American Outdoor Brands (AOBC) Reaches New 12-Month Low at $11.82

American Outdoor Brands Corp (NASDAQ:AOBC) shares reached a new 52-week low on Tuesday . The stock traded as low as $11.82 and last traded at $12.09, with a volume of 1411500 shares trading hands. The stock had previously closed at $12.37.

Several research analysts recently weighed in on AOBC shares. Ifs Securities raised American Outdoor Brands from an “outperform” rating to a “strong-buy” rating in a research report on Friday, December 8th. They noted that the move was a valuation call. Lake Street Capital dropped their price target on American Outdoor Brands from $17.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, November 17th. Zacks Investment Research raised American Outdoor Brands from a “sell” rating to a “hold” rating in a research report on Monday, November 27th. Cowen reissued a “buy” rating and set a $19.00 price target on shares of American Outdoor Brands in a research report on Friday, December 8th. Finally, Craig Hallum dropped their price target on American Outdoor Brands from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Friday, December 8th. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. American Outdoor Brands has an average rating of “Buy” and an average price target of $18.80.

The company has a current ratio of 1.91, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $643.96, a P/E ratio of 11.02, a P/E/G ratio of 1.36 and a beta of -0.15.

American Outdoor Brands (NASDAQ:AOBC) last issued its earnings results on Thursday, December 7th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. American Outdoor Brands had a return on equity of 19.29% and a net margin of 8.27%. The firm had revenue of $148.40 million for the quarter, compared to the consensus estimate of $142.10 million. The business’s revenue for the quarter was down 36.5% compared to the same quarter last year. equities analysts expect that American Outdoor Brands Corp will post 0.61 earnings per share for the current year.

In other American Outdoor Brands news, Director Robert H. Brust sold 3,802 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $13.97, for a total value of $53,113.94. Following the transaction, the director now owns 8,526 shares in the company, valued at $119,108.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.31% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AOBC. SG Americas Securities LLC boosted its stake in shares of American Outdoor Brands by 356.4% during the 3rd quarter. SG Americas Securities LLC now owns 224,077 shares of the company’s stock worth $3,417,000 after acquiring an additional 174,975 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of American Outdoor Brands by 266.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 225,046 shares of the company’s stock worth $3,477,000 after acquiring an additional 163,565 shares in the last quarter. AHL Partners LLP boosted its stake in shares of American Outdoor Brands by 72.8% during the 2nd quarter. AHL Partners LLP now owns 354,376 shares of the company’s stock worth $7,853,000 after acquiring an additional 149,247 shares in the last quarter. BlackRock Inc. boosted its stake in shares of American Outdoor Brands by 2.8% during the 2nd quarter. BlackRock Inc. now owns 4,868,787 shares of the company’s stock worth $107,892,000 after acquiring an additional 133,299 shares in the last quarter. Finally, OxFORD Asset Management LLP bought a new stake in shares of American Outdoor Brands during the 2nd quarter worth about $2,462,000. Institutional investors own 71.44% of the company’s stock.

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About American Outdoor Brands

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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