Dynamic Technology Lab Private Ltd boosted its stake in American Outdoor Brands Corp (NASDAQ:AOBC) by 279.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,332 shares of the company’s stock after acquiring an additional 73,881 shares during the period. Dynamic Technology Lab Private Ltd owned 0.18% of American Outdoor Brands worth $1,558,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of AOBC. Dimensional Fund Advisors LP raised its holdings in American Outdoor Brands by 67.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,096,162 shares of the company’s stock valued at $63,613,000 after acquiring an additional 1,651,644 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of American Outdoor Brands during the second quarter worth $16,241,000. Renaissance Technologies LLC acquired a new stake in shares of American Outdoor Brands during the third quarter worth $19,260,000. Point72 Asset Management L.P. raised its holdings in shares of American Outdoor Brands by 544.5% during the second quarter. Point72 Asset Management L.P. now owns 805,600 shares of the company’s stock worth $9,691,000 after purchasing an additional 680,600 shares during the period. Finally, Davidson Kempner Capital Management LP acquired a new stake in shares of American Outdoor Brands during the second quarter worth $6,755,000. 65.17% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on the stock. Wedbush set a $15.00 target price on shares of American Outdoor Brands and gave the stock a “buy” rating in a report on Friday. Cowen restated a “hold” rating and set a $12.00 price target on shares of American Outdoor Brands in a research report on Friday. Zacks Investment Research lowered shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 22nd. BidaskClub upgraded shares of American Outdoor Brands from a “sell” rating to a “hold” rating in a research report on Thursday, August 30th. Finally, ValuEngine lowered shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a research report on Friday, November 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $14.60.
American Outdoor Brands stock opened at $14.09 on Friday. The stock has a market cap of $664.09 million, a PE ratio of 16.50 and a beta of 0.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.60 and a quick ratio of 0.82. American Outdoor Brands Corp has a one year low of $8.32 and a one year high of $15.95.
American Outdoor Brands (NASDAQ:AOBC) last released its quarterly earnings results on Thursday, December 6th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. The business had revenue of $161.70 million during the quarter, compared to analyst estimates of $154.67 million. American Outdoor Brands had a net margin of 5.30% and a return on equity of 9.69%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Equities research analysts predict that American Outdoor Brands Corp will post 0.64 EPS for the current year.
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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