American Outdoor Brands Corp (AOBC) Given Consensus Rating of “Buy” by Analysts

American Outdoor Brands Corp (NASDAQ:AOBC) has received a consensus rating of “Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $14.60.

A number of research firms recently weighed in on AOBC. Lake Street Capital reaffirmed a “buy” rating and set a $17.00 price target (up from $13.00) on shares of American Outdoor Brands in a research note on Thursday, June 28th. Zacks Investment Research downgraded American Outdoor Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, August 22nd. BidaskClub raised American Outdoor Brands from a “sell” rating to a “hold” rating in a research note on Thursday, August 30th. Finally, ValuEngine downgraded American Outdoor Brands from a “hold” rating to a “sell” rating in a research note on Friday, June 1st.

Shares of NASDAQ:AOBC traded down $0.35 during midday trading on Wednesday, reaching $15.40. The company’s stock had a trading volume of 30,132 shares, compared to its average volume of 3,043,044. The company has a market capitalization of $856.63 million, a price-to-earnings ratio of 34.30 and a beta of -0.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.60 and a quick ratio of 0.82. American Outdoor Brands has a fifty-two week low of $8.32 and a fifty-two week high of $16.50.

American Outdoor Brands (NASDAQ:AOBC) last announced its quarterly earnings data on Thursday, August 30th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.09. The company had revenue of $138.83 million for the quarter, compared to the consensus estimate of $138.00 million. American Outdoor Brands had a return on equity of 8.67% and a net margin of 4.85%. analysts anticipate that American Outdoor Brands will post 0.67 EPS for the current year.

In other news, Director John B. Furman sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $14.50, for a total value of $145,000.00. Following the completion of the transaction, the director now directly owns 32,834 shares of the company’s stock, valued at $476,093. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert H. Brust bought 4,240 shares of American Outdoor Brands stock in a transaction dated Thursday, September 6th. The stock was acquired at an average cost of $14.83 per share, with a total value of $62,879.20. Following the completion of the acquisition, the director now owns 12,366 shares of the company’s stock, valued at $183,387.78. The disclosure for this purchase can be found here. Insiders own 2.47% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Verition Fund Management LLC bought a new position in shares of American Outdoor Brands in the second quarter valued at approximately $133,000. Dynamic Technology Lab Private Ltd grew its holdings in shares of American Outdoor Brands by 72.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 26,451 shares of the company’s stock valued at $318,000 after acquiring an additional 11,154 shares in the last quarter. Fisher Asset Management LLC bought a new position in shares of American Outdoor Brands in the second quarter valued at approximately $153,000. GSA Capital Partners LLP bought a new position in shares of American Outdoor Brands in the first quarter valued at approximately $186,000. Finally, Quantbot Technologies LP grew its holdings in shares of American Outdoor Brands by 104.0% in the first quarter. Quantbot Technologies LP now owns 41,899 shares of the company’s stock valued at $432,000 after acquiring an additional 21,362 shares in the last quarter. 62.81% 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.

Further Reading: Dividend

Analyst Recommendations for American Outdoor Brands (NASDAQ:AOBC)

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