Shares of American Outdoor Brands Corp (NASDAQ:AOBC) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $12.60.

A number of research firms have commented on AOBC. ValuEngine lowered shares of American Outdoor Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Wedbush set a $10.00 price objective on shares of American Outdoor Brands and gave the company a “hold” rating in a research note on Wednesday, May 22nd. Zacks Investment Research raised shares of American Outdoor Brands from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Monday, July 22nd. BidaskClub lowered shares of American Outdoor Brands from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Finally, Cowen reissued a “hold” rating and issued a $12.00 price target on shares of American Outdoor Brands in a research report on Wednesday, June 19th.

AOBC stock traded down $0.13 during mid-day trading on Friday, reaching $7.77. 179,248 shares of the stock traded hands, compared to its average volume of 531,291. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.21 and a current ratio of 2.68. American Outdoor Brands has a 52-week low of $7.81 and a 52-week high of $15.95. The stock has a market capitalization of $430.73 million, a P/E ratio of 9.36 and a beta of 0.11. The stock has a fifty day moving average of $8.99.

American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings data on Wednesday, June 19th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. American Outdoor Brands had a net margin of 2.88% and a return on equity of 10.55%. The company had revenue of $175.73 million during the quarter, compared to analyst estimates of $168.99 million. During the same period in the prior year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. Research analysts forecast that American Outdoor Brands will post 0.81 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pearl River Capital LLC lifted its position 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 purchasing an additional 3,150 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of American Outdoor Brands in the second quarter worth approximately $114,000. AMP Capital Investors Ltd purchased a new stake in shares of American Outdoor Brands in the second quarter worth approximately $120,000. Jane Street Group LLC lifted its position in shares of American Outdoor Brands by 80.3% in the second quarter. Jane Street Group LLC now owns 14,495 shares of the company’s stock worth $131,000 after purchasing an additional 6,455 shares in the last quarter. Finally, Teza Capital Management LLC purchased a new stake in shares of American Outdoor Brands in the second quarter worth approximately $135,000. 65.95% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Price-Sales Ratio

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