American Outdoor Brands Corporation (NASDAQ:AOBC)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Group LLC in a report released on Friday. They presently have a $17.00 price target on the stock, down from their previous price target of $20.00. Jefferies Group LLC’s price target points to a potential upside of 22.13% from the stock’s current price.

Other equities analysts also recently issued research 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 research note on Thursday, July 6th. Aegis reiterated a “buy” rating and set a $25.00 price target on shares of American Outdoor Brands Corporation in a research note on Monday, August 21st. ValuEngine upgraded American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Cowen and Company reiterated a “buy” rating and set a $19.00 price target (down previously from $27.00) on shares of American Outdoor Brands Corporation in a research note on Friday. Finally, Forward View reiterated a “hold” rating on shares of American Outdoor Brands Corporation in a research note on Wednesday, July 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $19.37.

American Outdoor Brands Corporation (AOBC) traded down 17.83% during mid-day trading on Friday, reaching $13.92. The company had a trading volume of 10,293,881 shares. The stock has a 50 day moving average price of $18.70 and a 200 day moving average price of $20.74. American Outdoor Brands Corporation has a one year low of $13.74 and a one year high of $29.25. The company has a market capitalization of $750.08 million, a P/E ratio of 6.19 and a beta of 0.11.

American Outdoor Brands Corporation (NASDAQ:AOBC) last released its quarterly earnings results on Thursday, September 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by $0.09. The company had revenue of $129.02 million for 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%. American Outdoor Brands Corporation’s revenue for the quarter was down 37.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. On average, equities analysts expect that American Outdoor Brands Corporation will post $1.54 earnings per share for the current fiscal year.

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Institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can bought a new position in shares of American Outdoor Brands Corporation during the 1st quarter worth approximately $105,000. Envestnet Asset Management Inc. bought a new position in shares of American Outdoor Brands Corporation during the 1st quarter worth approximately $107,000. O Shaughnessy Asset Management LLC bought a new position in shares of American Outdoor Brands Corporation during the 1st quarter worth approximately $108,000. Tower Research Capital LLC TRC bought a new position in shares of American Outdoor Brands Corporation during the 2nd quarter worth approximately $108,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of American Outdoor Brands Corporation during the 1st quarter worth approximately $110,000. 72.61% of the stock is currently owned by hedge funds and other institutional investors.

About American Outdoor Brands Corporation

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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