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.
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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.
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