Point72 Asset Management L.P. raised its holdings in American Outdoor Brands Corp (NASDAQ:AOBC) by 544.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 805,600 shares of the company’s stock after acquiring an additional 680,600 shares during the period. Point72 Asset Management L.P.’s holdings in American Outdoor Brands were worth $9,691,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Dynamic Technology Lab Private Ltd raised its holdings in American Outdoor Brands by 72.9% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 26,451 shares of the company’s stock valued at $318,000 after acquiring an additional 11,154 shares during the last quarter. Raymond James & Associates raised its holdings in American Outdoor Brands by 208.1% in the 2nd quarter. Raymond James & Associates now owns 45,724 shares of the company’s stock valued at $550,000 after acquiring an additional 30,881 shares during the last quarter. NumerixS Investment Technologies Inc raised its holdings in American Outdoor Brands by 727.9% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 28,150 shares of the company’s stock valued at $348,000 after acquiring an additional 24,750 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in American Outdoor Brands by 44.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,444,518 shares of the company’s stock valued at $29,409,000 after acquiring an additional 751,236 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in American Outdoor Brands by 16.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 592,568 shares of the company’s stock valued at $7,129,000 after acquiring an additional 85,813 shares during the last quarter. Institutional investors own 62.80% of the company’s stock.

Several research analysts have weighed in on AOBC shares. ValuEngine downgraded American Outdoor Brands from a “hold” rating to a “sell” rating in a report on Saturday, July 28th. Zacks Investment Research upgraded American Outdoor Brands from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Tuesday, August 21st. BidaskClub downgraded American Outdoor Brands from a “sell” rating to a “strong sell” rating in a report on Friday, July 27th. Finally, Wedbush set a $15.00 price objective on American Outdoor Brands and gave the stock a “buy” rating in a report on Saturday, September 1st. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. American Outdoor Brands currently has an average rating of “Buy” and an average price target of $16.14.

AOBC stock opened at $15.34 on Friday. The firm has a market cap of $836.50 million, a PE ratio of 33.35 and a beta of -0.09. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.60 and a quick ratio of 0.82. American Outdoor Brands Corp has a 52 week low of $8.32 and a 52 week high of $16.90.

American Outdoor Brands (NASDAQ:AOBC) last released its quarterly earnings data on Thursday, August 30th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.09. The business had revenue of $138.83 million during the quarter, compared to the consensus estimate of $138.00 million. American Outdoor Brands had a return on equity of 8.67% and a net margin of 4.85%. analysts forecast that American Outdoor Brands Corp will post 0.67 earnings per share for the current fiscal year.

In other news, Director Robert H. Brust acquired 4,240 shares of the company’s stock in a transaction dated Thursday, September 6th. The stock was acquired at an average cost of $14.83 per share, for a total transaction of $62,879.20. Following the acquisition, the director now directly owns 12,366 shares in the company, valued at approximately $183,387.78. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John B. Furman sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $14.50, for a total value of $145,000.00. Following the sale, the director now owns 32,834 shares of the company’s stock, valued at $476,093. The disclosure for this sale can be found here. Corporate insiders own 2.47% of the company’s stock.

About American Outdoor Brands

American Outdoor Brands Corporation designs, manufactures, and sells firearms worldwide. The company's Firearms segment offers handguns, long guns, handcuffs, suppressors, and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Gemtech, and Thompson/Center Arms brands.

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

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