American Outdoor Brands Corporation (NASDAQ:AOBC) had its price objective reduced by equities researchers at Lake Street Capital from $17.00 to $13.00 in a research note issued on Friday. The brokerage presently has a “hold” rating on the stock. Lake Street Capital’s target price suggests a potential downside of 3.63% from the stock’s previous close.

A number of other analysts have also recently commented on AOBC. Craig Hallum restated a “hold” rating and issued a $17.00 price target on shares of American Outdoor Brands Corporation in a research report on Wednesday, September 20th. Vetr upgraded American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 price target for the company in a research report on Monday, August 7th. Aegis restated a “buy” rating and issued a $23.00 price target on shares of American Outdoor Brands Corporation in a research report on Wednesday, September 20th. TheStreet cut American Outdoor Brands Corporation from a “b” rating to a “c” rating in a research report on Thursday, September 7th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $17.00 price target on shares of American Outdoor Brands Corporation in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. American Outdoor Brands Corporation presently has an average rating of “Hold” and an average target price of $19.68.

Shares of American Outdoor Brands Corporation (NASDAQ AOBC) opened at $13.49 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 0.80. The company has a market capitalization of $728.49, a PE ratio of 6.99, a price-to-earnings-growth ratio of 0.80 and a beta of -0.14. American Outdoor Brands Corporation has a 1 year low of $12.87 and a 1 year high of $25.01.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its quarterly earnings results on Thursday, September 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.09). The company had revenue of $129.02 million during the quarter, compared to analysts’ expectations of $147.24 million. American Outdoor Brands Corporation had a return on equity of 27.91% and a net margin of 10.96%. The business’s quarterly revenue was down 37.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. sell-side analysts expect that American Outdoor Brands Corporation will post 1.12 EPS for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. bought a new position in shares of American Outdoor Brands Corporation in the first quarter worth about $515,000. Northern Trust Corp boosted its stake in shares of American Outdoor Brands Corporation by 5.2% in the second quarter. Northern Trust Corp now owns 787,335 shares of the company’s stock worth $17,447,000 after acquiring an additional 38,968 shares during the period. Principal Financial Group Inc. bought a new position in shares of American Outdoor Brands Corporation in the first quarter worth about $1,200,000. Stifel Financial Corp boosted its stake in American Outdoor Brands Corporation by 5.1% during the second quarter. Stifel Financial Corp now owns 147,747 shares of the company’s stock valued at $3,359,000 after buying an additional 7,231 shares during the last quarter. Finally, Midas Management Corp bought a new position in American Outdoor Brands Corporation during the second quarter valued at approximately $448,000. 69.91% of the stock is owned by hedge funds and other institutional investors.

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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