American Outdoor Brands (NASDAQ:AOBC) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Other equities analysts also recently issued reports about the stock. Aegis reiterated a “buy” rating and set a $23.00 price target on shares of American Outdoor Brands in a report on Wednesday, September 20th. Forward View upgraded shares of American Outdoor Brands from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Cowen reiterated a “buy” rating and set a $19.00 price target (down from $27.00) on shares of American Outdoor Brands in a report on Friday, September 8th. Wedbush set a $20.00 price target on shares of American Outdoor Brands and gave the company a “buy” rating in a report on Friday, December 8th. Finally, TheStreet downgraded shares of American Outdoor Brands from a “b” rating to a “c” rating in a report on Thursday, September 7th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $19.37.

Shares of American Outdoor Brands (NASDAQ:AOBC) opened at $13.58 on Thursday. American Outdoor Brands has a fifty-two week low of $12.46 and a fifty-two week high of $24.49. The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 0.52. The firm has a market cap of $734.87, a PE ratio of 9.99, a PEG ratio of 1.50 and a beta of -0.13.

American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. The company had revenue of $148.40 million for the quarter, compared to the consensus estimate of $142.10 million. American Outdoor Brands had a net margin of 8.27% and a return on equity of 19.29%. The firm’s revenue was down 36.5% compared to the same quarter last year. research analysts anticipate that American Outdoor Brands will post 0.61 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC bought a new position in American Outdoor Brands in the 2nd quarter worth about $108,000. Pacad Investment Ltd. bought a new position in American Outdoor Brands in the 2nd quarter worth about $122,000. Victory Capital Management Inc. bought a new position in American Outdoor Brands in the 2nd quarter worth about $125,000. Quantbot Technologies LP bought a new position in American Outdoor Brands in the 2nd quarter worth about $156,000. Finally, PNC Financial Services Group Inc. grew its stake in American Outdoor Brands by 34.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,425 shares of the company’s stock worth $164,000 after acquiring an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 71.59% of the company’s stock.

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American Outdoor Brands 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.

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Analyst Recommendations for American Outdoor Brands (NASDAQ:AOBC)

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