Creative Planning reduced its stake in American Outdoor Brands Corporation (NASDAQ:AOBC) by 56.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,278 shares of the company’s stock after selling 8,257 shares during the period. Creative Planning’s holdings in American Outdoor Brands Corporation were worth $139,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at about $173,622,000. BlackRock Inc. purchased a new stake in American Outdoor Brands Corporation during the first quarter worth $93,810,000. Dimensional Fund Advisors LP purchased a new stake in American Outdoor Brands Corporation during the first quarter worth $39,185,000. LSV Asset Management purchased a new stake in American Outdoor Brands Corporation during the first quarter worth $36,571,000. Finally, Prudential Financial Inc. purchased a new stake in American Outdoor Brands Corporation during the first quarter worth $17,611,000. 71.93% of the stock is owned by hedge funds and other institutional investors.

Shares of American Outdoor Brands Corporation (AOBC) traded up 0.16% on Friday, hitting $19.20. The stock had a trading volume of 691,165 shares. The firm’s 50 day moving average is $21.17 and its 200-day moving average is $21.10. The stock has a market capitalization of $1.03 billion, a PE ratio of 8.53 and a beta of 0.01. American Outdoor Brands Corporation has a one year low of $17.50 and a one year high of $30.08.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its quarterly earnings results on Thursday, June 29th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.19. The company had revenue of $229.20 million for the quarter, compared to analyst estimates of $210.82 million. American Outdoor Brands Corporation had a return on equity of 37.76% and a net margin of 13.87%. American Outdoor Brands Corporation’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts expect that American Outdoor Brands Corporation will post $1.56 earnings per share for the current fiscal year.

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A number of research firms have recently weighed in on AOBC. Zacks Investment Research downgraded American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Wunderlich reaffirmed a “hold” rating and set a $22.00 price target on shares of American Outdoor Brands Corporation in a research note on Friday, June 23rd. ValuEngine downgraded American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Wedbush raised their price target on American Outdoor Brands Corporation from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating on shares of American Outdoor Brands Corporation in a research note on Friday, June 2nd. Nine 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 a consensus target price of $23.34.

In other 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 value of $240,000.00. Following the sale, the director now directly owns 57,448 shares in the company, valued at $1,378,752. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.94% of the company’s stock.

American Outdoor Brands Corporation 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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Institutional Ownership by Quarter for American Outdoor Brands Corporation (NASDAQ:AOBC)

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