Zacks Investment Research lowered shares of American Outdoor Brands (NASDAQ:AOBC) from a strong-buy rating to a hold rating in a research report released on Friday morning.
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. “
A number of other research analysts also recently issued reports on AOBC. ValuEngine upgraded shares of American Outdoor Brands from a hold rating to a buy rating in a research note on Monday, February 4th. Wedbush set a $15.00 price target on shares of American Outdoor Brands and gave the stock a buy rating in a research note on Friday, December 7th. BidaskClub downgraded shares of American Outdoor Brands from a sell rating to a strong sell rating in a research note on Friday, January 25th. Cowen reiterated a hold rating and issued a $12.00 price target on shares of American Outdoor Brands in a research note on Friday, December 7th. Finally, Craig Hallum downgraded shares of American Outdoor Brands from a buy rating to a hold rating and decreased their price target for the stock from $15.00 to $13.00 in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. American Outdoor Brands currently has a consensus rating of Hold and an average target price of $14.40.
NASDAQ AOBC opened at $12.05 on Friday. The company has a quick ratio of 1.11, a current ratio of 2.88 and a debt-to-equity ratio of 0.50. American Outdoor Brands has a one year low of $8.32 and a one year high of $15.95. The company has a market capitalization of $657.21 million, a PE ratio of 16.28 and a beta of -0.16.
American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings data on Thursday, December 6th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.06. American Outdoor Brands had a net margin of 5.30% and a return on equity of 9.60%. The business had revenue of $161.70 million during the quarter, compared to analyst estimates of $154.67 million. During the same quarter last year, the firm posted $0.11 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities research analysts anticipate that American Outdoor Brands will post 0.72 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of AOBC. FNY Investment Advisers LLC lifted its position in shares of American Outdoor Brands by 187.2% during the 4th quarter. FNY Investment Advisers LLC now owns 2,892 shares of the company’s stock worth $37,000 after buying an additional 1,885 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of American Outdoor Brands by 308.3% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 11,093 shares of the company’s stock worth $172,000 after buying an additional 8,376 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new stake in shares of American Outdoor Brands during the 3rd quarter worth approximately $206,000. Victory Capital Management Inc. purchased a new stake in shares of American Outdoor Brands during the 3rd quarter worth approximately $217,000. Finally, Jefferies Group LLC purchased a new stake in shares of American Outdoor Brands during the 3rd quarter worth approximately $278,000. Institutional investors own 64.70% of the company’s stock.
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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