Jefferies Group LLC reissued their hold rating on shares of American Outdoor Brands Corporation (NASDAQ:AOBC) in a research note released on Wednesday morning. Jefferies Group LLC currently has a $17.00 price objective on the stock.

A number of other analysts have also weighed in on the company. Zacks Investment Research lowered American Outdoor Brands Corporation from a hold rating to a sell rating in a research report on Tuesday, September 5th. Ifs Securities started coverage on American Outdoor Brands Corporation in a report on Friday, September 1st. They issued an outperform rating and a $21.00 target price on the stock. Vetr raised American Outdoor Brands Corporation from a sell rating to a strong-buy rating and set a $26.01 target price on the stock in a report on Tuesday, June 27th. Wunderlich reissued a hold rating and issued a $22.00 target price on shares of American Outdoor Brands Corporation in a report on Friday, June 23rd. Finally, Cowen and Company increased their target price on American Outdoor Brands Corporation from $24.00 to $27.00 and gave the company an outperform rating in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. American Outdoor Brands Corporation has an average rating of Hold and a consensus price target of $19.37.

American Outdoor Brands Corporation (NASDAQ:AOBC) last posted its quarterly earnings data on Thursday, September 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). American Outdoor Brands Corporation had a return on equity of 27.91% and a net margin of 10.96%. The company had revenue of $129.02 million for the quarter, compared to analysts’ expectations of $147.24 million. During the same period in the prior year, the company posted $0.66 EPS. The firm’s revenue was down 37.7% compared to the same quarter last year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can acquired a new position in American Outdoor Brands Corporation in the first quarter valued at $105,000. Envestnet Asset Management Inc. acquired a new position in American Outdoor Brands Corporation in the first quarter valued at $107,000. O Shaughnessy Asset Management LLC acquired a new position in American Outdoor Brands Corporation in the first quarter valued at $108,000. Tower Research Capital LLC TRC acquired a new position in American Outdoor Brands Corporation in the second quarter valued at $108,000. Finally, PNC Financial Services Group Inc. acquired a new position in American Outdoor Brands Corporation in the first quarter valued at $110,000. Institutional investors own 72.53% 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.

Analyst Recommendations for American Outdoor Brands Corporation (NASDAQ:AOBC)

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