Shares of American Outdoor Brands Corporation (NASDAQ:AOBC) have been assigned an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $21.72.

A number of analysts have issued reports on AOBC shares. Zacks Investment Research cut shares of American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. ValuEngine cut shares of American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Vetr upgraded shares of American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 target price for the company in a research note on Monday, August 7th. Finally, Jefferies Group LLC reiterated a “hold” rating on shares of American Outdoor Brands Corporation in a research note on Friday, June 2nd.

In other news, Director Robert L. Scott sold 10,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the director now directly owns 57,448 shares in the company, valued at $1,378,752. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.31% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Bank of Montreal Can purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter worth $6,820,000. Skylands Capital LLC purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter worth $2,433,000. Clark Estates Inc. NY purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter worth $2,655,000. James Investment Research Inc. purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter worth $4,307,000. Finally, Nationwide Fund Advisors purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter worth $681,000. Institutional investors and hedge funds own 71.08% of the company’s stock.

American Outdoor Brands Corporation (NASDAQ:AOBC) traded up 1.13% during midday trading on Tuesday, hitting $18.78. 1,208,921 shares of the stock traded hands. The company has a 50-day moving average price of $20.48 and a 200-day moving average price of $21.03. The firm has a market cap of $1.01 billion, a P/E ratio of 8.35 and a beta of 0.01. American Outdoor Brands Corporation has a 1-year low of $17.50 and a 1-year high of $30.08.

American Outdoor Brands Corporation (NASDAQ:AOBC) last posted its quarterly earnings results on Thursday, June 29th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.38 by $0.19. The business had revenue of $229.20 million during the quarter, compared to analysts’ expectations of $210.82 million. American Outdoor Brands Corporation had a net margin of 13.87% and a return on equity of 37.76%. American Outdoor Brands Corporation’s quarterly revenue was up 3.7% on a year-over-year basis. Analysts predict that American Outdoor Brands Corporation will post $1.56 EPS for the current year.

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About American Outdoor Brands Corporation

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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