American Outdoor Brands Corp (NASDAQ:AOBC) Given Consensus Rating of “Buy” by Brokerages

American Outdoor Brands Corp (NASDAQ:AOBC) has earned a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $11.25.

Several brokerages recently issued reports on AOBC. Zacks Investment Research raised shares of American Outdoor Brands from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Craig Hallum restated a “buy” rating and set a $12.00 price target (up previously from $10.00) on shares of American Outdoor Brands in a research report on Thursday. Lake Street Capital restated a “buy” rating and set a $14.00 price target (down previously from $17.00) on shares of American Outdoor Brands in a research report on Friday, August 30th. BidaskClub upgraded shares of American Outdoor Brands from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Finally, Cowen set a $10.00 price target on shares of American Outdoor Brands and gave the company a “hold” rating in a research report on Thursday, August 29th.

Shares of NASDAQ:AOBC traded down $0.24 during midday trading on Monday, hitting $8.26. The stock had a trading volume of 13,587 shares, compared to its average volume of 767,619. The company’s 50-day moving average price is $6.88 and its 200-day moving average price is $8.02. The company has a market capitalization of $458.31 million, a P/E ratio of 9.99 and a beta of 0.26. The company has a quick ratio of 0.68, a current ratio of 1.87 and a debt-to-equity ratio of 0.32. American Outdoor Brands has a fifty-two week low of $5.41 and a fifty-two week high of $15.32.

American Outdoor Brands (NASDAQ:AOBC) last issued its earnings results on Thursday, August 29th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.05). The firm had revenue of $123.67 million during the quarter, compared to analyst estimates of $126.58 million. American Outdoor Brands had a net margin of 1.39% and a return on equity of 8.19%. American Outdoor Brands’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Research analysts expect that American Outdoor Brands will post 0.74 EPS for the current fiscal year.

In related news, Director John B. Furman sold 10,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $6.95, for a total transaction of $69,500.00. Following the completion of the transaction, the director now owns 38,335 shares in the company, valued at $266,428.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.68% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its position in American Outdoor Brands by 609.1% during the third quarter. Tower Research Capital LLC TRC now owns 5,013 shares of the company’s stock worth $29,000 after purchasing an additional 4,306 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of American Outdoor Brands by 44.2% in the third quarter. Russell Investments Group Ltd. now owns 36,639 shares of the company’s stock valued at $215,000 after purchasing an additional 11,230 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of American Outdoor Brands by 9.3% in the third quarter. Rhumbline Advisers now owns 90,399 shares of the company’s stock valued at $529,000 after purchasing an additional 7,692 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in shares of American Outdoor Brands by 199.8% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 38,068 shares of the company’s stock valued at $223,000 after purchasing an additional 25,372 shares during the last quarter. Finally, Roman Butler Fullerton & Co. raised its holdings in shares of American Outdoor Brands by 12.6% in the third quarter. Roman Butler Fullerton & Co. now owns 45,520 shares of the company’s stock valued at $266,000 after purchasing an additional 5,100 shares during the last quarter. Hedge funds and other institutional investors own 70.44% of the company’s stock.

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.

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