American Outdoor Brands Corp (NASDAQ:AOBC) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 2,298,200 shares, a growth of 5.4% from the May 30th total of 2,180,400 shares. Based on an average daily volume of 782,200 shares, the days-to-cover ratio is presently 2.9 days. Approximately 4.3% of the shares of the company are short sold.
A number of equities analysts recently issued reports on AOBC shares. Cowen reissued a “hold” rating and issued a $12.00 price objective on shares of American Outdoor Brands in a report on Wednesday, June 19th. Wedbush set a $190.00 price objective on Home Depot and gave the stock a “hold” rating in a report on Wednesday, May 22nd. Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Tuesday. ValuEngine lowered Wintrust Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday. Finally, BidaskClub lowered Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. American Outdoor Brands currently has a consensus rating of “Hold” and a consensus target price of $12.40.
In other news, Director Michael F. Golden sold 18,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $10.01, for a total transaction 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 $2,566,884.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael F. Golden sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $10.01, for a total value of $200,200.00. Following the transaction, the director now directly owns 256,432 shares of the company’s stock, valued at $2,566,884.32. The disclosure for this sale can be found here. 2.47% of the stock is currently owned by corporate insiders.
AOBC opened at $9.52 on Wednesday. The firm has a market capitalization of $499.79 million, a P/E ratio of 11.47 and a beta of 0.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.68 and a quick ratio of 1.21. American Outdoor Brands has a 1-year low of $8.19 and a 1-year high of $15.95. The business has a 50 day moving average price of $8.84.
American Outdoor Brands (NASDAQ:AOBC) last released its earnings results on Wednesday, June 19th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. The firm had revenue of $175.73 million during the quarter, compared to the consensus estimate of $168.99 million. American Outdoor Brands had a return on equity of 10.55% and a net margin of 2.88%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 earnings per share. As a group, research analysts predict that American Outdoor Brands will post 0.81 earnings per share for the current fiscal year.
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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