American Outdoor Brands (NASDAQ:AOBC) had its price objective increased by stock analysts at Wedbush from $13.00 to $14.50 in a report issued on Thursday, June 21st, Marketbeat.com reports. The firm presently has an “outperform” rating on the stock. Wedbush’s price objective points to a potential upside of 20.53% from the stock’s previous close. Wedbush also issued estimates for American Outdoor Brands’ Q1 2019 earnings at $0.14 EPS, Q2 2019 earnings at $0.12 EPS, Q4 2019 earnings at $0.25 EPS and FY2020 earnings at $0.96 EPS.
A number of other analysts have also weighed in on the stock. Lake Street Capital raised their price target on shares of American Outdoor Brands from $13.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, June 21st. Cowen cut shares of American Outdoor Brands from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a research note on Thursday, June 21st. BidaskClub raised shares of American Outdoor Brands from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 20th. Zacks Investment Research cut shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Finally, ValuEngine lowered shares of American Outdoor Brands from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $17.17.
AOBC stock opened at $12.03 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.69 and a quick ratio of 1.16. American Outdoor Brands has a 52-week low of $8.32 and a 52-week high of $23.20. The stock has a market cap of $672.53 million, a price-to-earnings ratio of 26.89, a PEG ratio of 1.54 and a beta of -0.01.
American Outdoor Brands (NASDAQ:AOBC) last announced its quarterly earnings results on Wednesday, June 20th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.13. The firm had revenue of $172.00 million during the quarter, compared to analysts’ expectations of $166.83 million. American Outdoor Brands had a net margin of 3.32% and a return on equity of 6.27%. The company’s revenue for the quarter was down 25.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 earnings per share. equities analysts anticipate that American Outdoor Brands will post 0.54 EPS for the current fiscal year.
In related news, Director Robert L. Scott sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $10.36, for a total transaction of $103,600.00. Following the completion of the transaction, the director now directly owns 72,862 shares in the company, valued at approximately $754,850.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.31% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its position in shares of American Outdoor Brands by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 515,378 shares of the company’s stock worth $6,617,000 after buying an additional 22,050 shares during the period. BlackRock Inc. boosted its stake in American Outdoor Brands by 9.1% during the fourth quarter. BlackRock Inc. now owns 6,012,767 shares of the company’s stock worth $77,204,000 after acquiring an additional 502,638 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in American Outdoor Brands by 6.5% during the fourth quarter. Bank of New York Mellon Corp now owns 314,854 shares of the company’s stock worth $4,043,000 after acquiring an additional 19,219 shares in the last quarter. Jefferies Group LLC bought a new position in American Outdoor Brands during the fourth quarter worth $379,000. Finally, Sciencast Management LP bought a new position in American Outdoor Brands during the fourth quarter worth $139,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.
About American Outdoor Brands
American Outdoor Brands Corporation designs, manufactures, and sells firearms worldwide. It operates in two segments, Firearms, and Outdoor Products & Accessories. The company offers handguns, long guns, handcuffs, sporting and hunting rifles, black powder firearms, and firearm-related products and accessories.
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