BidaskClub Lowers American Outdoor Brands (NASDAQ:AOBC) to Sell
Several other research analysts also recently weighed in on AOBC. Wedbush set a $10.00 target price on American Outdoor Brands and gave the stock a hold rating in a research note on Wednesday, May 22nd. ValuEngine downgraded American Outdoor Brands from a sell rating to a strong sell rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded American Outdoor Brands from a hold rating to a buy rating and set a $11.00 target price on the stock in a research note on Monday, July 22nd. Finally, Cowen restated a hold rating and set a $12.00 target price on shares of American Outdoor Brands in a research note on Wednesday, June 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $12.60.
Shares of NASDAQ:AOBC opened at $8.32 on Friday. American Outdoor Brands has a 12-month low of $8.00 and a 12-month high of $15.95. The firm has a fifty day moving average of $9.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.68 and a quick ratio of 1.21. The stock has a market cap of $453.20 million, a P/E ratio of 10.02 and a beta of 0.11.
Hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in American Outdoor Brands during the 4th quarter worth about $11,304,000. Renaissance Technologies LLC lifted its position in American Outdoor Brands by 21.1% during the 2nd quarter. Renaissance Technologies LLC now owns 3,682,400 shares of the company’s stock worth $33,178,000 after acquiring an additional 642,010 shares during the period. Deutsche Bank AG lifted its position in American Outdoor Brands by 62.6% during the 4th quarter. Deutsche Bank AG now owns 1,144,341 shares of the company’s stock worth $14,715,000 after acquiring an additional 440,688 shares during the period. Assenagon Asset Management S.A. acquired a new stake in American Outdoor Brands during the 1st quarter worth about $3,715,000. Finally, SG Americas Securities LLC lifted its position in American Outdoor Brands by 1,390.7% during the 1st quarter. SG Americas Securities LLC now owns 273,807 shares of the company’s stock worth $2,557,000 after acquiring an additional 255,439 shares during the period. Hedge funds and other institutional investors own 66.10% 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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