American Outdoor Brands Corporation (NASDAQ:AOBC) Downgraded to “Hold” at ValuEngine

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.

TRADEMARK VIOLATION WARNING: “American Outdoor Brands Corporation (NASDAQ:AOBC) Downgraded to “Hold” at ValuEngine” was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.chaffeybreeze.com/2017/07/28/american-outdoor-brands-corporation-nasdaqaobc-cut-to-hold-at-valuengine-updated-updated-updated.html.

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.

Analyst Recommendations for American Outdoor Brands Corporation (NASDAQ:AOBC)

Receive News & Ratings for American Outdoor Brands Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Outdoor Brands Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply