Zacks Investment Research lowered shares of American Outdoor Brands (NASDAQ:AOBC) from a strong-buy rating to a hold rating in a research report sent to investors on Friday.
According to Zacks, “American Outdoor Brands Corporation is a manufacturer and seller of firearms and accessory products for the shooting, hunting and outdoor enthusiast. The company’s product comprises pistols, revolvers, rifles, guns, handcuffs and firearm-related products and accessories. It sells its products under the brand name Smith & Wesson, M&P, Thompson/Centre and Performance Centre. American Outdoor Brands Corporation, formerly known as Smith & Wesson Holding Corporation, is based in Springfield, Massachusetts. “
Several other equities research analysts have also weighed in on AOBC. BidaskClub raised American Outdoor Brands from a hold rating to a buy rating in a research report on Tuesday, October 16th. Craig Hallum lowered American Outdoor Brands from a buy rating to a hold rating and dropped their target price for the stock from $15.00 to $13.00 in a research report on Thursday, November 1st. ValuEngine lowered American Outdoor Brands from a buy rating to a hold rating in a research report on Friday, November 30th. Wedbush lowered their price target on American Outdoor Brands from $16.50 to $15.30 and set an outperform rating on the stock in a report on Tuesday, December 4th. Finally, Cowen reissued a hold rating and set a $12.00 price target on shares of American Outdoor Brands in a report on Friday, December 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and an average price target of $14.40.
NASDAQ AOBC traded down $0.24 during trading hours on Friday, hitting $12.05. The company had a trading volume of 361,186 shares, compared to its average volume of 540,810. American Outdoor Brands has a fifty-two week low of $8.32 and a fifty-two week high of $15.95. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.88 and a quick ratio of 1.11. The firm has a market capitalization of $670.30 million, a PE ratio of 16.61 and a beta of -0.16.
American Outdoor Brands (NASDAQ:AOBC) last issued its earnings results on Thursday, December 6th. The company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.06. American Outdoor Brands had a return on equity of 9.60% and a net margin of 5.30%. The firm had revenue of $161.70 million for the quarter, compared to analyst estimates of $154.67 million. During the same period last year, the company earned $0.11 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts expect that American Outdoor Brands will post 0.72 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of AOBC. Raymond James & Associates increased its holdings in shares of American Outdoor Brands by 208.1% during the second quarter. Raymond James & Associates now owns 45,724 shares of the company’s stock valued at $550,000 after purchasing an additional 30,881 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of American Outdoor Brands by 7.9% during the second quarter. Bank of New York Mellon Corp now owns 355,754 shares of the company’s stock valued at $4,280,000 after purchasing an additional 25,903 shares during the period. Cornerstone Wealth Management LLC increased its holdings in shares of American Outdoor Brands by 64.8% during the third quarter. Cornerstone Wealth Management LLC now owns 41,055 shares of the company’s stock valued at $2,748,000 after purchasing an additional 16,147 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of American Outdoor Brands during the third quarter valued at $1,713,000. Finally, Public Employees Retirement Association of Colorado increased 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 valued at $172,000 after purchasing an additional 8,376 shares during the period. 64.64% of the stock is currently 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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