American Outdoor Brands Corporation (NASDAQ:AOBC)‘s stock had its “buy” rating reaffirmed by investment analysts at Aegis in a research report issued on Monday, Marketbeat.com reports. They currently have a $25.00 price target on the stock. Aegis’ price target would suggest a potential upside of 38.54% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Vetr downgraded American Outdoor Brands Corporation from a “strong-buy” rating to a “buy” rating and set a $24.67 price target for the company. in a report on Thursday, July 6th. Cowen and Company raised their price target on American Outdoor Brands Corporation from $24.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, June 30th. Jefferies Group LLC restated a “hold” rating and set a $20.00 price target on shares of American Outdoor Brands Corporation in a report on Friday, June 30th. Forward View restated a “hold” rating on shares of American Outdoor Brands Corporation in a report on Wednesday, July 5th. Finally, Wedbush raised their price target on American Outdoor Brands Corporation from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, June 2nd. Nine investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $23.50.

American Outdoor Brands Corporation (NASDAQ AOBC) opened at 18.0886 on Monday. American Outdoor Brands Corporation has a one year low of $17.50 and a one year high of $30.08. The firm has a market cap of $974.70 million, a PE ratio of 8.0394 and a beta of 0.01. The company’s 50-day moving average is $20.38 and its 200 day moving average is $21.01.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its quarterly earnings results on Thursday, June 29th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.19. American Outdoor Brands Corporation had a return on equity of 37.76% and a net margin of 13.87%. The firm had revenue of $229.20 million during the quarter, compared to the consensus estimate of $210.82 million. American Outdoor Brands Corporation’s revenue was up 3.7% compared to the same quarter last year. Equities analysts anticipate that American Outdoor Brands Corporation will post $1.56 earnings per share for the current year.

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In related news, Director Robert L. Scott sold 10,000 shares of the 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 sale, the director now directly owns 57,448 shares of the company’s stock, valued at $1,378,752. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.31% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can acquired a new stake in American Outdoor Brands Corporation during the first quarter valued at approximately $105,000. Envestnet Asset Management Inc. acquired a new stake in American Outdoor Brands Corporation during the first quarter valued at approximately $107,000. O Shaughnessy Asset Management LLC acquired a new stake in American Outdoor Brands Corporation during the first quarter valued at approximately $108,000. Tower Research Capital LLC TRC acquired a new stake in American Outdoor Brands Corporation during the second quarter valued at approximately $108,000. Finally, PNC Financial Services Group Inc. acquired a new stake in American Outdoor Brands Corporation during the first quarter valued at approximately $110,000. 71.08% 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.

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

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