American Outdoor Brands (NASDAQ:AOBC) Trading Up 8%

American Outdoor Brands Corp (NASDAQ:AOBC) shares were up 8% on Friday . The stock traded as high as $9.02 and last traded at $9.01. Approximately 1,391,262 shares traded hands during mid-day trading, an increase of 80% from the average daily volume of 774,075 shares. The stock had previously closed at $8.34.

AOBC has been the subject of several research reports. ValuEngine lowered shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Zacks Investment Research lowered shares of American Outdoor Brands from a “hold” rating to a “sell” rating in a report on Monday, April 1st. BidaskClub raised shares of American Outdoor Brands from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 11th. Finally, Wedbush decreased their price target on shares of American Outdoor Brands from $15.30 to $13.50 and set an “outperform” rating for the company in a report on Friday, March 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.40.

The firm’s fifty day moving average price is $8.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.68 and a quick ratio of 1.21. The firm has a market capitalization of $493.77 million, a price-to-earnings ratio of 10.86 and a beta of 0.08.

American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings results on Wednesday, June 19th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.10. American Outdoor Brands had a net margin of 2.88% and a return on equity of 10.55%. The business had revenue of $175.73 million during the quarter, compared to analyst estimates of $168.99 million. During the same period in the previous year, the business posted $0.24 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Equities analysts forecast that American Outdoor Brands Corp will post 0.81 earnings per share for the current year.

In other American Outdoor Brands news, Director Michael F. Golden sold 20,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $10.01, for a total transaction of $200,200.00. Following the completion of the transaction, the director now directly owns 256,432 shares of the company’s stock, valued at approximately $2,566,884.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert L. Scott sold 10,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $9.25, for a total transaction of $92,500.00. Following the transaction, the director now directly owns 78,363 shares of the company’s stock, valued at $724,857.75. The disclosure for this sale can be found here. Insiders sold a total of 48,000 shares of company stock valued at $472,880 over the last ninety days. Company insiders own 2.47% of the company’s stock.

A number of institutional investors have recently bought and sold shares of AOBC. Captrust Financial Advisors acquired a new stake in shares of American Outdoor Brands during the 4th quarter worth about $29,000. Pearl River Capital LLC increased its holdings in American Outdoor Brands by 196.9% during the 1st quarter. Pearl River Capital LLC now owns 4,750 shares of the company’s stock worth $44,000 after purchasing an additional 3,150 shares during the period. AlphaCrest Capital Management LLC bought a new stake in American Outdoor Brands during the 4th quarter valued at $172,000. Metropolitan Life Insurance Co. NY boosted its position in American Outdoor Brands by 314.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,177 shares of the company’s stock valued at $208,000 after acquiring an additional 12,272 shares in the last quarter. Finally, ETRADE Capital Management LLC bought a new stake in American Outdoor Brands during the 4th quarter valued at $297,000. 66.93% of the stock is owned by hedge funds and other institutional investors.

About American Outdoor Brands (NASDAQ:AOBC)

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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