American Outdoor Brands Corporation (NASDAQ:AOBC) was the recipient of a large growth in short interest in September. As of September 29th, there was short interest totalling 7,268,251 shares, a growth of 21.3% from the September 15th total of 5,993,115 shares. Currently, 13.8% of the company’s shares are sold short. Based on an average daily trading volume, of 2,240,890 shares, the short-interest ratio is presently 3.2 days.

American Outdoor Brands Corporation (NASDAQ AOBC) opened at 14.35 on Thursday. The company has a market capitalization of $774.91 million, a PE ratio of 8.90 and a beta of -0.02. American Outdoor Brands Corporation has a one year low of $13.28 and a one year high of $28.57. The company has a 50 day moving average price of $15.65 and a 200-day moving average price of $20.05.

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 the Thomson Reuters’ consensus estimate of $0.11 by ($0.09). American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. The firm had revenue of $129.02 million for the quarter, compared to the consensus estimate of $147.24 million. During the same quarter in the prior year, the firm earned $0.66 earnings per share. The company’s revenue for the quarter was down 37.7% compared to the same quarter last year. Analysts expect that American Outdoor Brands Corporation will post $1.14 EPS for the current fiscal year.

A number of equities analysts have issued reports on AOBC shares. ValuEngine upgraded American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research cut American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Wedbush restated a “neutral” rating and set a $16.00 price target (down from $20.00) on shares of American Outdoor Brands Corporation in a report on Friday, September 8th. Vetr upgraded American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 price target on the stock in a report on Monday, August 7th. Finally, Jefferies Group LLC restated a “hold” rating and set a $17.00 price target (down from $20.00) on shares of American Outdoor Brands Corporation in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. American Outdoor Brands Corporation has a consensus rating of “Hold” and a consensus target price of $19.68.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AOBC. Great West Life Assurance Co. Can bought a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at approximately $105,000. Envestnet Asset Management Inc. bought a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at approximately $107,000. O Shaughnessy Asset Management LLC bought a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at approximately $108,000. Tower Research Capital LLC TRC bought a new stake in shares of American Outdoor Brands Corporation during the second quarter valued at approximately $108,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at approximately $110,000. Institutional investors own 72.53% of the company’s stock.

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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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