American Outdoor Brands Corporation (NASDAQ:AOBC) had its price objective dropped by research analysts at Lake Street Capital from $17.00 to $13.00 in a research report issued to clients and investors on Friday, MarketBeat.com reports. The brokerage presently has a “hold” rating on the stock. Lake Street Capital’s price objective indicates a potential downside of 23.26% from the stock’s previous close.

A number of other brokerages also recently issued reports on AOBC. Zacks Investment Research downgraded American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Wunderlich reaffirmed a “hold” rating and issued a $22.00 price target on shares of American Outdoor Brands Corporation in a report on Friday, June 23rd. ValuEngine downgraded American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Wedbush upped 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. Finally, Jefferies Group LLC reaffirmed a “hold” rating on shares of American Outdoor Brands Corporation in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $20.28.

Shares of American Outdoor Brands Corporation (NASDAQ AOBC) traded down 17.24% during trading on Friday, hitting $14.02. 7,159,298 shares of the company traded hands. American Outdoor Brands Corporation has a 52-week low of $13.78 and a 52-week high of $29.25. The stock has a market capitalization of $755.47 million, a PE ratio of 6.23 and a beta of 0.11. The company has a 50-day moving average of $18.91 and a 200-day moving average of $20.79.

American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.09. The business had revenue of $129.02 million during the quarter, compared to analyst estimates of $147.24 million. American Outdoor Brands Corporation had a net margin of 13.87% and a return on equity of 37.76%. The business’s revenue for the quarter was down 37.7% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. Equities analysts expect that American Outdoor Brands Corporation will post $1.54 EPS for the current year.

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Institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter worth approximately $105,000. Envestnet Asset Management Inc. purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter worth approximately $107,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter worth approximately $108,000. Tower Research Capital LLC TRC purchased a new stake in shares of American Outdoor Brands Corporation during the second quarter worth approximately $108,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter worth approximately $110,000. Institutional investors and hedge funds own 72.61% of the company’s stock.

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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