ValuEngine downgraded shares of American Outdoor Brands (NASDAQ:AOBC) from a hold rating to a sell rating in a research report report published on Thursday morning.

Several other brokerages also recently issued reports on AOBC. Wedbush set a $15.00 target price on shares of American Outdoor Brands and gave the stock a buy rating in a research note on Friday, December 7th. Zacks Investment Research raised shares of American Outdoor Brands from a hold rating to a buy rating and set a $15.00 price objective for the company in a report on Wednesday, December 12th. BidaskClub raised shares of American Outdoor Brands from a strong sell rating to a sell rating in a report on Wednesday, February 20th. Finally, Cowen reissued a hold rating and set a $12.00 price objective on shares of American Outdoor Brands in a report on Friday, December 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. American Outdoor Brands currently has a consensus rating of Hold and a consensus price target of $13.60.

Shares of NASDAQ AOBC opened at $9.69 on Thursday. The company has a market capitalization of $528.67 million, a PE ratio of 21.07 and a beta of -0.07. American Outdoor Brands has a 52-week low of $9.27 and a 52-week high of $15.95. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.22 and a current ratio of 2.94.

American Outdoor Brands (NASDAQ:AOBC) last issued its earnings results on Thursday, March 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $162.01 million for 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, research analysts anticipate that American Outdoor Brands will post 0.73 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its holdings in shares of American Outdoor Brands by 299.2% during the fourth quarter. Acadian Asset Management LLC now owns 202,431 shares of the company’s stock valued at $2,603,000 after purchasing an additional 151,725 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of American Outdoor Brands by 135.3% during the third quarter. Canada Pension Plan Investment Board now owns 278,805 shares of the company’s stock valued at $4,330,000 after purchasing an additional 160,305 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of American Outdoor Brands by 644.8% during the third quarter. Deutsche Bank AG now owns 703,653 shares of the company’s stock valued at $10,926,000 after purchasing an additional 609,178 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of American Outdoor Brands by 1.6% during the third quarter. Vanguard Group Inc now owns 4,592,899 shares of the company’s stock valued at $71,328,000 after purchasing an additional 74,408 shares during the last quarter. Finally, Jefferies Group LLC purchased a new position in shares of American Outdoor Brands during the third quarter valued at approximately $278,000. 71.42% of the stock is owned by hedge funds and other institutional investors.

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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