Traders Sell American Outdoor Brands Corporation (AOBC) on Strength (AOBC)

Traders sold shares of American Outdoor Brands Corporation (NASDAQ:AOBC) on strength during trading hours on Thursday. $2.57 million flowed into the stock on the tick-up and $9.81 million flowed out of the stock on the tick-down, for a money net flow of $7.24 million out of the stock. Of all stocks tracked, American Outdoor Brands Corporation had the 15th highest net out-flow for the day. American Outdoor Brands Corporation traded up $0.17 for the day and closed at $18.57

Several analysts have recently weighed in on the company. Zacks Investment Research downgraded American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Wunderlich reissued a “hold” rating and issued a $22.00 target price on shares of American Outdoor Brands Corporation in a report on Friday, June 23rd. ValuEngine downgraded American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Jefferies Group LLC reissued a “hold” rating on shares of American Outdoor Brands Corporation in a report on Friday, June 2nd. Finally, Wedbush boosted their target price on American Outdoor Brands Corporation from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, June 2nd. Nine research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. American Outdoor Brands Corporation presently has a consensus rating of “Hold” and an average target price of $23.34.

The company has a market cap of $1.00 billion, a PE ratio of 8.25 and a beta of 0.01. The stock’s 50-day moving average is $20.77 and its 200 day moving average is $21.06.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its earnings results on Thursday, June 29th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.19. American Outdoor Brands Corporation had a net margin of 13.87% and a return on equity of 37.76%. The firm had revenue of $229.20 million for the quarter, compared to analysts’ expectations of $210.82 million. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts expect that American Outdoor Brands Corporation will post $1.56 earnings per share for the current fiscal year.

In other American Outdoor Brands Corporation news, Director Robert L. Scott sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the director now owns 57,448 shares of the company’s stock, valued at $1,378,752. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.31% of the company’s stock.

A number of institutional investors have recently modified their holdings of AOBC. Adams Diversified Equity Fund Inc. acquired a new position in shares of American Outdoor Brands Corporation during the first quarter worth about $1,048,000. Wells Fargo & Company MN acquired a new position in shares of American Outdoor Brands Corporation during the first quarter worth about $7,718,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of American Outdoor Brands Corporation during the first quarter worth about $297,000. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in shares of American Outdoor Brands Corporation during the first quarter worth about $306,000. Finally, IFP Advisors Inc acquired a new position in shares of American Outdoor Brands Corporation during the first quarter worth about $368,000. 71.08% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This news story was reported by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://www.com-unik.info/2017/08/17/traders-sell-american-outdoor-brands-corporation-aobc-on-strength-aobc.html.

American Outdoor Brands Corporation Company Profile

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.

What are top analysts saying about American Outdoor Brands Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for American Outdoor Brands Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit