American Outdoor Brands (NASDAQ:AOBC) had its price objective reduced by Lake Street Capital from $17.00 to $13.00 in a research report issued to clients and investors on Friday, November 17th, Marketbeat reports. The brokerage presently has a “hold” rating on the stock. Lake Street Capital’s target price indicates a potential downside of 8.71% from the stock’s current price.
Several other research firms also recently weighed in on AOBC. Vetr upgraded American Outdoor Brands from a “buy” rating to a “strong-buy” rating and set a $23.03 target price for the company in a research report on Monday, July 24th. Aegis reiterated a “buy” rating and set a $25.00 target price on shares of American Outdoor Brands in a research report on Monday, August 21st. ValuEngine upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Ifs Securities started coverage on American Outdoor Brands in a research note on Friday, September 1st. They set an “outperform” rating and a $21.00 price target on the stock. Finally, Zacks Investment Research lowered American Outdoor Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, September 5th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $19.68.
Shares of American Outdoor Brands (NASDAQ:AOBC) traded down $0.06 on Friday, reaching $14.24. The company had a trading volume of 1,327,715 shares, compared to its average volume of 1,406,683. The company has a market capitalization of $761.96, a P/E ratio of 7.30, a PEG ratio of 0.87 and a beta of -0.13. American Outdoor Brands has a 12 month low of $12.87 and a 12 month high of $24.49. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.80 and a current ratio of 1.63.
American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings results on Thursday, September 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). The company had revenue of $129.02 million during the quarter, compared to the consensus estimate of $147.24 million. American Outdoor Brands had a return on equity of 27.91% and a net margin of 10.96%. The firm’s quarterly revenue was down 37.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 earnings per share. sell-side analysts anticipate that American Outdoor Brands will post 1.07 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Alps Advisors Inc. boosted its holdings in American Outdoor Brands by 0.3% in the second quarter. Alps Advisors Inc. now owns 24,941 shares of the company’s stock worth $553,000 after acquiring an additional 65 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in shares of American Outdoor Brands by 1.7% during the second quarter. Suntrust Banks Inc. now owns 13,698 shares of the company’s stock worth $303,000 after purchasing an additional 226 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of American Outdoor Brands by 1.8% during the first quarter. Public Employees Retirement System of Ohio now owns 25,847 shares of the company’s stock worth $512,000 after purchasing an additional 460 shares during the period. First Manhattan Co. lifted its holdings in shares of American Outdoor Brands by 0.7% during the second quarter. First Manhattan Co. now owns 73,959 shares of the company’s stock worth $1,638,000 after purchasing an additional 545 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of American Outdoor Brands by 1.7% during the second quarter. Rhumbline Advisers now owns 60,612 shares of the company’s stock worth $1,343,000 after purchasing an additional 1,000 shares during the period. 71.59% of the stock is owned by institutional investors and hedge funds.
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American Outdoor Brands 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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