American Outdoor Brands (NASDAQ:AOBC) Rating Lowered to Hold at BidaskClub

American Outdoor Brands (NASDAQ:AOBC) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, BidAskClub reports.

AOBC has been the topic of several other research reports. Lake Street Capital dropped their target price on American Outdoor Brands from $14.00 to $11.50 and set a “buy” rating on the stock in a research report on Friday, March 6th. Wedbush reiterated a “neutral” rating and set a target price (up previously from ) on shares of American Outdoor Brands in a research report on Tuesday, February 18th. Finally, Zacks Investment Research upgraded American Outdoor Brands from a “sell” rating to a “hold” rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $11.50.

AOBC opened at $7.13 on Friday. The business has a 50 day moving average price of $9.17 and a two-hundred day moving average price of $8.33. The company has a quick ratio of 1.70, a current ratio of 3.82 and a debt-to-equity ratio of 0.53. The company has a market cap of $444.40 million, a PE ratio of 27.42 and a beta of 0.36. American Outdoor Brands has a 52 week low of $5.41 and a 52 week high of $10.94.

American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.10). The company had revenue of $166.70 million for the quarter, compared to analysts’ expectations of $187.27 million. American Outdoor Brands had a net margin of 2.38% and a return on equity of 6.30%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 earnings per share. As a group, sell-side analysts expect that American Outdoor Brands will post 0.61 EPS for the current fiscal year.

In other news, CAO Deana L. Mcpherson purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average price of $6.28 per share, for a total transaction of $31,400.00. Following the acquisition, the chief accounting officer now directly owns 33,723 shares in the company, valued at approximately $211,780.44. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark Peter Smith purchased 5,192 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average price of $5.78 per share, for a total transaction of $30,009.76. Following the acquisition, the insider now owns 77,947 shares in the company, valued at $450,533.66. The disclosure for this purchase can be found here. Insiders have acquired a total of 11,692 shares of company stock worth $70,140 in the last quarter. 2.68% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in shares of American Outdoor Brands by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 259,505 shares of the company’s stock worth $2,408,000 after acquiring an additional 1,163 shares during the period. Metropolitan Life Insurance Co NY grew its holdings in shares of American Outdoor Brands by 12.3% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 16,336 shares of the company’s stock worth $96,000 after acquiring an additional 1,789 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of American Outdoor Brands in the 4th quarter worth approximately $7,535,000. Swiss National Bank grew its holdings in shares of American Outdoor Brands by 3.4% in the 4th quarter. Swiss National Bank now owns 104,850 shares of the company’s stock worth $973,000 after acquiring an additional 3,400 shares during the period. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of American Outdoor Brands by 6.7% in the 4th quarter. UBS Asset Management Americas Inc. now owns 55,433 shares of the company’s stock worth $514,000 after acquiring an additional 3,466 shares during the period. Institutional investors and hedge funds own 69.79% 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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