BidaskClub upgraded shares of American Outdoor Brands (NASDAQ:AOBC) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday.

A number of other equities analysts also recently issued reports on the stock. ValuEngine downgraded shares of American Outdoor Brands from a hold rating to a sell rating in a research note on Saturday, July 28th. Lake Street Capital reissued a buy rating and issued a $17.00 price target (up from $13.00) on shares of American Outdoor Brands in a research note on Thursday, June 28th. Zacks Investment Research downgraded shares of American Outdoor Brands from a hold rating to a sell rating in a research note on Monday, June 25th. Wedbush increased their price target on shares of American Outdoor Brands from $13.00 to $14.50 and gave the stock an outperform rating in a research note on Thursday, June 21st. Finally, Cowen downgraded shares of American Outdoor Brands from an outperform rating to a market perform rating and set a $12.00 price target for the company. in a research note on Thursday, June 21st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $16.44.

American Outdoor Brands stock opened at $10.24 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 2.69 and a debt-to-equity ratio of 0.43. The stock has a market cap of $521.39 million, a PE ratio of 22.30 and a beta of -0.24. American Outdoor Brands has a 1-year low of $8.32 and a 1-year high of $19.10.

American Outdoor Brands (NASDAQ:AOBC) last posted its earnings results on Wednesday, June 20th. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.13. The company had revenue of $172.00 million during the quarter, compared to analyst estimates of $166.83 million. American Outdoor Brands had a net margin of 3.32% and a return on equity of 6.27%. American Outdoor Brands’s revenue for the quarter was down 25.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. sell-side analysts predict that American Outdoor Brands will post 0.54 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in AOBC. Millennium Management LLC bought a new position in American Outdoor Brands in the second quarter worth about $16,241,000. BlackRock Inc. increased its stake in shares of American Outdoor Brands by 13.2% during the first quarter. BlackRock Inc. now owns 6,804,867 shares of the company’s stock valued at $70,226,000 after purchasing an additional 792,100 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of American Outdoor Brands by 44.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,444,518 shares of the company’s stock valued at $29,409,000 after purchasing an additional 751,236 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of American Outdoor Brands by 544.5% during the second quarter. Point72 Asset Management L.P. now owns 805,600 shares of the company’s stock valued at $9,691,000 after purchasing an additional 680,600 shares in the last quarter. Finally, Knott David M bought a new position in shares of American Outdoor Brands during the first quarter valued at approximately $3,406,000. 67.45% of the stock is owned by institutional investors.

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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Analyst Recommendations for American Outdoor Brands (NASDAQ:AOBC)

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