American Outdoor Brands Corp (NASDAQ:AOBC) – Wedbush upped their Q4 2018 EPS estimates for American Outdoor Brands in a research report issued on Tuesday. Wedbush analyst J. Hardiman now anticipates that the company will post earnings of $0.38 per share for the quarter, up from their prior estimate of $0.37. Wedbush has a “Outperform” rating and a $15.00 price target on the stock.
Several other equities research analysts have also recently weighed in on AOBC. Lake Street Capital lowered their target price on American Outdoor Brands from $17.00 to $13.00 and set a “hold” rating for the company in a report on Friday, November 17th. Zacks Investment Research upgraded American Outdoor Brands from a “sell” rating to a “hold” rating in a report on Monday, November 27th. Cowen reiterated a “buy” rating and issued a $19.00 target price on shares of American Outdoor Brands in a report on Friday, December 8th. Craig Hallum lowered their target price on American Outdoor Brands from $17.00 to $15.00 and set a “hold” rating for the company in a report on Friday, December 8th. Finally, Ifs Securities raised American Outdoor Brands from an “outperform” rating to a “strong-buy” rating in a research report on Friday, December 8th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. American Outdoor Brands has a consensus rating of “Hold” and an average price target of $18.30.
American Outdoor Brands (NASDAQ:AOBC) last issued its earnings results on Thursday, December 7th. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.04. American Outdoor Brands had a return on equity of 19.29% and a net margin of 8.27%. The business had revenue of $148.40 million during the quarter, compared to analysts’ expectations of $142.10 million. The firm’s quarterly revenue was down 36.5% compared to the same quarter last year.
Institutional investors have recently bought and sold shares of the business. Sciencast Management LP purchased a new stake in shares of American Outdoor Brands in the fourth quarter worth about $139,000. Victory Capital Management Inc. boosted its stake in shares of American Outdoor Brands by 72.3% in the third quarter. Victory Capital Management Inc. now owns 9,683 shares of the company’s stock worth $148,000 after buying an additional 4,062 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of American Outdoor Brands in the fourth quarter worth about $162,000. Quantum Capital Management purchased a new stake in shares of American Outdoor Brands in the third quarter worth about $173,000. Finally, Two Sigma Advisers LP purchased a new stake in shares of American Outdoor Brands in the fourth quarter worth about $190,000. Institutional investors and hedge funds own 71.62% of the company’s stock.
In related news, Director Robert H. Brust sold 3,802 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $13.97, for a total transaction of $53,113.94. Following the transaction, the director now directly owns 8,526 shares of the company’s stock, valued at approximately $119,108.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.31% of the company’s stock.
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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