Zacks Investment Research cut shares of American Outdoor Brands (NASDAQ:AOBC) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

According to Zacks, “American Outdoor Brands Corporation is a manufacturer and seller of firearms and accessory products for the shooting, hunting and outdoor enthusiast. The company’s product comprises pistols, revolvers, rifles, guns, handcuffs and firearm-related products and accessories. It sells its products under the brand name Smith & Wesson, M&P, Thompson/Centre and Performance Centre. American Outdoor Brands Corporation, formerly known as Smith & Wesson Holding Corporation, is based in Springfield, Massachusetts. “

AOBC has been the topic of a number of other research reports. Cowen downgraded American Outdoor Brands from an outperform rating to a market perform rating and set a $12.00 target price on the stock. in a research report on Thursday, June 21st. BidaskClub cut American Outdoor Brands from a strong-buy rating to a buy rating in a report on Tuesday, July 3rd. ValuEngine cut American Outdoor Brands from a hold rating to a sell rating in a report on Saturday, July 28th. Wedbush lifted their price target on American Outdoor Brands from $13.00 to $14.50 and gave the stock an outperform rating in a report on Thursday, June 21st. Finally, Lake Street Capital lifted their price target on American Outdoor Brands from $13.00 to $17.00 and gave the stock a buy rating in a report on Thursday, June 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. American Outdoor Brands presently has an average rating of Hold and an average price target of $16.06.

NASDAQ:AOBC opened at $9.65 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.16 and a current ratio of 2.69. The stock has a market capitalization of $518.28 million, a P/E ratio of 20.72 and a beta of -0.24. American Outdoor Brands has a 52-week low of $8.32 and a 52-week high of $18.15.

American Outdoor Brands (NASDAQ:AOBC) last released its earnings results on Wednesday, June 20th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.13. The business had revenue of $172.00 million for the quarter, compared to the consensus estimate of $166.83 million. American Outdoor Brands had a return on equity of 6.27% and a net margin of 3.32%. American Outdoor Brands’s quarterly revenue was down 25.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 earnings per share. analysts anticipate that American Outdoor Brands will post 0.54 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. Verition Fund Management LLC bought a new position in American Outdoor Brands during the second quarter worth about $133,000. Fisher Asset Management LLC bought a new stake in shares of American Outdoor Brands during the second quarter worth approximately $153,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of American Outdoor Brands during the first quarter worth approximately $158,000. GSA Capital Partners LLP bought a new stake in shares of American Outdoor Brands during the first quarter worth approximately $186,000. Finally, Two Sigma Advisers LP bought a new stake in shares of American Outdoor Brands during the fourth quarter worth approximately $190,000. Institutional investors and hedge funds own 62.91% 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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