American Outdoor Brands (AOBC) Stock Rating Lowered by BidaskClub
American Outdoor Brands (NASDAQ:AOBC) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Wednesday.
Several other analysts also recently issued reports on the company. Wedbush reduced their price target on American Outdoor Brands from $15.30 to $13.50 and set an “outperform” rating for the company in a research note on Friday, March 8th. ValuEngine downgraded American Outdoor Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Zacks Investment Research downgraded American Outdoor Brands from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 8th. 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.60.
AOBC opened at $9.35 on Wednesday. The firm has a market capitalization of $522.66 million, a P/E ratio of 20.33 and a beta of -0.07. American Outdoor Brands has a 1 year low of $9.27 and a 1 year high of $15.95. The company has a quick ratio of 1.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.51.
Large investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors bought a new stake in shares of American Outdoor Brands during the 4th quarter valued at $29,000. FNY Investment Advisers LLC lifted its position in shares of American Outdoor Brands by 187.2% during the 4th 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. Stone Ridge Asset Management LLC bought a new stake in shares of American Outdoor Brands during the 3rd quarter valued at $206,000. AlphaCrest Capital Management LLC bought a new stake in shares of American Outdoor Brands during the 4th quarter valued at $172,000. Finally, Victory Capital Management Inc. bought a new stake in shares of American Outdoor Brands during the 3rd quarter valued at $217,000. Hedge funds and other institutional investors own 71.42% 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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