and a current ratio of 3.82.

American Outdoor Brands (NASDAQ:AOBC) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.10). The business had revenue of $166.70 million during the quarter, compared to analyst estimates of $187.27 million. American Outdoor Brands had a return on equity of 6.30% and a net margin of 2.38%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. As a group, sell-side analysts predict that American Outdoor Brands will post 0.61 earnings per share for the current year.

In other news, insider Mark Peter Smith acquired 5,192 shares of American Outdoor Brands stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average cost of $5.78 per share, for a total transaction of $30,009.76. Following the completion of the purchase, the insider now owns 77,947 shares of the company’s stock, valued at $450,533.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Deana L. Mcpherson acquired 5,000 shares of American Outdoor Brands stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average price of $6.28 per share, with a total value of $31,400.00. Following the completion of the purchase, the chief accounting officer now directly owns 33,723 shares of the company’s stock, valued at approximately $211,780.44. The disclosure for this purchase can be found here. Insiders acquired 11,692 shares of company stock valued at $70,140 over the last quarter. Corporate insiders own 2.68% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in American Outdoor Brands during the 4th quarter valued at $7,535,000. Geode Capital Management LLC increased its holdings in American Outdoor Brands by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 749,759 shares of the company’s stock valued at $6,957,000 after buying an additional 10,870 shares during the period. Cubist Systematic Strategies LLC increased its holdings in American Outdoor Brands by 2,512.5% in the 4th quarter. Cubist Systematic Strategies LLC now owns 5,225 shares of the company’s stock valued at $48,000 after buying an additional 5,025 shares during the period. Jane Street Group LLC increased its holdings in American Outdoor Brands by 235.1% in the 4th quarter. Jane Street Group LLC now owns 87,196 shares of the company’s stock valued at $809,000 after buying an additional 61,178 shares during the period. Finally, UBS Asset Management Americas Inc. increased its holdings in American Outdoor Brands by 6.7% in the 4th quarter. UBS Asset Management Americas Inc. now owns 55,433 shares of the company’s stock valued at $514,000 after buying an additional 3,466 shares during the period. Institutional investors and hedge funds own 69.79% of the company’s stock.

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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