American Outdoor Brands (AOBC) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of American Outdoor Brands (NASDAQ:AOBC) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning, Zacks.com reports.

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 research firms have also issued reports on AOBC. ValuEngine raised American Outdoor Brands from a hold rating to a buy rating in a research report on Monday, February 4th. Wedbush lowered American Outdoor Brands from an outperform rating to a neutral rating and lowered their price target for the stock from $13.50 to $11.00 in a research report on Wednesday, March 13th. Finally, BidaskClub raised American Outdoor Brands from a strong sell rating to a sell rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $13.60.

Shares of AOBC stock opened at $9.21 on Tuesday. American Outdoor Brands has a 12 month low of $9.03 and a 12 month high of $15.95. The firm has a market cap of $502.48 million, a PE ratio of 20.02 and a beta of -0.08. The company has a current ratio of 2.94, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51.

American Outdoor Brands (NASDAQ:AOBC) last announced its earnings results on Thursday, March 7th. The company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. American Outdoor Brands had a net margin of 2.56% and a return on equity of 10.47%. The firm had revenue of $162.01 million for the quarter, compared to analysts’ expectations of $162.55 million. As a group, analysts expect that American Outdoor Brands will post 0.73 earnings per share for the current year.

In other news, Director Michael F. Golden sold 20,000 shares of American Outdoor Brands stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $10.01, for a total value of $200,200.00. Following the completion of the transaction, the director now owns 256,432 shares of the company’s stock, valued at approximately $2,566,884.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael F. Golden sold 18,000 shares of American Outdoor Brands stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $10.01, for a total value of $180,180.00. Following the completion of the transaction, the director now directly owns 256,432 shares of the company’s stock, valued at approximately $2,566,884.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,000 shares of company stock valued at $472,880. 2.47% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Oxford Asset Management LLP boosted its position in shares of American Outdoor Brands by 14.6% during the 1st quarter. Oxford Asset Management LLP now owns 247,141 shares of the company’s stock valued at $2,308,000 after acquiring an additional 31,496 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of American Outdoor Brands by 13.4% during the 1st quarter. Geode Capital Management LLC now owns 691,363 shares of the company’s stock valued at $6,457,000 after acquiring an additional 81,764 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of American Outdoor Brands by 5.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 693,063 shares of the company’s stock valued at $6,474,000 after acquiring an additional 37,431 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of American Outdoor Brands by 7.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 35,136 shares of the company’s stock valued at $328,000 after acquiring an additional 2,412 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of American Outdoor Brands by 12.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 36,210 shares of the company’s stock valued at $338,000 after acquiring an additional 4,150 shares during the last quarter. 73.55% of the stock is owned by hedge funds and other 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.

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