American Outdoor Brands Corporation (NASDAQ:AOBC)‘s stock had its “buy” rating reissued by stock analysts at Cowen and Company in a report issued on Friday. They presently have a $19.00 price target on the stock, down from their prior price target of $27.00. Cowen and Company’s target price would suggest a potential upside of 36.49% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research cut American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine cut American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Ifs Securities assumed coverage on American Outdoor Brands Corporation in a report on Friday, September 1st. They issued an “outperform” rating and a $21.00 price target for the company. Aegis reaffirmed a “buy” rating and issued a $25.00 price target on shares of American Outdoor Brands Corporation in a report on Monday, August 21st. Finally, Vetr raised American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 price target for the company in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. American Outdoor Brands Corporation has a consensus rating of “Hold” and a consensus target price of $19.37.

American Outdoor Brands Corporation (AOBC) traded down 17.83% during mid-day trading on Friday, hitting $13.92. The company had a trading volume of 10,293,881 shares. The company has a 50-day moving average price of $18.70 and a 200 day moving average price of $20.74. The firm 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 has a 12 month low of $13.74 and a 12 month high of $28.57.

American Outdoor Brands Corporation (NASDAQ:AOBC) last released its quarterly earnings results 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 business had revenue of $129.02 million during the quarter, compared to analyst estimates of $147.24 million. American Outdoor Brands Corporation had a return on equity of 27.85% and a net margin of 10.96%. The business’s revenue for the quarter was down 37.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 EPS. Equities analysts forecast that American Outdoor Brands Corporation will post $1.54 EPS for the current fiscal year.

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Large investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can purchased a new stake in American Outdoor Brands Corporation during the 1st quarter worth approximately $105,000. Envestnet Asset Management Inc. purchased a new stake in American Outdoor Brands Corporation during the 1st quarter worth approximately $107,000. O Shaughnessy Asset Management LLC purchased a new stake in American Outdoor Brands Corporation during the 1st quarter worth approximately $108,000. Tower Research Capital LLC TRC purchased a new stake in American Outdoor Brands Corporation during the 2nd quarter worth approximately $108,000. Finally, PNC Financial Services Group Inc. purchased a new stake in American Outdoor Brands Corporation during the 1st quarter worth approximately $110,000. Institutional investors 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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