American Outdoor Brands (AOBC) Upgraded to “Buy” by ValuEngine

American Outdoor Brands (NASDAQ:AOBC) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Several other analysts have also issued reports on AOBC. Forward View lowered American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Sunday. Lake Street Capital restated a “hold” rating and set a $11.00 target price (down from $13.00) on shares of American Outdoor Brands in a report on Friday, December 8th. Wedbush set a $20.00 target price on American Outdoor Brands and gave the company a “buy” rating in a report on Friday, December 8th. Craig Hallum cut their target price on American Outdoor Brands from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Friday, December 8th. Finally, Cowen restated a “buy” rating and set a $19.00 target price on shares of American Outdoor Brands in a report on Friday, December 8th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. American Outdoor Brands presently has an average rating of “Buy” and a consensus target price of $19.37.

Shares of American Outdoor Brands (AOBC) opened at $13.60 on Thursday. The company has a current ratio of 1.91, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. American Outdoor Brands has a 1-year low of $12.46 and a 1-year high of $24.49. The stock has a market capitalization of $746.23, a price-to-earnings ratio of 10.14, a P/E/G ratio of 1.51 and a beta of -0.13.

American Outdoor Brands (NASDAQ:AOBC) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.04. American Outdoor Brands had a return on equity of 19.29% and a net margin of 8.27%. The business had revenue of $148.40 million during the quarter, compared to analyst estimates of $142.10 million. The firm’s quarterly 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.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in shares of American Outdoor Brands by 2.8% in the second quarter. BlackRock Inc. now owns 4,868,787 shares of the company’s stock valued at $107,892,000 after purchasing an additional 133,299 shares during the last quarter. LSV Asset Management grew its position in shares of American Outdoor Brands by 7.9% in the second quarter. LSV Asset Management now owns 1,992,648 shares of the company’s stock valued at $44,157,000 after purchasing an additional 146,547 shares during the last quarter. Royal Bank of Canada grew its position in shares of American Outdoor Brands by 3.8% in the second quarter. Royal Bank of Canada now owns 1,663,306 shares of the company’s stock valued at $36,859,000 after purchasing an additional 61,374 shares during the last quarter. State Street Corp grew its position in shares of American Outdoor Brands by 6.7% in the second quarter. State Street Corp now owns 1,036,174 shares of the company’s stock valued at $22,962,000 after purchasing an additional 64,749 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of American Outdoor Brands by 5.2% in the second quarter. Northern Trust Corp now owns 787,335 shares of the company’s stock valued at $17,447,000 after purchasing an additional 38,968 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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