American Outdoor Brands’ (AOBC) “Outperform” Rating Reiterated at Wedbush
Wedbush reiterated their outperform rating on shares of American Outdoor Brands (NASDAQ:AOBC) in a research report sent to investors on Tuesday morning, MarketBeat reports. Wedbush currently has a $15.00 price objective on the stock, down from their previous price objective of $19.50. Wedbush also issued estimates for American Outdoor Brands’ Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $0.59 EPS and FY2019 earnings at $1.36 EPS.
A number of other brokerages also recently commented on AOBC. Ifs Securities raised shares of American Outdoor Brands from an outperform rating to a strong-buy rating in a research note on Friday, December 8th. They noted that the move was a valuation call. Lake Street Capital reissued a hold rating and issued a $11.00 target price (down previously from $13.00) on shares of American Outdoor Brands in a research note on Friday, December 8th. Craig Hallum cut their target price on shares of American Outdoor Brands from $17.00 to $15.00 and set a hold rating on the stock in a research note on Friday, December 8th. Cowen reaffirmed a buy rating and set a $19.00 price target on shares of American Outdoor Brands in a report on Friday, December 8th. Finally, Forward View lowered shares of American Outdoor Brands from a buy rating to a hold rating in a report on Sunday, December 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $17.90.
American Outdoor Brands (NASDAQ AOBC) opened at $9.75 on Tuesday. American Outdoor Brands has a one year low of $8.32 and a one year high of $24.49. The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 0.52. The company has a market cap of $546.68, a price-to-earnings ratio of 17.73, a PEG ratio of 1.05 and a beta of 0.04.
In related news, Director Robert H. Brust sold 3,802 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $13.97, for a total transaction of $53,113.94. Following the completion of the sale, the director now directly owns 8,526 shares of the company’s stock, valued at approximately $119,108.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.31% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AOBC. Luminus Management LLC grew its holdings in American Outdoor Brands by 175.6% during the 4th quarter. Luminus Management LLC now owns 1,273,160 shares of the company’s stock valued at $16,347,000 after purchasing an additional 811,160 shares in the last quarter. BlackRock Inc. grew its holdings in American Outdoor Brands by 9.1% during the 4th quarter. BlackRock Inc. now owns 6,012,767 shares of the company’s stock worth $77,204,000 after acquiring an additional 502,638 shares in the last quarter. SG Americas Securities LLC grew its holdings in American Outdoor Brands by 356.4% during the 3rd quarter. SG Americas Securities LLC now owns 224,077 shares of the company’s stock worth $3,417,000 after acquiring an additional 174,975 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in American Outdoor Brands by 266.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 225,046 shares of the company’s stock worth $3,477,000 after acquiring an additional 163,565 shares in the last quarter. Finally, Archer Capital Management L.P. acquired a new position in American Outdoor Brands during the 4th quarter worth $1,926,000. 71.62% of the stock is owned by institutional investors and hedge funds.
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About American Outdoor Brands
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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