Shares of American Outdoor Brands Corporation (NASDAQ:AOBC) have received an average recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $19.15.

AOBC has been the topic of a number of analyst reports. Zacks Investment Research cut American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Wunderlich reissued a “hold” rating and set a $22.00 price target on shares of American Outdoor Brands Corporation in a research report on Friday, June 23rd. ValuEngine cut American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Vetr raised American Outdoor Brands Corporation from a “sell” rating to a “strong-buy” rating and set a $26.01 price target for the company in a report on Tuesday, June 27th. Finally, Cowen and Company upped their price objective on American Outdoor Brands Corporation from $24.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, June 30th.

Institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers acquired a new position in shares of American Outdoor Brands Corporation during the 2nd quarter valued at about $1,070,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of American Outdoor Brands Corporation by 133.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 23,199 shares of the company’s stock worth $514,000 after acquiring an additional 92,246 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of American Outdoor Brands Corporation during the 2nd quarter worth about $108,000. The Manufacturers Life Insurance Company lifted its holdings in shares of American Outdoor Brands Corporation by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,111 shares of the company’s stock worth $955,000 after acquiring an additional 1,039 shares during the period. Finally, State Street Corp lifted its holdings in shares of American Outdoor Brands Corporation by 6.7% during the 2nd quarter. State Street Corp now owns 1,036,174 shares of the company’s stock worth $22,962,000 after acquiring an additional 64,749 shares during the period. Institutional investors own 72.53% of the company’s stock.

American Outdoor Brands Corporation (AOBC) traded down 0.06% during midday trading on Wednesday, reaching $16.11. 2,498,232 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $16.20 and a 200 day moving average price of $20.22. The company has a market cap of $869.97 million, a P/E ratio of 10.13 and a beta of -0.02. 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 issued its quarterly earnings data on Thursday, September 7th. The company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.09). American Outdoor Brands Corporation had a return on equity of 27.91% and a net margin of 10.96%. The business had revenue of $129.02 million for the quarter, compared to analysts’ expectations of $147.24 million. During the same period last year, the business earned $0.66 earnings per share. The company’s revenue for the quarter was down 37.7% on a year-over-year basis. On average, equities analysts anticipate that American Outdoor Brands Corporation will post $1.14 EPS 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.

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

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