Shares of American Outdoor Brands Corp (NASDAQ:AOBC) have been assigned a consensus rating of “Hold” from the twelve research firms that are currently covering the firm. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $20.63.
Several equities research analysts recently issued reports on AOBC shares. Lake Street Capital cut shares of American Outdoor Brands Corp from a “buy” rating to a “hold” rating and decreased their target price for the stock from $37.00 to $20.00 in a research report on Monday, November 21st. Wedbush reissued a “neutral” rating and issued a $25.00 target price (down from $32.00) on shares of American Outdoor Brands Corp in a research report on Friday, November 25th. Vetr cut shares of American Outdoor Brands Corp from a “strong-buy” rating to a “buy” rating and set a $26.33 target price on the stock. in a research report on Thursday, December 1st. Wunderlich reaffirmed a “hold” rating and set a $26.00 price target on shares of American Outdoor Brands Corp in a research report on Sunday, December 4th. Finally, Forward View set a $25.00 price target on shares of American Outdoor Brands Corp and gave the company a “buy” rating in a research report on Sunday, December 4th.
In other American Outdoor Brands Corp news, insider Jeffrey D. Buchanan purchased 10,000 shares of American Outdoor Brands Corp stock in a transaction on Monday, January 9th. The shares were purchased at an average cost of $20.92 per share, with a total value of $209,200.00. Following the completion of the transaction, the insider now directly owns 90,013 shares in the company, valued at approximately $1,883,071.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider P. James Debney purchased 25,000 shares of American Outdoor Brands Corp stock in a transaction on Tuesday, January 17th. The shares were acquired at an average cost of $20.50 per share, for a total transaction of $512,500.00. Following the completion of the transaction, the insider now owns 378,272 shares of the company’s stock, valued at $7,754,576. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 55,000 shares of company stock worth $1,137,200. 1.94% of the stock is currently owned by corporate insiders.
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Shares of American Outdoor Brands Corp (NASDAQ:AOBC) opened at 19.41 on Tuesday. The firm has a 50 day moving average of $19.63 and a 200-day moving average of $23.05. American Outdoor Brands Corp has a 12 month low of $17.50 and a 12 month high of $31.19. The stock has a market capitalization of $1.09 billion, a P/E ratio of 8.17 and a beta of 0.75.
American Outdoor Brands Corp (NASDAQ:AOBC) last released its earnings results on Thursday, March 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.11. American Outdoor Brands Corp had a net margin of 15.15% and a return on equity of 44.96%. The business had revenue of $233.50 million for the quarter, compared to analysts’ expectations of $235.06 million. During the same period last year, the company earned $0.59 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Analysts forecast that American Outdoor Brands Corp will post $2.36 earnings per share for the current year.
About American Outdoor Brands Corp
American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.
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