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.

American Outdoor Brands (NASDAQ:AOBC) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The business had revenue of $162.01 million during the quarter, compared to the consensus estimate of $162.55 million. American Outdoor Brands had a return on equity of 10.47% and a net margin of 2.56%. On average, research analysts expect that American Outdoor Brands will post 0.73 EPS for the current fiscal year.

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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