Stock analysts at Aegis began coverage on shares of American Outdoor Brands Corporation (NASDAQ:AOBC) in a research report issued on Monday, The Fly reports. The brokerage set a “buy” rating on the stock.

Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Vetr downgraded American Outdoor Brands Corporation from a “buy” rating to a “hold” rating and set a $22.98 price target for the company. in a report on Tuesday, May 9th. ValuEngine downgraded American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Forward View reiterated a “hold” rating on shares of American Outdoor Brands Corporation in a research note on Wednesday, July 5th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 price objective on shares of American Outdoor Brands Corporation in a research note on Friday, April 28th. Nine equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. American Outdoor Brands Corporation presently has a consensus rating of “Hold” and an average price target of $23.34.

American Outdoor Brands Corporation (NASDAQ:AOBC) opened at 18.78 on Monday. American Outdoor Brands Corporation has a 52-week low of $17.50 and a 52-week high of $30.08. The firm’s 50-day moving average is $20.48 and its 200-day moving average is $21.03. The company has a market cap of $1.01 billion, a PE ratio of 8.35 and a beta of 0.01.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its quarterly earnings data on Thursday, June 29th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.19. The firm had revenue of $229.20 million for 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 for the quarter 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.

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In related news, Director Robert L. Scott sold 10,000 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the director now owns 57,448 shares of the company’s stock, valued at $1,378,752. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.31% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in AOBC. Alps Advisors Inc. raised its position in shares of American Outdoor Brands Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 24,941 shares of the company’s stock worth $553,000 after buying an additional 65 shares in the last quarter. Suntrust Banks Inc. raised its position in shares of American Outdoor Brands Corporation by 1.7% in the second quarter. Suntrust Banks Inc. now owns 13,698 shares of the company’s stock worth $303,000 after buying an additional 226 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of American Outdoor Brands Corporation by 1.8% in the first quarter. Public Employees Retirement System of Ohio now owns 25,847 shares of the company’s stock worth $512,000 after buying an additional 460 shares in the last quarter. First Manhattan Co. raised its position in shares of American Outdoor Brands Corporation by 0.7% in the second quarter. First Manhattan Co. now owns 73,959 shares of the company’s stock worth $1,638,000 after buying an additional 545 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of American Outdoor Brands Corporation by 1.7% in the second quarter. Rhumbline Advisers now owns 60,612 shares of the company’s stock worth $1,343,000 after buying an additional 1,000 shares in the last quarter. 71.08% of the stock is currently owned by hedge funds and other 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.

The Fly

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

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