Vetr downgraded shares of American Outdoor Brands Corp (NASDAQ:AOBC) from a buy rating to a hold rating in a research report sent to investors on Monday morning. They currently have $21.24 target price on the stock.
Several other research firms also recently weighed in on AOBC. Jefferies Group LLC cut their price target on American Outdoor Brands Corp to $20.00 in a research note on Friday, March 3rd. Wunderlich restated a hold rating on shares of American Outdoor Brands Corp in a research note on Monday, March 6th. Wedbush restated a neutral rating and issued a $21.00 price target (down previously from $25.00) on shares of American Outdoor Brands Corp in a research note on Friday, March 3rd. Zacks Investment Research downgraded American Outdoor Brands Corp from a hold rating to a sell rating in a research note on Thursday, March 9th. Finally, Bank of America Corp restated a hold rating and issued a $17.00 price target (down previously from $22.00) on shares of American Outdoor Brands Corp in a research note on Monday, March 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. American Outdoor Brands Corp presently has a consensus rating of Hold and an average target price of $23.22.
Shares of American Outdoor Brands Corp (NASDAQ:AOBC) opened at 21.16 on Monday. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 8.90 and a beta of 0.75. American Outdoor Brands Corp has a 52 week low of $17.50 and a 52 week high of $31.19. The firm has a 50 day moving average price of $19.63 and a 200 day moving average price of $22.01.
American Outdoor Brands Corp (NASDAQ:AOBC) last posted its quarterly earnings results on Thursday, March 2nd. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.11. The company had revenue of $233.50 million for the quarter, compared to the consensus estimate of $235.06 million. American Outdoor Brands Corp had a return on equity of 44.96% and a net margin of 15.15%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 EPS. Equities analysts forecast that American Outdoor Brands Corp will post $2.36 EPS for the current year.
TRADEMARK VIOLATION WARNING: This story was reported by sleekmoney and is owned by of sleekmoney. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at http://sleekmoney.com/american-outdoor-brands-corp-aobc-rating-lowered-to-hold-at-vetr-inc/1739741.html.
In other American Outdoor Brands Corp news, insider P. James Debney bought 25,000 shares of the business’s stock in a transaction on Tuesday, January 17th. The shares were acquired at an average cost of $20.50 per share, for a total transaction of $512,500.00. Following the purchase, the insider now owns 378,272 shares in the company, valued at approximately $7,754,576. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.94% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Edge Wealth Management LLC acquired a new stake in shares of American Outdoor Brands Corp during the first quarter valued at approximately $690,000. Bank of Montreal Can acquired a new stake in shares of American Outdoor Brands Corp during the first quarter valued at approximately $6,820,000. Finally, Peregrine Capital Management LLC acquired a new stake in shares of American Outdoor Brands Corp during the first quarter valued at approximately $8,222,000. Institutional investors and hedge funds own 74.02% of the company’s stock.
American Outdoor Brands Corp 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.
To view Vetr’s full report, visit Vetr’s official website.
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/american-outdoor-brands-corp-aobc-rating-lowered-to-hold-at-vetr-inc/1739741.html
Receive News & Ratings for American Outdoor Brands Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Outdoor Brands Corp and related companies with MarketBeat.com's FREE daily email newsletter.