Zacks Investment Research upgraded shares of American Outdoor Brands (NASDAQ:AOBC) from a sell rating to a hold rating in a research report sent to investors on Monday.
According to Zacks, “American Outdoor Brands Corporation is a manufacturer and seller of firearms and accessory products for the shooting, hunting and outdoor enthusiast. The company’s product comprises pistols, revolvers, rifles, guns, handcuffs and firearm-related products and accessories. It sells its products under the brand name Smith & Wesson, M&P, Thompson/Centre and Performance Centre. American Outdoor Brands Corporation, formerly known as Smith & Wesson Holding Corporation, is based in Springfield, Massachusetts. “
A number of other research analysts have also recently issued reports on the company. ValuEngine cut American Outdoor Brands from a buy rating to a hold rating in a report on Friday, February 2nd. Forward View cut American Outdoor Brands from a buy rating to a hold rating in a report on Sunday, December 10th. Ifs Securities raised American Outdoor Brands from an outperform rating to a strong-buy rating in a report on Friday, December 8th. They noted that the move was a valuation call. Lake Street Capital reissued a hold rating and set a $11.00 price objective (down from $13.00) on shares of American Outdoor Brands in a report on Friday, December 8th. Finally, Craig Hallum cut their price objective on American Outdoor Brands from $17.00 to $15.00 and set a hold rating for the company in a report on Friday, December 8th. Eight investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $18.80.
American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings data on Thursday, December 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. The company 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%. American Outdoor Brands’s revenue was down 36.5% on a year-over-year basis. analysts predict that American Outdoor Brands will post 0.61 EPS for the current year.
In related news, Director Robert H. Brust sold 3,802 shares of American Outdoor Brands stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $13.97, for a total value of $53,113.94. Following the completion of the transaction, the director now directly owns 8,526 shares of the company’s stock, valued at $119,108.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.31% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Archer Capital Management L.P. bought a new position in shares of American Outdoor Brands in the fourth quarter valued at about $1,926,000. Sciencast Management LP bought a new position in shares of American Outdoor Brands in the fourth quarter valued at about $139,000. Luminus Management LLC raised its holdings in shares of American Outdoor Brands by 175.6% in the fourth quarter. Luminus Management LLC now owns 1,273,160 shares of the company’s stock valued at $16,347,000 after buying an additional 811,160 shares during the last quarter. Two Sigma Securities LLC bought a new position in shares of American Outdoor Brands in the fourth quarter valued at about $162,000. Finally, Two Sigma Advisers LP bought a new position in shares of American Outdoor Brands in the fourth quarter valued at about $190,000. 71.28% of the stock is owned by institutional investors and hedge funds.
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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.
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