American Outdoor Brands Corp (NASDAQ:AOBC)‘s stock had its “outperform” rating reaffirmed by Wunderlich in a research note issued on Friday, April 14th. They presently have a $17.00 price objective on the stock. Wunderlich’s target price would suggest a potential downside of 23.66% from the company’s previous close.
Several other equities analysts have also issued reports on AOBC. Wedbush restated a “neutral” rating on shares of American Outdoor Brands Corp in a report on Wednesday, January 18th. Jefferies Group LLC dropped their target price on shares of American Outdoor Brands Corp to $20.00 in a report on Friday, March 3rd. Forward View lowered shares of American Outdoor Brands Corp from a “buy” rating to a “sell” rating in a report on Wednesday, February 15th. Cowen and Company dropped their target price on shares of American Outdoor Brands Corp to $24.00 and set a “buy” rating on the stock in a report on Friday, March 3rd. Finally, Bank of America Corp restated a “hold” rating and issued a $17.00 target price (down previously from $22.00) on shares of American Outdoor Brands Corp in a report on Monday, March 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. American Outdoor Brands Corp presently has an average rating of “Hold” and a consensus target price of $22.96.
American Outdoor Brands Corp (NASDAQ:AOBC) traded up 2.492% on Friday, reaching $22.825. The company’s stock had a trading volume of 430,144 shares. The firm’s 50 day moving average is $21.42 and its 200-day moving average is $21.26. The firm has a market cap of $1.29 billion, a P/E ratio of 9.602 and a beta of 0.75. American Outdoor Brands Corp has a 12 month low of $17.50 and a 12 month high of $31.19.
American Outdoor Brands Corp (NASDAQ:AOBC) last issued its quarterly earnings data on Thursday, March 2nd. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.11. American Outdoor Brands Corp had a net margin of 15.15% and a return on equity of 44.96%. The company had revenue of $233.50 million for the quarter, compared to analysts’ expectations of $235.06 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. American Outdoor Brands Corp’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities research analysts anticipate that American Outdoor Brands Corp will post $2.36 EPS for the current year.
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Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. acquired a new stake in American Outdoor Brands Corp during the first quarter worth $173,622,000. BlackRock Inc. acquired a new stake in American Outdoor Brands Corp during the first quarter worth $93,810,000. Dimensional Fund Advisors LP acquired a new stake in American Outdoor Brands Corp during the first quarter worth $39,185,000. LSV Asset Management acquired a new stake in American Outdoor Brands Corp during the first quarter worth $36,571,000. Finally, Prudential Financial Inc. acquired a new stake in American Outdoor Brands Corp during the first quarter worth $17,611,000. Institutional investors own 74.02% of the company’s stock.
About American Outdoor Brands Corp
American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.
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