American Outdoor Brands (AOBC) Downgraded to Hold at Craig Hallum

American Outdoor Brands (NASDAQ:AOBC) was downgraded by investment analysts at Craig Hallum from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, The Fly reports.

AOBC has been the subject of a number of other research reports. BidaskClub upgraded American Outdoor Brands from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 14th. Zacks Investment Research upgraded American Outdoor Brands from a “sell” rating to a “hold” rating in a research note on Friday, August 31st. ValuEngine upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Wedbush set a $15.00 target price on American Outdoor Brands and gave the stock a “buy” rating in a research note on Saturday, September 1st. Finally, Lake Street Capital restated a “buy” rating and issued a $17.00 target price on shares of American Outdoor Brands in a research note on Friday, August 31st. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $14.60.

Shares of AOBC opened at $13.68 on Thursday. The firm has a market cap of $782.11 million, a PE ratio of 29.74 and a beta of -0.10. The company has a quick ratio of 0.82, a current ratio of 2.60 and a debt-to-equity ratio of 0.44. American Outdoor Brands has a 12 month low of $8.32 and a 12 month high of $15.95.

American Outdoor Brands (NASDAQ:AOBC) last issued its earnings results on Thursday, August 30th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.09. The company had revenue of $138.83 million during the quarter, compared to analyst estimates of $138.00 million. American Outdoor Brands had a return on equity of 8.67% and a net margin of 4.85%. Analysts forecast that American Outdoor Brands will post 0.67 earnings per share for the current year.

In other American Outdoor Brands news, Director John B. Furman sold 10,000 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $14.50, for a total transaction of $145,000.00. Following the sale, the director now directly owns 32,834 shares of the company’s stock, valued at approximately $476,093. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert H. Brust purchased 4,240 shares of the business’s stock in a transaction on Thursday, September 6th. The shares were bought at an average cost of $14.83 per share, for a total transaction of $62,879.20. Following the completion of the transaction, the director now directly owns 12,366 shares in the company, valued at approximately $183,387.78. The disclosure for this purchase can be found here. 2.47% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado grew its position in American Outdoor Brands by 308.3% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 11,093 shares of the company’s stock worth $172,000 after purchasing an additional 8,376 shares during the period. Verition Fund Management LLC acquired a new stake in American Outdoor Brands during the 2nd quarter worth about $133,000. Dynamic Technology Lab Private Ltd grew its position in American Outdoor Brands by 72.9% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 26,451 shares of the company’s stock worth $318,000 after purchasing an additional 11,154 shares during the period. Fisher Asset Management LLC acquired a new stake in American Outdoor Brands during the 2nd quarter worth about $153,000. Finally, Cornerstone Wealth Management LLC grew its position in American Outdoor Brands by 64.8% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 41,055 shares of the company’s stock worth $2,748,000 after purchasing an additional 16,147 shares during the period. 62.98% of the stock is currently owned by institutional investors.

About American Outdoor Brands

American Outdoor Brands Corporation designs, manufactures, and sells firearms worldwide. The company's Firearms segment offers handguns, long guns, handcuffs, suppressors, and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Gemtech, and Thompson/Center Arms brands.

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