Brokerages Set American Outdoor Brands Corp (SWHC) PT at $26.00

Shares of American Outdoor Brands Corp (NASDAQ:SWHC) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company. Eight investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $26.00.

SWHC has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of American Outdoor Brands Corp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 3rd. Vetr lowered shares of American Outdoor Brands Corp from a “strong-buy” rating to a “buy” rating and set a $31.16 price objective for the company. in a research report on Monday, November 7th. Forward View restated a “buy” rating on shares of American Outdoor Brands Corp in a research report on Saturday, November 12th. Lake Street Capital lowered shares of American Outdoor Brands Corp from a “buy” rating to a “hold” rating and cut their price objective for the company from $37.00 to $20.00 in a research report on Monday, November 21st. Finally, Wedbush reiterated a “neutral” rating and set a $25.00 target price (down from $32.00) on shares of American Outdoor Brands Corp in a research report on Friday, November 25th.

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Shares of American Outdoor Brands Corp (NASDAQ:SWHC) opened at 21.08 on Friday. American Outdoor Brands Corp has a 52-week low of $19.18 and a 52-week high of $31.19. The company’s 50-day moving average is $22.30 and its 200 day moving average is $26.10.

American Outdoor Brands Corp (NASDAQ:SWHC) last issued its earnings results on Thursday, December 1st. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The firm earned $233.50 million during the quarter, compared to analyst estimates of $227.07 million. American Outdoor Brands Corp had a net margin of 15.15% and a return on equity of 44.96%. The company’s quarterly revenue was up 63.1% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. Equities research analysts expect that American Outdoor Brands Corp will post $2.47 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. increased its position in American Outdoor Brands Corp by 760.6% in the third quarter. Prudential Financial Inc. now owns 2,068,979 shares of the company’s stock valued at $55,014,000 after buying an additional 1,828,560 shares during the period. Vanguard Group Inc. increased its position in American Outdoor Brands Corp by 23.3% in the second quarter. Vanguard Group Inc. now owns 6,565,220 shares of the company’s stock valued at $178,442,000 after buying an additional 1,240,795 shares during the period. Gotham Asset Management LLC increased its position in American Outdoor Brands Corp by 93.2% in the third quarter. Gotham Asset Management LLC now owns 806,084 shares of the company’s stock valued at $21,434,000 after buying an additional 388,860 shares during the period. USA Mutuals Advisors Inc. increased its position in American Outdoor Brands Corp by 777.8% in the second quarter. USA Mutuals Advisors Inc. now owns 395,000 shares of the company’s stock valued at $10,736,000 after buying an additional 350,000 shares during the period. Finally, Two Sigma Advisers LP increased its position in American Outdoor Brands Corp by 358.2% in the third quarter. Two Sigma Advisers LP now owns 330,800 shares of the company’s stock valued at $8,796,000 after buying an additional 258,600 shares during the period. 74.02% of the stock is currently owned by hedge funds and other institutional investors.

About American Outdoor Brands Corp

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.

5 Day Chart for NASDAQ:SWHC

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