Wedbush downgraded shares of American Outdoor Brands (NASDAQ:AOBC) from an outperform rating to a neutral rating in a report published on Wednesday morning, Marketbeat.com reports. Wedbush currently has $11.00 price objective on the stock, down from their previous price objective of $13.50. Wedbush also issued estimates for American Outdoor Brands’ Q4 2019 earnings at $0.14 EPS, FY2019 earnings at $0.73 EPS and FY2020 earnings at $0.87 EPS.

A number of other analysts also recently issued reports on AOBC. ValuEngine downgraded shares of American Outdoor Brands from a buy rating to a hold rating in a report on Friday, November 30th. BidaskClub downgraded shares of American Outdoor Brands from a hold rating to a sell rating in a report on Saturday, December 1st. Cowen reiterated a hold rating and issued a $12.00 target price on shares of American Outdoor Brands in a report on Friday, December 7th. Finally, Zacks Investment Research upgraded shares of American Outdoor Brands from a hold rating to a buy rating and set a $15.00 target price for the company in a report on Wednesday, December 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $13.60.

Shares of NASDAQ AOBC opened at $9.69 on Wednesday. The company has a market cap of $528.67 million, a PE ratio of 21.07 and a beta of -0.07. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.94 and a quick ratio of 1.22. American Outdoor Brands has a 1 year low of $9.27 and a 1 year high of $15.95.

American Outdoor Brands (NASDAQ:AOBC) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. The business had revenue of $162.01 million during the quarter, compared to the consensus estimate of $162.55 million. American Outdoor Brands had a net margin of 2.56% and a return on equity of 10.47%. On average, sell-side analysts expect that American Outdoor Brands will post 0.73 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors acquired a new stake in American Outdoor Brands in the 4th quarter valued at approximately $29,000. FNY Investment Advisers LLC increased its holdings in American Outdoor Brands by 187.2% in the 4th quarter. FNY Investment Advisers LLC now owns 2,892 shares of the company’s stock valued at $37,000 after purchasing an additional 1,885 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in American Outdoor Brands in the 3rd quarter valued at approximately $206,000. AlphaCrest Capital Management LLC acquired a new stake in American Outdoor Brands in the 4th quarter valued at approximately $172,000. Finally, Victory Capital Management Inc. acquired a new stake in American Outdoor Brands in the 3rd quarter valued at approximately $217,000. Hedge funds and other institutional investors own 71.42% of the company’s stock.

American Outdoor Brands Company Profile

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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