American Outdoor Brands Corporation (NASDAQ:AOBC) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $16.19 and last traded at $16.18, with a volume of 750,326 shares changing hands. The stock had previously closed at $16.52.

A number of research analysts have recently issued reports on AOBC shares. Ifs Securities assumed coverage on American Outdoor Brands Corporation in a report on Friday. They issued a “buy” rating and a $21.00 price target on the stock. Zacks Investment Research cut American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. Cowen and Company raised their price objective on American Outdoor Brands Corporation from $24.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, June 30th. Jefferies Group LLC reissued a “hold” rating and issued a $20.00 price objective on shares of American Outdoor Brands Corporation in a research report on Friday, July 7th. Finally, Vetr raised American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 price objective for the company in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.30.

The company has a 50 day moving average price of $19.36 and a 200 day moving average price of $20.83. The stock has a market capitalization of $878.86 million, a P/E ratio of 7.25 and a beta of 0.11.

American Outdoor Brands Corporation (NASDAQ:AOBC) last posted its earnings results on Thursday, June 29th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.38 by $0.19. American Outdoor Brands Corporation had a return on equity of 37.76% and a net margin of 13.87%. The firm had revenue of $229.20 million for the quarter, compared to analyst estimates of $210.82 million. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts forecast that American Outdoor Brands Corporation will post $1.54 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. boosted its stake in American Outdoor Brands Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 24,941 shares of the company’s stock valued at $553,000 after acquiring an additional 65 shares in the last quarter. Suntrust Banks Inc. boosted its stake in American Outdoor Brands Corporation by 1.7% in the second quarter. Suntrust Banks Inc. now owns 13,698 shares of the company’s stock valued at $303,000 after acquiring an additional 226 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in American Outdoor Brands Corporation by 1.8% in the first quarter. Public Employees Retirement System of Ohio now owns 25,847 shares of the company’s stock valued at $512,000 after acquiring an additional 460 shares in the last quarter. First Manhattan Co. boosted its stake in American Outdoor Brands Corporation by 0.7% in the second quarter. First Manhattan Co. now owns 73,959 shares of the company’s stock valued at $1,638,000 after acquiring an additional 545 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in American Outdoor Brands Corporation by 1.7% in the second quarter. Rhumbline Advisers now owns 60,612 shares of the company’s stock valued at $1,343,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 72.61% of the company’s stock.

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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.