Legal & General Group Plc lifted its position in shares of American Outdoor Brands Corp (NASDAQ:AOBC) by 52.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 21,211 shares of the company’s stock after buying an additional 7,307 shares during the quarter. Legal & General Group Plc’s holdings in American Outdoor Brands were worth $329,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AOBC. Dimensional Fund Advisors LP grew its holdings in shares of American Outdoor Brands by 67.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,096,162 shares of the company’s stock worth $63,613,000 after buying an additional 1,651,644 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of American Outdoor Brands during the third quarter worth about $19,260,000. Deutsche Bank AG grew its holdings in shares of American Outdoor Brands by 644.8% during the third quarter. Deutsche Bank AG now owns 703,653 shares of the company’s stock worth $10,926,000 after buying an additional 609,178 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of American Outdoor Brands by 141.3% during the third quarter. TIAA CREF Investment Management LLC now owns 292,515 shares of the company’s stock worth $4,543,000 after buying an additional 171,314 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of American Outdoor Brands during the third quarter worth about $2,548,000. Institutional investors and hedge funds own 64.64% of the company’s stock.

A number of equities research analysts have recently commented on AOBC shares. BidaskClub downgraded shares of American Outdoor Brands from a “sell” rating to a “strong sell” rating in a report on Friday, January 25th. Zacks Investment Research upgraded shares of American Outdoor Brands from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, December 12th. Craig Hallum downgraded shares of American Outdoor Brands from a “buy” rating to a “hold” rating and lowered their target price for the company from $15.00 to $13.00 in a report on Thursday, November 1st. Wedbush lowered their target price on shares of American Outdoor Brands from $16.50 to $15.30 and set an “outperform” rating for the company in a report on Tuesday, December 4th. Finally, ValuEngine downgraded shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $14.40.

American Outdoor Brands stock opened at $12.05 on Friday. American Outdoor Brands Corp has a 1 year low of $8.32 and a 1 year high of $15.95. The company has a market capitalization of $657.21 million, a P/E ratio of 26.20 and a beta of -0.16. The company has a quick ratio of 1.11, a current ratio of 2.88 and a debt-to-equity ratio of 0.50.

American Outdoor Brands (NASDAQ:AOBC) last released its earnings results on Thursday, December 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. American Outdoor Brands had a net margin of 5.30% and a return on equity of 9.60%. The firm had revenue of $161.70 million during the quarter, compared to the consensus estimate of $154.67 million. During the same period in the previous year, the firm earned $0.11 earnings per share. American Outdoor Brands’s revenue was up 9.0% compared to the same quarter last year. On average, research analysts predict that American Outdoor Brands Corp will post 0.73 earnings per share for the current year.

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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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Institutional Ownership by Quarter for American Outdoor Brands (NASDAQ:AOBC)

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