BidaskClub downgraded shares of American Outdoor Brands (NASDAQ:AOBC) from a hold rating to a sell rating in a research note released on Saturday morning, BidAskClub reports.

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.

American Outdoor Brands (NASDAQ:AOBC) last announced its earnings results on Wednesday, June 19th. The company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.10. American Outdoor Brands had a return on equity of 10.55% and a net margin of 2.88%. The firm had revenue of $175.73 million for the quarter, compared to the consensus estimate of $168.99 million. During the same period in the previous year, the business earned $0.24 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Sell-side analysts forecast that American Outdoor Brands will post 0.81 EPS for the current fiscal year.

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.

See Also: Put Option Volume

Receive News & Ratings for American Outdoor Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Outdoor Brands and related companies with MarketBeat.com's FREE daily email newsletter.