Shares of American Outdoor Brands Corp (NASDAQ:AOBC) have earned an average recommendation of “Buy” from the eleven brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $16.14.
Several research analysts have recently weighed in on AOBC shares. ValuEngine upgraded shares of American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. BidaskClub lowered shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a research note on Thursday, July 12th. Zacks Investment Research lowered shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Lake Street Capital restated a “buy” rating and set a $17.00 price objective (up from $13.00) on shares of American Outdoor Brands in a research note on Thursday, June 28th. Finally, Cowen restated a “hold” rating and set a $12.00 price objective on shares of American Outdoor Brands in a research note on Friday, August 31st.
Shares of American Outdoor Brands stock traded up $0.08 during trading on Wednesday, hitting $15.69. 50,039 shares of the stock were exchanged, compared to its average volume of 1,491,584. The firm has a market capitalization of $834.33 million, a PE ratio of 34.11 and a beta of -0.12. American Outdoor Brands has a 1-year low of $8.32 and a 1-year high of $16.90. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.60 and a quick ratio of 0.82.
American Outdoor Brands (NASDAQ:AOBC) last released its quarterly earnings data on Thursday, August 30th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.09. The company had revenue of $138.83 million for the quarter, compared to analyst estimates of $138.00 million. American Outdoor Brands had a net margin of 4.85% and a return on equity of 8.67%. analysts expect that American Outdoor Brands will post 0.67 EPS for the current year.
In related news, Director John B. Furman sold 10,000 shares of American Outdoor Brands stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $14.50, for a total transaction of $145,000.00. Following the completion of the sale, the director now owns 32,834 shares of the company’s stock, valued at approximately $476,093. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert H. Brust bought 4,240 shares of American Outdoor Brands stock in a transaction that occurred on Thursday, September 6th. The shares were bought at an average cost of $14.83 per share, with a total value of $62,879.20. Following the acquisition, the director now directly owns 12,366 shares in the company, valued at approximately $183,387.78. The disclosure for this purchase can be found here. Insiders own 2.47% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of American Outdoor Brands by 13.2% during the 1st quarter. BlackRock Inc. now owns 6,804,867 shares of the company’s stock worth $70,226,000 after buying an additional 792,100 shares during the period. Dimensional Fund Advisors LP boosted its holdings in American Outdoor Brands by 44.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,444,518 shares of the company’s stock valued at $29,409,000 after purchasing an additional 751,236 shares during the period. Millennium Management LLC bought a new stake in American Outdoor Brands in the 2nd quarter valued at about $16,241,000. Point72 Asset Management L.P. boosted its holdings in American Outdoor Brands by 544.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 805,600 shares of the company’s stock valued at $9,691,000 after purchasing an additional 680,600 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in American Outdoor Brands by 16.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 592,568 shares of the company’s stock valued at $7,129,000 after purchasing an additional 85,813 shares during the period. 62.80% of the stock is owned by institutional investors and hedge funds.
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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