American Outdoor Brands Corp (AOBC) Receives Average Recommendation of “Hold” from Analysts

Shares of American Outdoor Brands Corp (NASDAQ:AOBC) have been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $14.40.

A number of brokerages have issued reports on AOBC. BidaskClub raised shares of American Outdoor Brands from a “hold” rating to a “buy” rating in a report on Tuesday, October 16th. ValuEngine lowered shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Friday, November 30th. Wedbush set a $15.00 target price on shares of American Outdoor Brands and gave the company a “buy” rating in a report on Friday, December 7th. Cowen reissued a “hold” rating and issued a $12.00 target price on shares of American Outdoor Brands in a report on Friday, December 7th. Finally, Craig Hallum lowered shares of American Outdoor Brands from a “buy” rating to a “hold” rating and cut their target price for the company from $15.00 to $13.00 in a report on Thursday, November 1st.

NASDAQ AOBC traded down $0.20 on Tuesday, reaching $13.14. 15,882 shares of the stock were exchanged, compared to its average volume of 456,682. American Outdoor Brands has a one year low of $8.32 and a one year high of $15.95. The stock has a market cap of $727.56 million, a price-to-earnings ratio of 28.59 and a beta of -0.05. The company has a current ratio of 2.88, a quick ratio of 1.11 and a debt-to-equity ratio of 0.50.

American Outdoor Brands (NASDAQ:AOBC) last released its earnings results on Thursday, December 6th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. American Outdoor Brands had a net margin of 5.30% and a return on equity of 9.60%. The company had revenue of $161.70 million for the quarter, compared to analysts’ expectations of $154.67 million. During the same quarter last year, the business earned $0.11 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. Sell-side analysts forecast that American Outdoor Brands will post 0.73 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of AOBC. Bank of New York Mellon Corp lifted its position in American Outdoor Brands by 7.9% in the second quarter. Bank of New York Mellon Corp now owns 355,754 shares of the company’s stock worth $4,280,000 after buying an additional 25,903 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in American Outdoor Brands by 16.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 592,568 shares of the company’s stock worth $7,129,000 after buying an additional 85,813 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in American Outdoor Brands by 44.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,444,518 shares of the company’s stock worth $29,409,000 after buying an additional 751,236 shares during the last quarter. Raymond James & Associates lifted its position in American Outdoor Brands by 208.1% in the second quarter. Raymond James & Associates now owns 45,724 shares of the company’s stock worth $550,000 after buying an additional 30,881 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in American Outdoor Brands in the second quarter worth $517,000. Institutional investors own 64.96% of the company’s stock.

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.

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