ValuEngine downgraded shares of American Outdoor Brands Corporation (NASDAQ:AOBC) from a buy rating to a hold rating in a research report sent to investors on Tuesday, June 27th.
Other analysts have also recently issued research reports about the company. Wunderlich reiterated an outperform rating and set a $17.00 price objective on shares of American Outdoor Brands Corporation in a research report on Friday, April 14th. Vetr cut American Outdoor Brands Corporation from a strong-buy rating to a buy rating and set a $21.76 price objective for the company. in a research report on Monday, March 13th. Finally, Zacks Investment Research upgraded American Outdoor Brands Corporation from a sell rating to a hold rating in a research report on Wednesday, May 3rd. Nine analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. American Outdoor Brands Corporation currently has a consensus rating of Hold and a consensus price target of $23.34.
Shares of American Outdoor Brands Corporation (AOBC) traded down 0.44% during midday trading on Tuesday, hitting $20.45. The stock had a trading volume of 593,353 shares. American Outdoor Brands Corporation has a 12 month low of $17.50 and a 12 month high of $31.19. The stock’s 50-day moving average is $22.41 and its 200-day moving average is $21.15. The stock has a market cap of $1.10 billion, a PE ratio of 9.09 and a beta of 0.04.
American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its quarterly earnings results on Thursday, June 29th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.19. The firm had revenue of $229.20 million for the quarter, compared to the consensus estimate of $210.82 million. American Outdoor Brands Corporation had a return on equity of 37.76% and a net margin of 13.87%. The firm’s revenue was up 3.7% on a year-over-year basis. Equities analysts anticipate that American Outdoor Brands Corporation will post $1.56 EPS for the current year.
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In other American Outdoor Brands Corporation news, Director Robert L. Scott sold 10,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the director now owns 57,448 shares in the company, valued at $1,378,752. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.94% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. bought a new stake in shares of American Outdoor Brands Corporation during the first quarter worth approximately $173,622,000. BlackRock Inc. bought a new stake in shares of American Outdoor Brands Corporation during the first quarter worth approximately $93,810,000. Dimensional Fund Advisors LP bought a new stake in shares of American Outdoor Brands Corporation during the first quarter worth approximately $39,185,000. LSV Asset Management acquired a new position in American Outdoor Brands Corporation during the first quarter worth $36,571,000. Finally, State Street Corp raised its position in American Outdoor Brands Corporation by 3.3% in the first quarter. State Street Corp now owns 971,425 shares of the company’s stock worth $19,244,000 after buying an additional 31,360 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.
About American Outdoor Brands Corporation
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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