Jefferies Group LLC Invests $379,000 in American Outdoor Brands Corp (AOBC) Stock

Jefferies Group LLC bought a new stake in American Outdoor Brands Corp (NASDAQ:AOBC) during the 4th quarter, Holdings Channel reports. The firm bought 29,490 shares of the company’s stock, valued at approximately $379,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. purchased a new position in American Outdoor Brands during the fourth quarter worth about $1,114,000. Geode Capital Management LLC boosted its holdings in American Outdoor Brands by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 515,378 shares of the company’s stock worth $6,617,000 after purchasing an additional 22,050 shares during the last quarter. Hudson Bay Capital Management LP purchased a new position in American Outdoor Brands during the fourth quarter worth about $902,000. Virtu Financial LLC purchased a new position in American Outdoor Brands during the fourth quarter worth about $556,000. Finally, Royce & Associates LP boosted its holdings in American Outdoor Brands by 26.1% during the fourth quarter. Royce & Associates LP now owns 429,588 shares of the company’s stock worth $5,516,000 after purchasing an additional 88,923 shares during the last quarter. Institutional investors and hedge funds own 74.85% of the company’s stock.

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AOBC stock opened at $9.84 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.13 and a quick ratio of 1.38. The firm has a market cap of $544.01, a PE ratio of 13.48, a price-to-earnings-growth ratio of 2.16 and a beta of 0.04. American Outdoor Brands Corp has a 52 week low of $8.32 and a 52 week high of $24.49.

American Outdoor Brands (NASDAQ:AOBC) last released its earnings results on Thursday, March 1st. The company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. The firm had revenue of $157.38 million for the quarter, compared to analysts’ expectations of $173.83 million. American Outdoor Brands had a net margin of 6.05% and a return on equity of 11.05%. equities research analysts anticipate that American Outdoor Brands Corp will post 0.31 EPS for the current year.

Several research analysts recently weighed in on the stock. Ifs Securities upgraded shares of American Outdoor Brands from an “outperform” rating to a “strong-buy” rating in a report on Friday, December 8th. They noted that the move was a valuation call. ValuEngine cut shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Wedbush set a $20.00 price target on shares of American Outdoor Brands and gave the stock a “buy” rating in a report on Friday, December 8th. Forward View cut shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Sunday, December 10th. Finally, BidaskClub upgraded shares of American Outdoor Brands from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $18.00.

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

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