American Outdoor Brands (NASDAQ:AOBC) Rating Reiterated by Craig Hallum

American Outdoor Brands (NASDAQ:AOBC)‘s stock had its “buy” rating restated by analysts at Craig Hallum in a research note issued to investors on Thursday, The Fly reports. They currently have a $12.00 target price on the stock, up from their previous target price of $10.00. Craig Hallum’s price target suggests a potential upside of 41.18% from the company’s current price.

Other analysts have also issued research reports about the company. Cowen set a $10.00 price target on American Outdoor Brands and gave the company a “hold” rating in a report on Thursday, August 29th. Lake Street Capital reissued a “buy” rating and set a $14.00 price target (down previously from $17.00) on shares of American Outdoor Brands in a report on Friday, August 30th. BidaskClub raised American Outdoor Brands from a “buy” rating to a “strong-buy” rating in a report on Tuesday. ValuEngine raised American Outdoor Brands from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research raised American Outdoor Brands from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $10.70.

American Outdoor Brands stock opened at $8.50 on Thursday. The stock has a market cap of $432.82 million, a PE ratio of 10.24 and a beta of 0.26. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.87. American Outdoor Brands has a one year low of $5.41 and a one year high of $15.32. The stock has a fifty day moving average of $6.88 and a 200 day moving average of $8.02.

American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The firm had revenue of $123.67 million for the quarter, compared to analysts’ expectations of $126.58 million. American Outdoor Brands had a net margin of 1.39% and a return on equity of 8.19%. The firm’s revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 EPS. As a group, sell-side analysts predict that American Outdoor Brands will post 0.74 EPS for the current fiscal year.

In other American Outdoor Brands news, Director John B. Furman sold 10,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $6.95, for a total transaction of $69,500.00. Following the completion of the sale, the director now owns 38,335 shares of the company’s stock, valued at $266,428.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.68% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in shares of American Outdoor Brands by 609.1% in the third quarter. Tower Research Capital LLC TRC now owns 5,013 shares of the company’s stock worth $29,000 after acquiring an additional 4,306 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of American Outdoor Brands by 44.2% in the third quarter. Russell Investments Group Ltd. now owns 36,639 shares of the company’s stock worth $215,000 after acquiring an additional 11,230 shares during the period. Rhumbline Advisers boosted its stake in shares of American Outdoor Brands by 9.3% in the third quarter. Rhumbline Advisers now owns 90,399 shares of the company’s stock worth $529,000 after acquiring an additional 7,692 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in shares of American Outdoor Brands by 199.8% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 38,068 shares of the company’s stock worth $223,000 after acquiring an additional 25,372 shares during the period. Finally, Roman Butler Fullerton & Co. boosted its stake in shares of American Outdoor Brands by 12.6% in the third quarter. Roman Butler Fullerton & Co. now owns 45,520 shares of the company’s stock worth $266,000 after acquiring an additional 5,100 shares during the period. 69.78% of the stock is owned by hedge funds and other institutional investors.

American Outdoor Brands Company Profile

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.

Featured Story: What is the role of the G-20?

The Fly

Receive News & Ratings for American Outdoor Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Outdoor Brands and related companies with MarketBeat.com's FREE daily email newsletter.