American Outdoor Brands Corporation (NASDAQ:AOBC) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday. The firm currently has a $23.03 price objective on the stock. Vetr‘s price target suggests a potential upside of 19.45% from the company’s previous close.

Several other research firms have also recently weighed in on AOBC. Zacks Investment Research cut shares of American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Wunderlich reaffirmed a “hold” rating and set a $22.00 price objective on shares of American Outdoor Brands Corporation in a research report on Friday, June 23rd. ValuEngine cut shares of American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Wedbush upped their price objective on shares of American Outdoor Brands Corporation from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating on shares of American Outdoor Brands Corporation in a research report on Friday, June 2nd. Nine investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $23.34.

Shares of American Outdoor Brands Corporation (NASDAQ AOBC) opened at 19.28 on Monday. American Outdoor Brands Corporation has a 12 month low of $17.50 and a 12 month high of $31.19. The firm has a market cap of $1.04 billion, a PE ratio of 8.57 and a beta of 0.01. The company’s 50 day moving average is $21.79 and its 200-day moving average is $21.14.

American Outdoor Brands Corporation (NASDAQ:AOBC) last posted its quarterly earnings data on Thursday, June 29th. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.19. American Outdoor Brands Corporation had a net margin of 13.87% and a return on equity of 37.76%. The business had revenue of $229.20 million during the quarter, compared to analysts’ expectations of $210.82 million. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts predict that American Outdoor Brands Corporation will post $1.56 EPS for the current year.

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In other American Outdoor Brands Corporation news, Director Robert L. Scott sold 10,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the director now owns 57,448 shares of the company’s stock, valued at $1,378,752. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.94% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of American Outdoor Brands Corporation during the first quarter valued at approximately $297,000. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in American Outdoor Brands Corporation during the first quarter valued at about $306,000. IFP Advisors Inc purchased a new position in American Outdoor Brands Corporation during the first quarter valued at about $368,000. Russell Investments Group Ltd. purchased a new position in American Outdoor Brands Corporation during the first quarter valued at about $1,283,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in American Outdoor Brands Corporation during the first quarter valued at about $111,000. 71.93% of the stock is owned by hedge funds and other institutional investors.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for American Outdoor Brands Corporation (NASDAQ:AOBC)

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