American Outdoor Brands Corp (AOBC) Sets New 52-Week Low After Analyst Downgrade

American Outdoor Brands Corp (NASDAQ:AOBC) shares hit a new 52-week low during mid-day trading on Monday after TheStreet downgraded the stock from a b rating to a c rating. The stock traded as low as $13.50 and last traded at $13.50, with a volume of 2,379,431 shares. The stock had previously closed at $13.92.

Other research analysts have also recently issued research reports about the stock. Vetr raised shares of American Outdoor Brands Corp from a “hold” rating to a “buy” rating and set a $23.59 target price for the company in a report on Wednesday, May 10th. Aegis reissued a “buy” rating and set a $25.00 target price on shares of American Outdoor Brands Corp in a report on Monday, August 21st. ValuEngine raised shares of American Outdoor Brands Corp from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Cowen and Company reissued a “buy” rating and set a $19.00 target price (down previously from $27.00) on shares of American Outdoor Brands Corp in a report on Friday, September 8th. Finally, Forward View reissued a “hold” rating on shares of American Outdoor Brands Corp in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $19.37.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nationwide Fund Advisors acquired a new stake in shares of American Outdoor Brands Corp in the first quarter valued at about $681,000. Russell Investments Group Ltd. acquired a new stake in shares of American Outdoor Brands Corp in the first quarter valued at about $1,283,000. DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in shares of American Outdoor Brands Corp in the first quarter valued at about $306,000. Wells Fargo & Company MN acquired a new stake in shares of American Outdoor Brands Corp in the first quarter valued at about $7,718,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of American Outdoor Brands Corp in the first quarter valued at about $636,000. 72.61% of the stock is owned by institutional investors.

The stock’s 50 day moving average is $18.48 and its 200 day moving average is $20.72. The company has a market cap of $754.93 million, a price-to-earnings ratio of 6.23 and a beta of 0.11.

American Outdoor Brands Corp (NASDAQ:AOBC) last announced its quarterly earnings data on Thursday, September 7th. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.09). The firm had revenue of $129.02 million for the quarter, compared to analysts’ expectations of $147.24 million. American Outdoor Brands Corp had a negative return on equity of 2.22% and a negative net margin of 1.68%. The firm’s quarterly revenue was down 37.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. Equities research analysts forecast that American Outdoor Brands Corp will post $1.28 EPS for the current year.

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American Outdoor Brands Corp Company Profile

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.

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