American Outdoor Brands Corporation (NASDAQ:AOBC)‘s stock had its “hold” rating reiterated by analysts at Jefferies Group LLC in a report released on Wednesday. They currently have a $17.00 price target on the stock. Jefferies Group LLC’s target price points to a potential upside of 14.17% from the stock’s current price.

Several other analysts have also weighed in on the company. Craig Hallum reissued a “hold” rating and issued a $17.00 price objective on shares of American Outdoor Brands Corporation in a report on Wednesday. Forward View raised American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. TheStreet lowered American Outdoor Brands Corporation from a “b” rating to a “c” rating in a report on Thursday, September 7th. Wedbush reissued a “neutral” rating and issued a $16.00 price objective (down from $20.00) on shares of American Outdoor Brands Corporation in a report on Friday, September 8th. Finally, Lake Street Capital lowered their price objective on American Outdoor Brands Corporation from $17.00 to $13.00 and set a “hold” rating for the company in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $19.37.

American Outdoor Brands Corporation (NASDAQ:AOBC) traded down 5.16% on Wednesday, reaching $14.89. The company had a trading volume of 5,118,931 shares. The firm has a market capitalization of $804.07 million, a PE ratio of 9.23 and a beta of 0.11. The stock has a 50 day moving average of $17.43 and a 200 day moving average of $20.51. American Outdoor Brands Corporation has a 12 month low of $13.28 and a 12 month high of $28.57.

American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its quarterly earnings data on Thursday, September 7th. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.09). The firm 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%. The firm’s quarterly revenue was down 37.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 earnings per share. On average, analysts anticipate that American Outdoor Brands Corporation will post $1.15 EPS for the current year.

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Hedge funds have recently modified their holdings of the stock. Canada Pension Plan Investment Board bought a new position in American Outdoor Brands Corporation in the 1st quarter worth approximately $636,000. Ameriprise Financial Inc. bought a new position in American Outdoor Brands Corporation in the 1st quarter worth approximately $515,000. Principal Financial Group Inc. bought a new position in American Outdoor Brands Corporation in the 1st quarter worth approximately $1,200,000. USA Mutuals Advisors Inc. bought a new position in American Outdoor Brands Corporation in the 1st quarter worth approximately $9,905,000. Finally, State Board of Administration of Florida Retirement System bought a new position in American Outdoor Brands Corporation in the 1st quarter worth approximately $815,000. 72.53% of the stock is owned by institutional investors and hedge funds.

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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