American Outdoor Brands (NASDAQ:AOBC) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.

AOBC has been the subject of a number of other research reports. Aegis reissued a “buy” rating and issued a $23.00 price objective on shares of American Outdoor Brands in a research report on Wednesday, September 20th. Wedbush set a $20.00 price objective on American Outdoor Brands and gave the stock a “buy” rating in a research report on Friday, December 8th. Cowen reissued a “buy” rating and issued a $19.00 price objective (down previously from $27.00) on shares of American Outdoor Brands in a research report on Friday, September 8th. Zacks Investment Research raised American Outdoor Brands from a “sell” rating to a “hold” rating in a research report on Monday, November 27th. Finally, Ifs Securities upgraded American Outdoor Brands from an “outperform” rating to a “strong-buy” rating in a research note on Friday, December 8th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.37.

Shares of American Outdoor Brands (NASDAQ:AOBC) opened at $13.58 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.91 and a quick ratio of 0.93. The firm has a market capitalization of $734.87, a price-to-earnings ratio of 10.00, a PEG ratio of 1.50 and a beta of -0.13. American Outdoor Brands has a 52-week low of $12.46 and a 52-week high of $24.49.

American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings data on Thursday, December 7th. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.04. The firm had revenue of $148.40 million during the quarter, compared to analysts’ expectations of $142.10 million. American Outdoor Brands had a return on equity of 19.29% and a net margin of 8.27%. The company’s revenue was down 36.5% compared to the same quarter last year. research analysts expect that American Outdoor Brands will post 0.61 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of AOBC. Tower Research Capital LLC TRC purchased a new position in American Outdoor Brands in the 2nd quarter worth $108,000. Pacad Investment Ltd. purchased a new position in American Outdoor Brands in the 2nd quarter worth $122,000. Victory Capital Management Inc. purchased a new position in American Outdoor Brands in the 2nd quarter worth $125,000. Quantbot Technologies LP purchased a new position in American Outdoor Brands in the 2nd quarter worth $156,000. Finally, PNC Financial Services Group Inc. raised its stake in American Outdoor Brands by 34.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,425 shares of the company’s stock worth $164,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors own 71.59% of the company’s stock.

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American Outdoor Brands 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 (NASDAQ:AOBC)

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