American Outdoor Brands Corp (NASDAQ:AOBC) Director Michael F. Golden sold 18,000 shares of American Outdoor Brands stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $10.01, for a total value of $180,180.00. Following the completion of the transaction, the director now owns 256,432 shares of the company’s stock, valued at $2,566,884.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of American Outdoor Brands stock traded down $0.18 on Friday, hitting $9.21. 456,048 shares of the company traded hands, compared to its average volume of 731,708. The company has a quick ratio of 1.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.51. American Outdoor Brands Corp has a 12-month low of $9.03 and a 12-month high of $15.95. The stock has a market cap of $502.48 million, a P/E ratio of 20.02 and a beta of -0.08.
American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The business had revenue of $162.01 million for the quarter, compared to analysts’ expectations of $162.55 million. American Outdoor Brands had a net margin of 2.56% and a return on equity of 10.47%. On average, equities research analysts expect that American Outdoor Brands Corp will post 0.73 earnings per share for the current fiscal year.
Several research analysts have issued reports on the company. BidaskClub cut American Outdoor Brands from a “sell” rating to a “strong sell” rating in a report on Friday, January 25th. Zacks Investment Research raised American Outdoor Brands from a “sell” rating to a “hold” rating in a report on Tuesday. Wedbush downgraded shares of American Outdoor Brands from an “outperform” rating to a “neutral” rating and cut their target price for the company from $13.50 to $11.00 in a research note on Wednesday, March 13th. Finally, ValuEngine raised shares of American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. American Outdoor Brands currently has a consensus rating of “Hold” and a consensus target price of $13.60.
TRADEMARK VIOLATION NOTICE: “Insider Selling: American Outdoor Brands Corp (NASDAQ:AOBC) Director Sells 18,000 Shares of Stock” was posted by Rockland Register and is the sole property of of Rockland Register. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://rocklandregister.com/2019/05/18/insider-selling-american-outdoor-brands-corp-aobc-director-sells-180180-00-in-stock.html.
About American Outdoor Brands
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.
Read More: How does new data get added to a blockchain?
Receive News & Ratings for American Outdoor Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Outdoor Brands and related companies with MarketBeat.com's FREE daily email newsletter.