American Outdoor Brands Corp (NASDAQ:AOBC) has been assigned an average rating of “Hold” from the seven research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $14.25.
A number of research analysts have recently commented on the stock. BidaskClub raised shares of American Outdoor Brands from a “strong sell” rating to a “sell” rating in a research report on Wednesday. ValuEngine cut shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a research report on Friday, November 30th. Zacks Investment Research cut shares of American Outdoor Brands from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 8th. Wedbush set a $15.00 target price on shares of American Outdoor Brands and gave the stock a “buy” rating in a research report on Friday, December 7th. Finally, Cowen restated a “hold” rating and issued a $12.00 price target on shares of American Outdoor Brands in a research note on Friday, December 7th.
Hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors acquired a new position in shares of American Outdoor Brands during the fourth quarter valued at $29,000. FNY Investment Advisers LLC boosted its holdings in shares of American Outdoor Brands by 187.2% during the fourth quarter. FNY Investment Advisers LLC now owns 2,892 shares of the company’s stock valued at $37,000 after acquiring an additional 1,885 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in shares of American Outdoor Brands by 308.3% during the third quarter. Public Employees Retirement Association of Colorado now owns 11,093 shares of the company’s stock valued at $172,000 after acquiring an additional 8,376 shares during the period. AlphaCrest Capital Management LLC acquired a new position in shares of American Outdoor Brands during the fourth quarter valued at $172,000. Finally, Stone Ridge Asset Management LLC acquired a new position in shares of American Outdoor Brands during the third quarter valued at $206,000. Hedge funds and other institutional investors own 66.00% of the company’s stock.
Shares of AOBC stock opened at $12.89 on Friday. The company has a market cap of $701.38 million, a price-to-earnings ratio of 28.02 and a beta of -0.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 2.88. American Outdoor Brands has a fifty-two week low of $8.32 and a fifty-two week high of $15.95.
American Outdoor Brands (NASDAQ:AOBC) last posted its earnings results on Thursday, December 6th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. American Outdoor Brands had a net margin of 5.30% and a return on equity of 9.60%. The business had revenue of $161.70 million for the quarter, compared to analysts’ expectations of $154.67 million. During the same period in the previous year, the company posted $0.11 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities research analysts anticipate that American Outdoor Brands will post 0.72 earnings per share for the current fiscal 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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