Zacks Investment Research upgraded shares of American Outdoor Brands (NASDAQ:AOBC) from a sell rating to a hold rating in a research report report published on Monday morning.

According to Zacks, “American Outdoor Brands Corporation is a manufacturer and seller of firearms and accessory products for the shooting, hunting and outdoor enthusiast. The company’s product comprises pistols, revolvers, rifles, guns, handcuffs and firearm-related products and accessories. It sells its products under the brand name Smith & Wesson, M&P, Thompson/Centre and Performance Centre. American Outdoor Brands Corporation, formerly known as Smith & Wesson Holding Corporation, is based in Springfield, Massachusetts. “

Other equities research analysts have also issued research reports about the company. Forward View upgraded American Outdoor Brands from a hold rating to a buy rating in a research note on Tuesday, September 12th. ValuEngine upgraded American Outdoor Brands from a hold rating to a buy rating in a research note on Wednesday, August 23rd. Aegis reiterated a buy rating and issued a $25.00 target price on shares of American Outdoor Brands in a research report on Monday, August 21st. Cowen reiterated a buy rating and issued a $19.00 target price (down previously from $27.00) on shares of American Outdoor Brands in a research report on Friday, September 8th. Finally, TheStreet lowered American Outdoor Brands from a b rating to a c rating in a research report on Thursday, September 7th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $19.68.

Shares of American Outdoor Brands (NASDAQ:AOBC) traded up $0.04 during trading on Monday, reaching $14.03. 1,816,100 shares of the company’s stock were exchanged, compared to its average volume of 1,405,254. The company has a market capitalization of $767.36, a P/E ratio of 7.20, a PEG ratio of 0.82 and a beta of -0.14. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 0.80. American Outdoor Brands has a fifty-two week low of $12.87 and a fifty-two week high of $24.60.

American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings results on Thursday, September 7th. The company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.09). American Outdoor Brands had a return on equity of 27.91% and a net margin of 10.96%. The business had revenue of $129.02 million for the quarter, compared to analysts’ expectations of $147.24 million. During the same quarter in the previous year, the firm posted $0.66 EPS. American Outdoor Brands’s revenue was down 37.7% on a year-over-year basis. equities research analysts predict that American Outdoor Brands will post 1.12 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AOBC. Tower Research Capital LLC TRC purchased a new stake in shares of American Outdoor Brands in the second quarter valued at $108,000. Pacad Investment Ltd. acquired a new stake in shares of American Outdoor Brands during the 2nd quarter worth approximately $122,000. Victory Capital Management Inc. acquired a new stake in shares of American Outdoor Brands during the 2nd quarter worth approximately $125,000. Quantbot Technologies LP acquired a new stake in shares of American Outdoor Brands during the 2nd quarter worth approximately $156,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of American Outdoor Brands by 34.4% during the second quarter. PNC Financial Services Group Inc. now owns 7,425 shares of the company’s stock valued at $164,000 after acquiring an additional 1,900 shares during the last quarter. 71.59% of the stock is owned by institutional investors and hedge funds.

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

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