American Outdoor Brands (NASDAQ:AOBC) Trading Down 8.6%

American Outdoor Brands Corp (NASDAQ:AOBC)’s stock price traded down 8.6% on Thursday . The company traded as low as $8.81 and last traded at $8.81, 719,469 shares were traded during trading. A decline of 2% from the average session volume of 730,957 shares. The stock had previously closed at $9.64.

A number of analysts have weighed in on the stock. ValuEngine lowered shares of American Outdoor Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday. Zacks Investment Research upgraded shares of American Outdoor Brands from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Monday, July 22nd. Wedbush set a $10.00 price objective on shares of American Outdoor Brands and gave the company a “hold” rating in a research note on Wednesday, May 22nd. Cowen restated a “hold” rating and set a $12.00 price objective on shares of American Outdoor Brands in a research note on Wednesday, June 19th. Finally, BidaskClub upgraded shares of American Outdoor Brands from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.60.

The company’s fifty day moving average price is $9.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.21 and a current ratio of 2.68. The company has a market capitalization of $528.29 million, a PE ratio of 10.41 and a beta of 0.11.

American Outdoor Brands (NASDAQ:AOBC) last announced its quarterly earnings results on Wednesday, June 19th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. The firm had revenue of $175.73 million for the quarter, compared to the consensus estimate of $168.99 million. American Outdoor Brands had a net margin of 2.88% and a return on equity of 10.55%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 EPS. As a group, equities analysts predict that American Outdoor Brands Corp will post 0.81 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pearl River Capital LLC boosted its holdings in shares of American Outdoor Brands by 196.9% during the 1st quarter. Pearl River Capital LLC now owns 4,750 shares of the company’s stock valued at $44,000 after acquiring an additional 3,150 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of American Outdoor Brands during the 2nd quarter valued at about $114,000. Metropolitan Life Insurance Co. NY boosted its holdings in shares of American Outdoor Brands by 314.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,177 shares of the company’s stock valued at $208,000 after acquiring an additional 12,272 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of American Outdoor Brands during the 2nd quarter valued at about $166,000. Finally, Cetera Advisor Networks LLC boosted its holdings in shares of American Outdoor Brands by 3.2% during the 1st quarter. Cetera Advisor Networks LLC now owns 34,686 shares of the company’s stock valued at $326,000 after acquiring an additional 1,086 shares during the last quarter. 66.59% of the stock is currently owned by hedge funds and other institutional investors.

About American Outdoor Brands (NASDAQ:AOBC)

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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