American Outdoor Brands (NASDAQ:AOBC) Downgraded to Sell at BidaskClub

BidaskClub lowered shares of American Outdoor Brands (NASDAQ:AOBC) from a hold rating to a sell rating in a research note published on Saturday morning, BidAskClub reports.

Other research analysts have also issued reports about the stock. Cowen restated a hold rating and issued a $12.00 price objective on shares of American Outdoor Brands in a report on Wednesday, June 19th. ValuEngine lowered shares of American Outdoor Brands from a sell rating to a strong sell rating in a report on Thursday, August 1st. Wedbush set a $10.00 price objective on shares of American Outdoor Brands and gave the stock a hold rating in a report on Wednesday, May 22nd. Finally, Zacks Investment Research upgraded shares of American Outdoor Brands from a hold rating to a buy rating and set a $11.00 price objective for the company in a report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $12.60.

Shares of NASDAQ AOBC opened at $8.18 on Friday. The company has a quick ratio of 1.21, a current ratio of 2.68 and a debt-to-equity ratio of 0.44. American Outdoor Brands has a 12 month low of $8.00 and a 12 month high of $15.95. The company has a market cap of $448.28 million, a price-to-earnings ratio of 9.86 and a beta of 0.11. The stock has a fifty day moving average of $9.00.

American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings data on Wednesday, June 19th. The company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.10. American Outdoor Brands had a net margin of 2.88% and a return on equity of 10.55%. The business had revenue of $175.73 million during the quarter, compared to analyst estimates of $168.99 million. During the same period in the prior year, the business earned $0.24 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Research analysts expect that American Outdoor Brands will post 0.81 EPS for the current year.

Several large investors have recently added to or reduced their stakes in AOBC. Norges Bank purchased a new stake in shares of American Outdoor Brands in the 4th quarter worth about $11,304,000. Renaissance Technologies LLC grew its position in shares of American Outdoor Brands by 21.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,682,400 shares of the company’s stock worth $33,178,000 after buying an additional 642,010 shares during the period. Deutsche Bank AG grew its position in shares of American Outdoor Brands by 62.6% in the 4th quarter. Deutsche Bank AG now owns 1,144,341 shares of the company’s stock worth $14,715,000 after buying an additional 440,688 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of American Outdoor Brands in the 1st quarter worth about $3,715,000. Finally, SG Americas Securities LLC grew its position in shares of American Outdoor Brands by 1,390.7% in the 1st quarter. SG Americas Securities LLC now owns 273,807 shares of the company’s stock worth $2,557,000 after buying an additional 255,439 shares during the period. 65.95% of the stock is currently owned by hedge funds and other institutional investors.

American Outdoor Brands Company Profile

American Outdoor Brands Corporation designs, manufactures, and sells firearms worldwide. The company's Firearms segment offers handguns, long guns, handcuffs, suppressors, and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Gemtech, and Thompson/Center Arms brands.

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