Shares of American Outdoor Brands Corporation (NASDAQ:AOBC) have been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $18.80.

A number of equities research analysts recently weighed in on the company. Vetr cut American Outdoor Brands Corporation from a “strong-buy” rating to a “buy” rating and set a $24.67 price objective for the company. in a research note on Thursday, July 6th. Cowen and Company reaffirmed a “buy” rating and set a $19.00 target price (down from $27.00) on shares of American Outdoor Brands Corporation in a research report on Friday. Craig Hallum reduced their target price on American Outdoor Brands Corporation from $23.00 to $15.00 and set a “hold” rating on the stock in a research report on Friday. Lake Street Capital reduced their target price on American Outdoor Brands Corporation from $17.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Wedbush reaffirmed a “neutral” rating and set a $16.00 target price (down from $20.00) on shares of American Outdoor Brands Corporation in a research report on Friday.

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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 has a 50-day moving average price of $18.70 and a 200 day moving average price of $20.74. The company 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 12 month low of $13.74 and a 12 month high of $28.57.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its quarterly earnings data on Thursday, September 7th. The company reported $0.02 earnings per share 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 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%. The company’s revenue for the quarter was down 37.7% compared to the same quarter last year. During the same quarter 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 fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AOBC. Vanguard Group Inc. purchased a new position in shares of American Outdoor Brands Corporation in the first quarter valued at approximately $173,622,000. BlackRock Inc. purchased a new position in shares of American Outdoor Brands Corporation in the first quarter valued at approximately $93,810,000. Dimensional Fund Advisors LP purchased a new position in shares of American Outdoor Brands Corporation in the first quarter valued at approximately $39,185,000. Prudential Financial Inc. purchased a new position in shares of American Outdoor Brands Corporation in the first quarter valued at approximately $17,611,000. Finally, Geode Capital Management LLC purchased a new position in shares of American Outdoor Brands Corporation in the first quarter valued at approximately $16,784,000. Institutional investors and hedge funds own 72.61% of the company’s stock.

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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