American Outdoor Brands (AOBC) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of American Outdoor Brands (NASDAQ:AOBC) from a hold rating to a buy rating in a research note published on Saturday.

Several other brokerages have also issued reports on AOBC. Zacks Investment Research raised American Outdoor Brands from a sell rating to a hold rating in a research note on Monday, February 12th. ValuEngine raised American Outdoor Brands from a hold rating to a buy rating in a research note on Monday, April 2nd. Craig Hallum raised American Outdoor Brands from a hold rating to a buy rating and set a $13.00 price target on the stock in a research note on Friday, March 2nd. Wedbush reissued an outperform rating and issued a $15.00 price target (down from $19.50) on shares of American Outdoor Brands in a research note on Tuesday, February 27th. Finally, Lake Street Capital raised American Outdoor Brands from a hold rating to a buy rating and boosted their price target for the company from $9.00 to $13.00 in a research note on Thursday, April 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $18.23.

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American Outdoor Brands stock opened at $11.38 on Friday. The company has a current ratio of 3.13, a quick ratio of 1.38 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $603.01, a P/E ratio of 4.41, a P/E/G ratio of 2.40 and a beta of -0.04. American Outdoor Brands has a one year low of $8.32 and a one year high of $24.49.

American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings data on Thursday, March 1st. The company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. American Outdoor Brands had a return on equity of 11.05% and a net margin of 6.05%. The company had revenue of $157.38 million for the quarter, compared to analyst estimates of $173.83 million. equities analysts predict that American Outdoor Brands will post 0.31 earnings per share for the current fiscal year.

In other news, Director Robert L. Scott sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $10.36, for a total transaction of $103,600.00. Following the transaction, the director now directly owns 72,862 shares of the company’s stock, valued at $754,850.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.31% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. raised its position in shares of American Outdoor Brands by 11.7% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 49,513 shares of the company’s stock worth $755,000 after purchasing an additional 5,176 shares during the period. Wells Fargo & Company MN raised its position in shares of American Outdoor Brands by 6.9% during the fourth quarter. Wells Fargo & Company MN now owns 128,352 shares of the company’s stock worth $1,647,000 after purchasing an additional 8,285 shares during the period. Sciencast Management LP acquired a new position in shares of American Outdoor Brands during the fourth quarter worth approximately $139,000. Cubist Systematic Strategies LLC raised its position in shares of American Outdoor Brands by 260.4% during the third quarter. Cubist Systematic Strategies LLC now owns 17,297 shares of the company’s stock worth $264,000 after purchasing an additional 12,497 shares during the period. Finally, Two Sigma Securities LLC acquired a new position in shares of American Outdoor Brands during the fourth quarter worth approximately $162,000. 75.20% of the stock is currently owned by institutional investors.

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American Outdoor Brands Company Profile

American Outdoor Brands Corp. manufactures firearms. Its products include handguns, long guns, handcuffs and firearm-related products and accessories for sale to a wide variety of customers, including gun enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers and military agencies in the United States and throughout the world.

Analyst Recommendations for American Outdoor Brands (NASDAQ:AOBC)

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