Craig Hallum reiterated their buy rating on shares of American Outdoor Brands (NASDAQ:AOBC) in a research note issued to investors on Thursday, The Fly reports. The firm currently has a $12.00 price target on the stock, up from their previous price target of $10.00.
Several other equities analysts also recently weighed in on the company. Lake Street Capital restated a buy rating and set a $14.00 price target (down from $17.00) on shares of American Outdoor Brands in a report on Friday, August 30th. Wedbush dropped their price objective on American Outdoor Brands from $10.00 to $6.50 and set a neutral rating on the stock in a research report on Friday, August 30th. Zacks Investment Research raised American Outdoor Brands from a sell rating to a hold rating in a research report on Tuesday, November 5th. BidaskClub raised American Outdoor Brands from a buy rating to a strong-buy rating in a research report on Tuesday, November 12th. Finally, Cowen set a $10.00 price objective on American Outdoor Brands and gave the company a hold rating in a research report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $11.20.
Shares of American Outdoor Brands stock traded up $0.14 during midday trading on Thursday, reaching $8.50. 1,028,700 shares of the company’s stock traded hands, compared to its average volume of 767,619. American Outdoor Brands has a 12 month low of $5.41 and a 12 month high of $15.32. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.87. The stock has a 50 day moving average of $6.88 and a 200-day moving average of $8.02. The company has a market cap of $458.31 million, a PE ratio of 10.24 and a beta of 0.26.
American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.05). American Outdoor Brands had a net margin of 1.39% and a return on equity of 8.19%. The company had revenue of $123.67 million for the quarter, compared to the consensus estimate of $126.58 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. American Outdoor Brands’s revenue was down 10.9% compared to the same quarter last year. On average, equities analysts anticipate that American Outdoor Brands will post 0.74 earnings per share for the current fiscal year.
In related news, Director John B. Furman sold 10,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $6.95, for a total transaction of $69,500.00. Following the sale, the director now directly owns 38,335 shares of the company’s stock, valued at $266,428.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.68% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in shares of American Outdoor Brands by 609.1% during the third quarter. Tower Research Capital LLC TRC now owns 5,013 shares of the company’s stock valued at $29,000 after buying an additional 4,306 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of American Outdoor Brands by 44.2% during the third quarter. Russell Investments Group Ltd. now owns 36,639 shares of the company’s stock valued at $215,000 after buying an additional 11,230 shares during the last quarter. Rhumbline Advisers boosted its position in American Outdoor Brands by 9.3% in the third quarter. Rhumbline Advisers now owns 90,399 shares of the company’s stock worth $529,000 after purchasing an additional 7,692 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in American Outdoor Brands by 199.8% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 38,068 shares of the company’s stock worth $223,000 after purchasing an additional 25,372 shares during the last quarter. Finally, Roman Butler Fullerton & Co. boosted its position in American Outdoor Brands by 12.6% in the third quarter. Roman Butler Fullerton & Co. now owns 45,520 shares of the company’s stock worth $266,000 after purchasing an additional 5,100 shares during the last quarter. 69.78% of the stock is currently owned by institutional investors.
About American Outdoor Brands
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.
Read More: Market Indexes
Receive News & Ratings for American Outdoor Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Outdoor Brands and related companies with MarketBeat.com's FREE daily email newsletter.