Legal & General Group Plc Invests $353,000 in American Outdoor Brands Corporation (AOBC)

Legal & General Group Plc purchased a new position in shares of American Outdoor Brands Corporation (NASDAQ:AOBC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,916 shares of the company’s stock, valued at approximately $353,000.

A number of other large investors have also added to or reduced their stakes in the stock. Verity Asset Management Inc. acquired a new stake in American Outdoor Brands Corporation during the first quarter worth about $234,000. PNC Financial Services Group Inc. acquired a new stake in American Outdoor Brands Corporation during the first quarter worth about $110,000. Laurion Capital Management LP acquired a new stake in American Outdoor Brands Corporation during the first quarter worth about $313,000. Turner Investments LLC acquired a new stake in American Outdoor Brands Corporation during the first quarter worth about $133,000. Finally, Royce & Associates LP acquired a new stake in American Outdoor Brands Corporation during the first quarter worth about $4,940,000. 71.08% of the stock is currently owned by institutional investors.

American Outdoor Brands Corporation (NASDAQ AOBC) opened at 18.78 on Friday. The company has a market capitalization of $1.01 billion, a PE ratio of 8.35 and a beta of 0.01. American Outdoor Brands Corporation has a 12-month low of $17.50 and a 12-month high of $30.16. The stock has a 50 day moving average of $20.48 and a 200-day moving average of $21.03.

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

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A number of equities research analysts recently issued reports on the stock. Vetr raised shares of American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 price target on the stock in a research note on Monday, August 7th. Jefferies Group LLC reaffirmed a “hold” rating and set a $20.00 price target on shares of American Outdoor Brands Corporation in a research note on Friday, July 7th. Forward View reissued a “hold” rating on shares of American Outdoor Brands Corporation in a research note on Wednesday, July 5th. Zacks Investment Research raised shares of American Outdoor Brands Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Cowen and Company increased their target price on shares of American Outdoor Brands Corporation from $24.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, June 30th. Nine analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. American Outdoor Brands Corporation has a consensus rating of “Hold” and a consensus price target of $23.34.

In other news, Director Robert L. Scott sold 10,000 shares of American Outdoor Brands Corporation stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the director now owns 57,448 shares in the company, valued at approximately $1,378,752. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.31% of the stock is owned by insiders.

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.

Institutional Ownership by Quarter for American Outdoor Brands Corporation (NASDAQ:AOBC)

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