American Outdoor Brands (AOBC) Lifted to Hold at ValuEngine

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American Outdoor Brands (NASDAQ:AOBC) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday.

AOBC has been the topic of several other research reports. BidaskClub downgraded American Outdoor Brands from a “sell” rating to a “strong sell” rating in a research note on Friday, January 25th. Cowen reissued a “hold” rating and issued a $12.00 price target on shares of American Outdoor Brands in a research note on Friday, December 7th. Zacks Investment Research raised American Outdoor Brands from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, December 12th. Finally, Wedbush downgraded American Outdoor Brands from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $13.50 to $11.00 in a research note on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $13.60.

AOBC stock traded up $0.24 during midday trading on Monday, hitting $9.55. 494,660 shares of the company’s stock were exchanged, compared to its average volume of 726,530. The company has a current ratio of 2.94, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51. The firm has a market cap of $507.93 million, a PE ratio of 20.76 and a beta of -0.07. American Outdoor Brands has a one year low of $9.24 and a one year high of $15.95.

American Outdoor Brands (NASDAQ:AOBC) last posted its earnings results on Thursday, March 7th. The company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. American Outdoor Brands had a return on equity of 10.47% and a net margin of 2.56%. The firm had revenue of $162.01 million for the quarter, compared to analyst estimates of $162.55 million. On average, analysts forecast that American Outdoor Brands will post 0.73 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC increased its position in shares of American Outdoor Brands by 299.2% in the fourth quarter. Acadian Asset Management LLC now owns 202,431 shares of the company’s stock valued at $2,603,000 after acquiring an additional 151,725 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of American Outdoor Brands by 135.3% in the third quarter. Canada Pension Plan Investment Board now owns 278,805 shares of the company’s stock valued at $4,330,000 after acquiring an additional 160,305 shares during the last quarter. Deutsche Bank AG increased its position in shares of American Outdoor Brands by 644.8% in the third quarter. Deutsche Bank AG now owns 703,653 shares of the company’s stock valued at $10,926,000 after acquiring an additional 609,178 shares during the last quarter. Vanguard Group Inc increased its position in shares of American Outdoor Brands by 1.6% in the third quarter. Vanguard Group Inc now owns 4,592,899 shares of the company’s stock valued at $71,328,000 after acquiring an additional 74,408 shares during the last quarter. Finally, Jefferies Group LLC acquired a new stake in shares of American Outdoor Brands in the third quarter valued at about $278,000. 73.02% of the stock is currently owned by institutional investors and hedge funds.

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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