American Outdoor Brands Corp (NASDAQ:AOBC) has earned an average recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $12.60.

A number of brokerages recently issued reports on AOBC. Wedbush set a $190.00 price objective on Home Depot and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. Zacks Investment Research upgraded Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Monday. Cowen reiterated a “hold” rating and issued a $12.00 price objective on shares of American Outdoor Brands in a research report on Wednesday, June 19th. ValuEngine downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th.

Shares of American Outdoor Brands stock traded up $0.06 during trading hours on Tuesday, reaching $9.43. The company had a trading volume of 288,100 shares, compared to its average volume of 742,492. American Outdoor Brands has a one year low of $8.19 and a one year high of $15.95. The business has a fifty day moving average price of $8.97. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.21 and a current ratio of 2.68. The company has a market cap of $516.76 million, a price-to-earnings ratio of 11.36 and a beta of 0.15.

American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings data on Wednesday, June 19th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.10. American Outdoor Brands had a return on equity of 10.55% and a net margin of 2.88%. The company had revenue of $175.73 million for the quarter, compared to the consensus estimate of $168.99 million. During the same quarter last year, the business posted $0.24 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. As a group, equities research analysts predict that American Outdoor Brands will post 0.81 earnings per share for the current fiscal year.

In other American Outdoor Brands news, Director Michael F. Golden sold 20,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $10.01, for a total transaction of $200,200.00. Following the sale, the director now owns 256,432 shares in the company, valued at $2,566,884.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael F. Golden sold 18,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $10.01, for a total value of $180,180.00. Following the sale, the director now owns 256,432 shares in the company, valued at approximately $2,566,884.32. The disclosure for this sale can be found here. Company insiders own 2.47% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors purchased a new position in shares of American Outdoor Brands in the fourth quarter worth about $29,000. Pearl River Capital LLC increased its holdings in shares of American Outdoor Brands by 196.9% in the first quarter. Pearl River Capital LLC now owns 4,750 shares of the company’s stock worth $44,000 after buying an additional 3,150 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new position in shares of American Outdoor Brands in the second quarter worth about $114,000. Metropolitan Life Insurance Co. NY increased its holdings in shares of American Outdoor Brands by 314.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,177 shares of the company’s stock worth $208,000 after buying an additional 12,272 shares during the period. Finally, Cetera Advisor Networks LLC increased its holdings in shares of American Outdoor Brands by 3.2% in the first quarter. Cetera Advisor Networks LLC now owns 34,686 shares of the company’s stock worth $326,000 after buying an additional 1,086 shares during the period. Hedge funds and other institutional investors own 66.63% of the company’s stock.

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.

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