American Outdoor Brands (NASDAQ:AOBC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.
According to Zacks, “American Outdoor Brands Corporation is a manufacturer and seller of firearms and accessory products for the shooting, hunting and outdoor enthusiast. The company’s product comprises pistols, revolvers, rifles, guns, handcuffs and firearm-related products and accessories. It sells its products under the brand name Smith & Wesson, M&P, Thompson/Centre and Performance Centre. American Outdoor Brands Corporation, formerly known as Smith & Wesson Holding Corporation, is based in Springfield, Massachusetts. “
AOBC has been the topic of several other reports. Lake Street Capital dropped their price objective on American Outdoor Brands from $17.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, November 17th. Cowen reaffirmed a “buy” rating and set a $19.00 price objective on shares of American Outdoor Brands in a research report on Friday, December 8th. ValuEngine raised American Outdoor Brands from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Craig Hallum dropped their price objective on American Outdoor Brands from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Friday, December 8th. Finally, Wedbush set a $20.00 price objective on American Outdoor Brands and gave the company a “buy” rating in a research report on Friday, December 8th. Eight research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $18.80.
American Outdoor Brands (NASDAQ:AOBC) last released its quarterly earnings data 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 return on equity of 19.29% and a net margin of 8.27%. The company had revenue of $148.40 million for the quarter, compared to analysts’ expectations of $142.10 million. The firm’s revenue for the quarter was down 36.5% compared to the same quarter last year. equities research analysts expect 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 stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $13.97, for a total value of $53,113.94. Following the transaction, the director now owns 8,526 shares of the company’s stock, valued at $119,108.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.31% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. raised its stake in shares of American Outdoor Brands by 72.3% in the third quarter. Victory Capital Management Inc. now owns 9,683 shares of the company’s stock worth $148,000 after buying an additional 4,062 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of American Outdoor Brands by 34.4% in the second quarter. PNC Financial Services Group Inc. now owns 7,425 shares of the company’s stock worth $164,000 after buying an additional 1,900 shares during the period. Quantum Capital Management bought a new position in shares of American Outdoor Brands in the third quarter worth about $173,000. Symons Capital Management Inc. bought a new position in shares of American Outdoor Brands in the third quarter worth about $192,000. Finally, Quantbot Technologies LP raised its stake in shares of American Outdoor Brands by 114.6% in the third quarter. Quantbot Technologies LP now owns 15,185 shares of the company’s stock worth $231,000 after buying an additional 8,110 shares during the period. 71.28% of the stock is currently owned by institutional investors.
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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.
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