American Outdoor Brands Corporation (NASDAQ:AOBC)‘s stock had its “neutral” rating restated by Wedbush in a research note issued on Friday. They presently have a $16.00 price objective on the stock, down from their prior price objective of $20.00. Wedbush’s price target indicates a potential upside of 14.94% from the stock’s previous close. Wedbush also issued estimates for American Outdoor Brands Corporation’s Q3 2018 earnings at $0.45 EPS and Q4 2018 earnings at $0.60 EPS.

AOBC has been the subject of several other reports. Zacks Investment Research cut shares of American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Cowen and Company reaffirmed a “buy” rating and set a $19.00 price objective (down from $27.00) on shares of American Outdoor Brands Corporation in a research report on Friday. Vetr raised shares of American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 price objective for the company in a research report on Monday, July 24th. ValuEngine cut shares of American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Forward View reaffirmed a “hold” rating on shares of American Outdoor Brands Corporation in a research report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. American Outdoor Brands Corporation has a consensus rating of “Hold” and a consensus target price of $19.37.

Shares of American Outdoor Brands Corporation (NASDAQ:AOBC) traded down 17.83% during trading on Friday, hitting $13.92. The stock had a trading volume of 10,293,881 shares. The stock’s 50 day moving average price is $18.70 and its 200-day moving average price is $20.74. The stock has a market cap of $750.08 million, a P/E ratio of 6.19 and a beta of 0.11. American Outdoor Brands Corporation has a one year low of $13.74 and a one year high of $28.57.

American Outdoor Brands Corporation (NASDAQ:AOBC) last released its quarterly earnings data on Thursday, September 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.09. The firm had revenue of $129.02 million for the quarter, compared to analysts’ expectations of $147.24 million. American Outdoor Brands Corporation had a return on equity of 27.85% and a net margin of 10.96%. American Outdoor Brands Corporation’s revenue for the quarter was down 37.7% on a year-over-year basis. During the same period last year, the firm posted $0.66 earnings per share. 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 and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new position in American Outdoor Brands Corporation in the second quarter valued at $108,000. Great West Life Assurance Co. Can acquired a new position in American Outdoor Brands Corporation in the first quarter valued at $105,000. Envestnet Asset Management Inc. acquired a new position in American Outdoor Brands Corporation in the first quarter valued at $107,000. O Shaughnessy Asset Management LLC acquired a new position in American Outdoor Brands Corporation in the first quarter valued at $108,000. Finally, Pacad Investment Ltd. acquired a new position in American Outdoor Brands Corporation in the second quarter valued at $122,000. 72.61% of the stock is 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.

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

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