Symons Capital Management Inc. purchased a new position in American Outdoor Brands Corporation (NASDAQ:AOBC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,611 shares of the company’s stock, valued at approximately $192,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. purchased a new position in American Outdoor Brands Corporation during the 1st quarter valued at approximately $173,622,000. BlackRock Inc. purchased a new position in American Outdoor Brands Corporation during the 1st quarter valued at approximately $93,810,000. Dimensional Fund Advisors LP purchased a new position in American Outdoor Brands Corporation during the 1st quarter valued at approximately $39,185,000. Geode Capital Management LLC purchased a new position in American Outdoor Brands Corporation during the 1st quarter valued at approximately $16,784,000. Finally, State of Wisconsin Investment Board purchased a new position in American Outdoor Brands Corporation during the 2nd quarter valued at approximately $8,864,000. Institutional investors and hedge funds own 70.74% of the company’s stock.

Several research firms have recently issued reports on AOBC. Wedbush raised American Outdoor Brands Corporation from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $16.00 to $19.50 in a research note on Monday, September 25th. Aegis reaffirmed a “buy” rating and issued a $23.00 price objective on shares of American Outdoor Brands Corporation in a research note on Wednesday, September 20th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $17.00 price objective on shares of American Outdoor Brands Corporation in a research note on Wednesday, September 20th. Craig Hallum reissued a “hold” rating and set a $17.00 price target on shares of American Outdoor Brands Corporation in a research note on Wednesday, September 20th. Finally, Forward View raised American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.68.

Shares of American Outdoor Brands Corporation (AOBC) traded up $0.15 during mid-day trading on Friday, reaching $13.59. The company had a trading volume of 649,600 shares, compared to its average volume of 1,423,786. American Outdoor Brands Corporation has a 1 year low of $12.92 and a 1 year high of $25.01. The company has a current ratio of 1.63, a quick ratio of 0.80 and a debt-to-equity ratio of 0.41. The stock has a market cap of $725.78, a P/E ratio of 6.96, a price-to-earnings-growth ratio of 1.08 and a beta of -0.14.

American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its earnings results on Thursday, September 7th. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.09). American Outdoor Brands Corporation had a return on equity of 27.91% and a net margin of 10.96%. The business had revenue of $129.02 million for the quarter, compared to analysts’ expectations of $147.24 million. During the same quarter last year, the firm earned $0.66 earnings per share. The firm’s quarterly revenue was down 37.7% compared to the same quarter last year. sell-side analysts predict that American Outdoor Brands Corporation will post 1.13 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This story was first reported by Watch List News and is the property of of Watch List News. If you are viewing this story on another domain, it was illegally copied and reposted in violation of US and international trademark and copyright legislation. The correct version of this story can be accessed at https://www.watchlistnews.com/symons-capital-management-inc-takes-position-in-american-outdoor-brands-corporation-aobc/1696104.html.

American Outdoor Brands Corporation 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.

Want to see what other hedge funds are holding AOBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Outdoor Brands Corporation (NASDAQ:AOBC).

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

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