American Outdoor Brands Corp (AOBC) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of American Outdoor Brands Corp (NASDAQ:AOBC) have been assigned a consensus recommendation of “Buy” from the fourteen analysts that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $18.56.

A number of equities research analysts recently issued reports on the stock. ValuEngine cut shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Friday. Forward View cut shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Sunday, December 10th. Ifs Securities upgraded shares of American Outdoor Brands from an “outperform” rating to a “strong-buy” rating in a report on Friday, December 8th. They noted that the move was a valuation call. Lake Street Capital reiterated a “hold” rating and issued a $11.00 price objective (down from $13.00) on shares of American Outdoor Brands in a report on Friday, December 8th. Finally, Craig Hallum decreased their price objective on shares of American Outdoor Brands from $17.00 to $15.00 and set a “hold” rating for the company in a report on Friday, December 8th.

American Outdoor Brands (NASDAQ:AOBC) traded up $0.03 during trading on Tuesday, hitting $10.54. 1,198,381 shares of the stock traded hands, compared to its average volume of 1,284,217. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 1.91. American Outdoor Brands has a fifty-two week low of $10.24 and a fifty-two week high of $24.49. The stock has a market cap of $569.82, a PE ratio of 9.76, a P/E/G ratio of 1.23 and a beta of -0.24.

American Outdoor Brands (NASDAQ:AOBC) last posted 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. American Outdoor Brands had a net margin of 8.27% and a return on equity of 19.29%. The business had revenue of $148.40 million for the quarter, compared to analysts’ expectations of $142.10 million. The firm’s quarterly revenue was down 36.5% on a year-over-year basis. research analysts anticipate that American Outdoor Brands will post 0.61 earnings per share for the current year.

In other American Outdoor Brands news, Director Robert H. Brust sold 3,802 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $13.97, for a total transaction of $53,113.94. Following the completion of the sale, the director now directly owns 8,526 shares in the company, valued at $119,108.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.31% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of American Outdoor Brands by 2.8% during the second quarter. BlackRock Inc. now owns 4,868,787 shares of the company’s stock valued at $107,892,000 after buying an additional 133,299 shares during the last quarter. State Street Corp raised its position in shares of American Outdoor Brands by 6.7% during the second quarter. State Street Corp now owns 1,036,174 shares of the company’s stock valued at $22,962,000 after buying an additional 64,749 shares during the last quarter. Northern Trust Corp raised its position in shares of American Outdoor Brands by 5.2% during the second quarter. Northern Trust Corp now owns 787,335 shares of the company’s stock valued at $17,447,000 after buying an additional 38,968 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of American Outdoor Brands by 20.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 440,241 shares of the company’s stock valued at $5,653,000 after buying an additional 75,943 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of American Outdoor Brands by 13.4% during the third quarter. Royce & Associates LP now owns 340,665 shares of the company’s stock valued at $5,195,000 after buying an additional 40,300 shares during the last quarter. Institutional investors own 71.27% of the company’s stock.

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About American Outdoor Brands

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 (NASDAQ:AOBC)

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