Voya Investment Management LLC boosted its holdings in shares of American Outdoor Brands Corporation (NASDAQ:AOBC) by 9.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,463 shares of the company’s stock after acquiring an additional 2,192 shares during the quarter. Voya Investment Management LLC’s holdings in American Outdoor Brands Corporation were worth $586,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. acquired a new stake in American Outdoor Brands Corporation during the 1st quarter worth about $173,622,000. BlackRock Inc. boosted its position in American Outdoor Brands Corporation by 2.8% during the 2nd quarter. BlackRock Inc. now owns 4,868,787 shares of the company’s stock worth $107,892,000 after acquiring an additional 133,299 shares during the period. LSV Asset Management boosted its position in American Outdoor Brands Corporation by 7.9% during the 2nd quarter. LSV Asset Management now owns 1,992,648 shares of the company’s stock worth $44,157,000 after acquiring an additional 146,547 shares during the period. Dimensional Fund Advisors LP acquired a new stake in American Outdoor Brands Corporation during the 1st quarter worth about $39,185,000. Finally, State Street Corp boosted its position in American Outdoor Brands Corporation by 3.3% during the 1st quarter. State Street Corp now owns 971,425 shares of the company’s stock worth $19,244,000 after acquiring an additional 31,360 shares during the period. Hedge funds and other institutional investors own 71.26% of the company’s stock.

Shares of American Outdoor Brands Corporation (NASDAQ:AOBC) opened at $14.26 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 firm has a market capitalization of $776.00 million, a price-to-earnings ratio of 7.45, a P/E/G ratio of 1.16 and a beta of -0.14.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its quarterly earnings results on Thursday, September 7th. The company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 company’s revenue for the quarter was down 37.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS. equities research analysts forecast that American Outdoor Brands Corporation will post 1.13 EPS for the current year.

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A number of brokerages have commented on AOBC. Wedbush upgraded American Outdoor Brands Corporation from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $16.00 to $19.50 in a research report on Monday, September 25th. Aegis reiterated a “buy” rating and set a $23.00 price target on shares of American Outdoor Brands Corporation in a report on Wednesday, September 20th. Jefferies Group LLC reiterated a “hold” rating and set a $17.00 price target on shares of American Outdoor Brands Corporation in a report on Wednesday, September 20th. Craig Hallum reiterated a “hold” rating and set a $17.00 price target on shares of American Outdoor Brands Corporation in a report on Wednesday, September 20th. Finally, Forward View upgraded American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.68.

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.

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

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