Shares of American Outdoor Brands Corp (NASDAQ:AOBC) have received an average rating of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $14.25.
Several analysts recently issued reports on the company. Zacks Investment Research upgraded American Outdoor Brands from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Tuesday, August 21st. ValuEngine upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Craig Hallum lowered American Outdoor Brands from a “buy” rating to a “hold” rating and dropped their target price for the stock from $15.00 to $13.00 in a report on Thursday, November 1st. BidaskClub upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a report on Tuesday, October 16th. Finally, Wedbush set a $15.00 target price on American Outdoor Brands and gave the stock a “buy” rating in a report on Saturday, September 1st.
Shares of AOBC stock traded up $0.11 on Monday, hitting $12.29. 61,870 shares of the stock were exchanged, compared to its average volume of 727,944. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.60 and a quick ratio of 0.82. The stock has a market capitalization of $662.46 million, a P/E ratio of 26.70 and a beta of 0.08. American Outdoor Brands has a fifty-two week low of $8.32 and a fifty-two week high of $15.95.
In other American Outdoor Brands news, Director John B. Furman sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $14.50, for a total value of $145,000.00. Following the sale, the director now owns 32,834 shares in the company, valued at $476,093. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert H. Brust acquired 4,240 shares of the company’s stock in a transaction on Thursday, September 6th. The stock was acquired at an average price of $14.83 per share, for a total transaction of $62,879.20. Following the purchase, the director now directly owns 12,366 shares of the company’s stock, valued at $183,387.78. The disclosure for this purchase can be found here. Corporate insiders own 2.47% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Verition Fund Management LLC bought a new stake in American Outdoor Brands in the second quarter valued at approximately $133,000. Public Employees Retirement Association of Colorado raised its stake in American Outdoor Brands by 308.3% in the third quarter. Public Employees Retirement Association of Colorado now owns 11,093 shares of the company’s stock valued at $172,000 after buying an additional 8,376 shares during the period. Stone Ridge Asset Management LLC bought a new stake in American Outdoor Brands in the third quarter valued at approximately $206,000. Victory Capital Management Inc. bought a new stake in American Outdoor Brands in the third quarter valued at approximately $217,000. Finally, Jefferies Group LLC bought a new stake in American Outdoor Brands in the third quarter valued at approximately $278,000. Hedge funds and other institutional investors own 65.17% of the company’s stock.
American Outdoor Brands Company Profile
American Outdoor Brands Corporation designs, manufactures, and sells firearms worldwide. The company's Firearms segment offers handguns, long guns, handcuffs, suppressors, and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Gemtech, and Thompson/Center Arms brands.
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