American Outdoor Brands Corp (AOBC) Receives $18.56 Average Target Price from Analysts

American Outdoor Brands Corp (NASDAQ:AOBC) has received an average recommendation of “Buy” from the fourteen research firms that are covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $18.56.

Several research firms have recently issued reports on AOBC. Ifs Securities upgraded American Outdoor Brands from an “outperform” rating to a “strong-buy” rating in a research note on Friday, December 8th. They noted that the move was a valuation call. Lake Street Capital reiterated a “hold” rating and set a $11.00 price target (down previously from $13.00) on shares of American Outdoor Brands in a research note on Friday, December 8th. Craig Hallum decreased their price target on American Outdoor Brands from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Friday, December 8th. Wedbush set a $20.00 price target on American Outdoor Brands and gave the stock a “buy” rating in a research note on Friday, December 8th. Finally, Cowen restated a “buy” rating and set a $19.00 target price on shares of American Outdoor Brands in a research note on Friday, December 8th.

Shares of American Outdoor Brands (NASDAQ:AOBC) opened at $10.72 on Tuesday. The stock has a market capitalization of $581.19, a PE ratio of 9.89, a PEG ratio of 1.18 and a beta of -0.24. American Outdoor Brands has a 52 week low of $10.24 and a 52 week high of $24.49. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 1.91.

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

In related news, Director Robert H. Brust sold 3,802 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $13.97, for a total transaction of $53,113.94. Following the completion of the sale, the director now owns 8,526 shares in the company, valued at approximately $119,108.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.31% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC raised its holdings in American Outdoor Brands by 356.4% in the 3rd quarter. SG Americas Securities LLC now owns 224,077 shares of the company’s stock valued at $3,417,000 after acquiring an additional 174,975 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in American Outdoor Brands by 266.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 225,046 shares of the company’s stock valued at $3,477,000 after acquiring an additional 163,565 shares in the last quarter. BlackRock Inc. raised its holdings in American Outdoor Brands by 2.8% in the 2nd quarter. BlackRock Inc. now owns 4,868,787 shares of the company’s stock valued at $107,892,000 after acquiring an additional 133,299 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in American Outdoor Brands by 356.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 118,673 shares of the company’s stock valued at $2,632,000 after acquiring an additional 92,691 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in American Outdoor Brands by 133.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 23,199 shares of the company’s stock valued at $514,000 after acquiring an additional 92,246 shares in the last quarter. Hedge funds and other institutional investors own 71.27% of the company’s stock.

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American Outdoor Brands 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.

Analyst Recommendations for American Outdoor Brands (NASDAQ:AOBC)

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