Recent Analysts’ Ratings Updates for American Outdoor Brands (AOBC)

A number of firms have modified their ratings and price targets on shares of American Outdoor Brands (NASDAQ: AOBC) recently:

  • 2/8/2019 – American Outdoor Brands was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. 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. “
  • 2/4/2019 – American Outdoor Brands was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/29/2019 – American Outdoor Brands was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/25/2019 – American Outdoor Brands was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Shares of AOBC stock traded up $0.07 during midday trading on Monday, reaching $12.12. 233,200 shares of the stock were exchanged, compared to its average volume of 547,061. American Outdoor Brands Corp has a 1 year low of $8.32 and a 1 year high of $15.95. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 2.88. The company has a market capitalization of $657.21 million, a price-to-earnings ratio of 26.35 and a beta of -0.16.

American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings results on Thursday, December 6th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. American Outdoor Brands had a return on equity of 9.60% and a net margin of 5.30%. The firm had revenue of $161.70 million for the quarter, compared to analysts’ expectations of $154.67 million. During the same period in the previous year, the firm posted $0.11 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. Sell-side analysts forecast that American Outdoor Brands Corp will post 0.72 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its position in American Outdoor Brands by 18.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 32,060 shares of the company’s stock valued at $412,000 after acquiring an additional 5,080 shares in the last quarter. AlphaCrest Capital Management LLC bought a new position in shares of American Outdoor Brands during the 4th quarter valued at $172,000. ETRADE Capital Management LLC bought a new position in shares of American Outdoor Brands during the 4th quarter valued at $297,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of American Outdoor Brands by 8.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 119,626 shares of the company’s stock valued at $1,539,000 after buying an additional 9,313 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of American Outdoor Brands by 8.5% during the 4th quarter. BlackRock Inc. now owns 7,107,511 shares of the company’s stock valued at $91,403,000 after buying an additional 556,464 shares during the period. 64.70% of the stock is currently owned by institutional investors and hedge funds.

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.

Featured Story: Why is Cost of Capital Important?

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

Leave a Reply