440 Investment Group LLC purchased a new position in American Outdoor Brands Corporation (NASDAQ:AOBC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,930 shares of the company’s stock, valued at approximately $242,000.

A number of other hedge funds have also recently modified their holdings of AOBC. Great West Life Assurance Co. Can purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter worth approximately $105,000. Envestnet Asset Management Inc. purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter worth approximately $107,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter worth approximately $108,000. PNC Financial Services Group Inc. purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter worth approximately $110,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter worth approximately $111,000. 71.93% of the stock is owned by institutional investors.

American Outdoor Brands Corporation (AOBC) opened at 19.20 on Friday. American Outdoor Brands Corporation has a 52 week low of $17.50 and a 52 week high of $30.08. The company has a 50 day moving average price of $21.17 and a 200 day moving average price of $21.10. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 8.53 and a beta of 0.01.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its earnings results on Thursday, June 29th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.19. American Outdoor Brands Corporation had a net margin of 13.87% and a return on equity of 37.76%. The company had revenue of $229.20 million during the quarter, compared to analysts’ expectations of $210.82 million. American Outdoor Brands Corporation’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that American Outdoor Brands Corporation will post $1.56 EPS for the current fiscal year.

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A number of analysts have commented on AOBC shares. Vetr raised American Outdoor Brands Corporation from a “hold” rating to a “buy” rating and set a $23.59 price target for the company in a research report on Wednesday, May 10th. ValuEngine cut American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Jefferies Group LLC reaffirmed a “hold” rating and set a $20.00 price target on shares of American Outdoor Brands Corporation in a research report on Friday, April 28th. Zacks Investment Research raised American Outdoor Brands Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, Wunderlich reaffirmed a “hold” rating and set a $22.00 price target on shares of American Outdoor Brands Corporation in a research report on Friday, June 23rd. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $23.34.

In other American Outdoor Brands Corporation news, Director Robert L. Scott sold 10,000 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the director now directly owns 57,448 shares of the company’s stock, valued at $1,378,752. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.94% of the company’s stock.

American Outdoor Brands Corporation 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.

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Institutional Ownership by Quarter for American Outdoor Brands Corporation (NASDAQ:AOBC)

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