A number of other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of American Outdoor Brands from a hold rating to a sell rating in a research report on Wednesday, September 4th. Cowen set a $10.00 target price on shares of American Outdoor Brands and gave the company a hold rating in a research report on Thursday, August 29th. Wedbush reduced their price objective on shares of American Outdoor Brands from $10.00 to $6.50 and set a neutral rating for the company in a research report on Friday, August 30th. ValuEngine lowered shares of American Outdoor Brands from a sell rating to a strong sell rating in a research report on Thursday, August 1st. Finally, Lake Street Capital restated a buy rating and set a $14.00 price objective (down previously from $17.00) on shares of American Outdoor Brands in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $10.30.
Shares of AOBC opened at $6.08 on Tuesday. The firm has a 50-day moving average price of $7.28 and a 200 day moving average price of $8.85. The firm has a market capitalization of $333.32 million, a PE ratio of 7.33 and a beta of 0.29. The company has a quick ratio of 0.68, a current ratio of 1.87 and a debt-to-equity ratio of 0.32. American Outdoor Brands has a 52-week low of $5.67 and a 52-week high of $15.89.
American Outdoor Brands (NASDAQ:AOBC) last announced its earnings results on Thursday, August 29th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.05). The company had revenue of $123.67 million during the quarter, compared to the consensus estimate of $126.58 million. American Outdoor Brands had a net margin of 1.39% and a return on equity of 8.19%. The business’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. On average, equities analysts expect that American Outdoor Brands will post 0.74 EPS for the current year.
In other news, Director John B. Furman sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $6.95, for a total transaction of $69,500.00. Following the completion of the transaction, the director now owns 38,335 shares in the company, valued at approximately $266,428.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.68% of the company’s stock.
Large investors have recently bought and sold shares of the company. Knott David M boosted its position in shares of American Outdoor Brands by 18.2% during the 1st quarter. Knott David M now owns 390,000 shares of the company’s stock valued at $3,643,000 after purchasing an additional 60,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of American Outdoor Brands by 99.8% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 335,125 shares of the company’s stock worth $3,019,000 after buying an additional 167,400 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new position in shares of American Outdoor Brands in the second quarter worth about $114,000. Alambic Investment Management L.P. acquired a new position in shares of American Outdoor Brands in the second quarter worth about $266,000. Finally, Advisor Group Inc. boosted its holdings in shares of American Outdoor Brands by 4.3% in the second quarter. Advisor Group Inc. now owns 36,850 shares of the company’s stock worth $332,000 after buying an additional 1,527 shares during the period. Institutional investors own 70.12% of the company’s stock.
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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