Gluskin Sheff & Assoc Inc. acquired a new stake in shares of American Outdoor Brands Corporation (NASDAQ:AOBC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 64,000 shares of the company’s stock, valued at approximately $1,418,000. Gluskin Sheff & Assoc Inc. owned about 0.12% of American Outdoor Brands Corporation at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AOBC. Vanguard Group Inc. acquired a new position in shares of American Outdoor Brands Corporation during the first quarter valued at about $173,622,000. BlackRock Inc. acquired a new position in shares of American Outdoor Brands Corporation during the first quarter valued at about $93,810,000. Dimensional Fund Advisors LP acquired a new position in shares of American Outdoor Brands Corporation during the first quarter valued at about $39,185,000. Prudential Financial Inc. acquired a new position in shares of American Outdoor Brands Corporation during the first quarter valued at about $17,611,000. Finally, Geode Capital Management LLC acquired a new position in shares of American Outdoor Brands Corporation during the first quarter valued at about $16,784,000. Hedge funds and other institutional investors own 72.53% of the company’s stock.

American Outdoor Brands Corporation (NASDAQ AOBC) traded down 0.13% on Thursday, hitting $14.87. 225,210 shares of the company were exchanged. The stock has a market capitalization of $802.99 million, a P/E ratio of 9.22 and a beta of 0.11. The company has a 50 day moving average price of $17.43 and a 200-day moving average price of $20.51. American Outdoor Brands Corporation has a 52 week low of $13.28 and a 52 week high of $28.57.

American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its quarterly earnings data on Thursday, September 7th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.09). American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. The firm had revenue of $129.02 million for the quarter, compared to analysts’ expectations of $147.24 million. During the same period last year, the company posted $0.66 earnings per share. The business’s revenue for the quarter was down 37.7% compared to the same quarter last year. On average, equities analysts expect that American Outdoor Brands Corporation will post $1.15 earnings per share for the current fiscal year.

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AOBC has been the subject of a number of analyst reports. Zacks Investment Research cut shares of American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Ifs Securities initiated coverage on shares of American Outdoor Brands Corporation in a report on Friday, September 1st. They set an “outperform” rating and a $21.00 price objective for the company. Jefferies Group LLC reiterated a “hold” rating and set a $20.00 price objective on shares of American Outdoor Brands Corporation in a report on Friday, June 30th. Vetr upgraded shares of American Outdoor Brands Corporation from a “sell” rating to a “strong-buy” rating and set a $26.01 price objective for the company in a report on Tuesday, June 27th. Finally, Wunderlich reiterated a “hold” rating and set a $22.00 price objective on shares of American Outdoor Brands Corporation in a report on Friday, June 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. American Outdoor Brands Corporation has a consensus rating of “Hold” and an average price target of $19.37.

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.

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

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