American Outdoor Brands Corporation (NASDAQ:AOBC) gapped up prior to trading on Monday . The stock had previously closed at $14.51, but opened at $15.25. American Outdoor Brands Corporation shares last traded at $15.74, with a volume of 4,066,110 shares changing hands.

Several equities analysts recently commented on the stock. Craig Hallum reaffirmed a “hold” rating and set a $17.00 price target on shares of American Outdoor Brands Corporation in a research report on Wednesday, September 20th. Vetr upgraded shares of American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 price target on the stock in a report on Monday, August 7th. Aegis reiterated a “buy” rating and issued a $23.00 price target on shares of American Outdoor Brands Corporation in a report on Wednesday, September 20th. Jefferies Group LLC reissued a “hold” rating and set a $17.00 price objective on shares of American Outdoor Brands Corporation in a research note on Wednesday, September 20th. Finally, TheStreet cut shares of American Outdoor Brands Corporation from a “b” rating to a “c” rating in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. American Outdoor Brands Corporation currently has a consensus rating of “Hold” and an average target price of $19.68.

The firm has a market capitalization of $870.51 million, a PE ratio of 10.14 and a beta of -0.02. The firm has a 50 day moving average price of $16.20 and a 200 day moving average price of $20.22.

American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $147.24 million. During the same period in the previous year, the firm posted $0.66 EPS. The company’s quarterly revenue was down 37.7% compared to the same quarter last year. Equities analysts anticipate that American Outdoor Brands Corporation will post $1.14 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. acquired a new position in shares of American Outdoor Brands Corporation during the 1st quarter worth $515,000. Principal Financial Group Inc. bought a new position in shares of American Outdoor Brands Corporation during the 1st quarter valued at $1,200,000. USA Mutuals Advisors Inc. bought a new position in shares of American Outdoor Brands Corporation during the 1st quarter valued at $9,905,000. State Board of Administration of Florida Retirement System bought a new position in shares of American Outdoor Brands Corporation during the 1st quarter valued at $815,000. Finally, Bank of New York Mellon Corp bought a new position in shares of American Outdoor Brands Corporation during the 1st quarter valued at $6,009,000. 72.53% of the stock is owned by institutional investors.

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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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