American Outdoor Brands Corporation (NASDAQ:AOBC) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of American Outdoor Brands Corporation (NASDAQ:AOBC) from a sell rating to a hold rating in a report published on Tuesday, July 4th.

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. “

AOBC has been the subject of a number of other reports. Vetr lowered shares of American Outdoor Brands Corporation from a strong-buy rating to a buy rating and set a $21.22 price objective for the company. in a report on Wednesday, March 29th. ValuEngine lowered shares of American Outdoor Brands Corporation from a buy rating to a hold rating in a report on Tuesday, June 27th. Jefferies Group LLC restated a hold rating and issued a $20.00 price objective on shares of American Outdoor Brands Corporation in a report on Friday, April 28th. Finally, Wunderlich restated an outperform rating and issued a $17.00 price objective on shares of American Outdoor Brands Corporation in a report on Friday, April 14th. Nine equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $23.34.

Shares of American Outdoor Brands Corporation (NASDAQ AOBC) opened at 20.45 on Tuesday. The firm has a market cap of $1.10 billion, a P/E ratio of 9.09 and a beta of 0.04. The company’s 50 day moving average price is $22.32 and its 200-day moving average price is $21.14. American Outdoor Brands Corporation has a 12-month low of $17.50 and a 12-month high of $31.19.

American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its quarterly earnings data on Thursday, June 29th. The company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.19. The firm had revenue of $229.20 million during the quarter, compared to analyst estimates of $210.82 million. American Outdoor Brands Corporation had a net margin of 13.87% and a return on equity of 37.76%. The firm’s revenue was up 3.7% on a year-over-year basis. On average, equities research analysts anticipate that American Outdoor Brands Corporation will post $1.56 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “American Outdoor Brands Corporation (NASDAQ:AOBC) Upgraded at Zacks Investment Research” was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://www.chaffeybreeze.com/2017/07/30/american-outdoor-brands-corporation-nasdaqaobc-stock-rating-upgraded-by-zacks-investment-research-updated-updated-updated.html.

In related news, Director Robert L. Scott sold 10,000 shares of American Outdoor Brands Corporation stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the director now directly owns 57,448 shares of the company’s stock, valued at $1,378,752. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.94% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Great West Life Assurance Co. Can purchased a new position in shares of American Outdoor Brands Corporation during the first quarter valued at approximately $105,000. Envestnet Asset Management Inc. bought a new position in shares of American Outdoor Brands Corporation during the first quarter worth about $107,000. O Shaughnessy Asset Management LLC bought a new position in shares of American Outdoor Brands Corporation during the first quarter worth about $108,000. PNC Financial Services Group Inc. bought a new position in shares of American Outdoor Brands Corporation during the first quarter worth about $110,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of American Outdoor Brands Corporation during the first quarter worth about $111,000. 72.21% of the stock is currently owned by institutional investors.

American Outdoor Brands Corporation Company Profile

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.

Get a free copy of the Zacks research report on American Outdoor Brands Corporation (AOBC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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