American Outdoor Brands Corporation (NASDAQ:AOBC) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 6,463,192 shares, a drop of 13.2% from the August 15th total of 7,449,420 shares. Based on an average trading volume of 1,185,356 shares, the days-to-cover ratio is currently 5.5 days. Currently, 12.3% of the shares of the stock are sold short.

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

A number of analysts have recently issued reports on the company. Forward View upgraded American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday. TheStreet downgraded American Outdoor Brands Corporation from a “b” rating to a “c” rating in a research report on Thursday, September 7th. Jefferies Group LLC reiterated a “hold” rating and set a $17.00 price target (down previously from $20.00) on shares of American Outdoor Brands Corporation in a research report on Friday, September 8th. Wedbush reiterated a “neutral” rating and set a $16.00 price target (down previously from $20.00) on shares of American Outdoor Brands Corporation in a research report on Friday, September 8th. Finally, Lake Street Capital dropped their price target on American Outdoor Brands Corporation from $17.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $19.37.

American Outdoor Brands Corporation (NASDAQ:AOBC) opened at 14.26 on Friday. American Outdoor Brands Corporation has a one year low of $13.28 and a one year high of $28.57. The company’s 50 day moving average price is $17.75 and its 200-day moving average price is $20.55. The stock has a market capitalization of $770.05 million, a PE ratio of 8.84 and a beta of 0.11.

American Outdoor Brands Corporation (NASDAQ:AOBC) last posted its quarterly earnings data on Thursday, September 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.09). The company had revenue of $129.02 million during the quarter, compared to the consensus estimate of $147.24 million. American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. American Outdoor Brands Corporation’s revenue for the quarter was down 37.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 earnings per share. Analysts expect that American Outdoor Brands Corporation will post $1.15 earnings per share for the current year.

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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.

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