Zacks Investment Research lowered shares of American Outdoor Brands (NASDAQ:AOBC) from a buy rating to a hold rating in a research report released on Monday, Zacks.com reports.

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. “

AOBC has been the topic of several other research reports. Craig Hallum reiterated a buy rating and issued a $12.00 target price (up previously from $10.00) on shares of American Outdoor Brands in a report on Thursday, November 14th. BidaskClub raised shares of American Outdoor Brands from a hold rating to a buy rating in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $10.50.

Shares of AOBC stock opened at $10.26 on Monday. The stock’s 50 day simple moving average is $9.49 and its 200 day simple moving average is $8.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.89 and a current ratio of 2.07. American Outdoor Brands has a twelve month low of $5.41 and a twelve month high of $13.06. The company has a market capitalization of $564.93 million, a price-to-earnings ratio of 171.00 and a beta of 0.53.

American Outdoor Brands (NASDAQ:AOBC) last announced its earnings results on Thursday, December 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. American Outdoor Brands had a return on equity of 6.82% and a net margin of 0.53%. The firm had revenue of $154.40 million during the quarter, compared to analysts’ expectations of $149.50 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. The company’s revenue was down 4.5% on a year-over-year basis. On average, analysts forecast that American Outdoor Brands will post 0.81 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its position in American Outdoor Brands by 458,284.2% in the 4th quarter. FMR LLC now owns 3,447,049 shares of the company’s stock worth $31,988,000 after buying an additional 3,446,297 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of American Outdoor Brands in the fourth quarter valued at approximately $3,245,000. Nuveen Asset Management LLC bought a new stake in shares of American Outdoor Brands in the second quarter valued at approximately $2,398,000. Foundry Partners LLC acquired a new stake in shares of American Outdoor Brands in the fourth quarter worth $1,704,000. Finally, Employees Retirement System of Texas grew its stake in shares of American Outdoor Brands by 83.0% in the fourth quarter. Employees Retirement System of Texas now owns 324,200 shares of the company’s stock worth $3,009,000 after acquiring an additional 147,000 shares during the last quarter. 70.34% of the stock is currently owned by hedge funds and other institutional investors.

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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