American Outdoor Brands Corp (NASDAQ:AOBC) has earned a consensus recommendation of “Buy” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $14.60.

Several analysts recently issued reports on the company. BidaskClub upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a research report on Tuesday. ValuEngine upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Zacks Investment Research upgraded American Outdoor Brands from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Thursday, September 6th. Wedbush set a $15.00 price target on American Outdoor Brands and gave the company a “buy” rating in a report on Saturday, September 1st. Finally, Lake Street Capital restated a “buy” rating and set a $17.00 price target on shares of American Outdoor Brands in a report on Friday, August 31st.

NASDAQ:AOBC opened at $14.87 on Friday. 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 has a 12-month low of $8.32 and a 12-month high of $15.95. The stock has a market cap of $844.66 million, a P/E ratio of 31.65 and a beta of -0.11.

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

In other American Outdoor Brands news, Director John B. Furman sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $14.50, for a total transaction of $145,000.00. Following the completion of the transaction, the director now owns 32,834 shares in the company, valued at approximately $476,093. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert H. Brust purchased 4,240 shares of the business’s stock in a transaction on Thursday, September 6th. The shares were purchased at an average price of $14.83 per share, with a total value of $62,879.20. Following the acquisition, the director now directly owns 12,366 shares in the company, valued at $183,387.78. The disclosure for this purchase can be found here. Company insiders own 2.47% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Verition Fund Management LLC purchased a new position in shares of American Outdoor Brands in the 2nd quarter worth approximately $133,000. Fisher Asset Management LLC purchased a new position in shares of American Outdoor Brands in the 2nd quarter worth approximately $153,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of American Outdoor Brands in the 1st quarter worth approximately $158,000. GSA Capital Partners LLP purchased a new position in shares of American Outdoor Brands in the 1st quarter worth approximately $186,000. Finally, Monarch Partners Asset Management LLC purchased a new position in shares of American Outdoor Brands in the 2nd quarter worth approximately $281,000. Institutional investors and hedge funds own 62.81% of the company’s stock.

American Outdoor Brands Company Profile

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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Analyst Recommendations for American Outdoor Brands (NASDAQ:AOBC)

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