American Outdoor Brands Corporation (NASDAQ:AOBC) had its price target decreased by analysts at Craig Hallum from $23.00 to $15.00 in a report issued on Friday, The Fly reports. The brokerage presently has a “hold” rating on the stock. Craig Hallum’s target price points to a potential downside of 11.45% from the company’s current price.

A number of other research firms have also commented on AOBC. Zacks Investment Research lowered shares of American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Wunderlich reaffirmed a “hold” rating and set a $22.00 price target on shares of American Outdoor Brands Corporation in a research report on Friday, June 23rd. ValuEngine lowered shares of American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Wedbush raised their price target on shares of American Outdoor Brands Corporation from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC reiterated a “hold” rating on shares of American Outdoor Brands Corporation in a research note 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 assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $20.91.

Shares of American Outdoor Brands Corporation (AOBC) opened at 16.94 on Friday. American Outdoor Brands Corporation has a 12 month low of $16.00 and a 12 month high of $29.25. The firm has a market capitalization of $912.81 million, a price-to-earnings ratio of 7.53 and a beta of 0.11. The stock’s 50 day moving average is $18.91 and its 200 day moving average is $20.79.

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

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Institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in shares of American Outdoor Brands Corporation in the 2nd quarter valued at approximately $108,000. Great West Life Assurance Co. Can acquired a new stake in shares of American Outdoor Brands Corporation in the 1st quarter valued at approximately $105,000. Envestnet Asset Management Inc. acquired a new stake in shares of American Outdoor Brands Corporation in the 1st quarter valued at approximately $107,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of American Outdoor Brands Corporation in the 1st quarter valued at approximately $108,000. Finally, Pacad Investment Ltd. acquired a new stake in shares of American Outdoor Brands Corporation in the 2nd quarter valued at approximately $122,000. Institutional investors 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.

The Fly

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

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