John B. Furman Sells 10,000 Shares of American Outdoor Brands Corp (NASDAQ:AOBC) Stock

Share on StockTwits

American Outdoor Brands Corp (NASDAQ:AOBC) Director John B. Furman sold 10,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $6.95, for a total transaction of $69,500.00.

Shares of NASDAQ AOBC traded down $0.22 during trading hours on Tuesday, hitting $6.31. 19,587 shares of the stock were exchanged, compared to its average volume of 1,549,858. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.87. The company has a market cap of $367.85 million, a PE ratio of 7.63 and a beta of 0.30. The company’s fifty day simple moving average is $7.55 and its two-hundred day simple moving average is $8.98. American Outdoor Brands Corp has a 1-year low of $5.67 and a 1-year high of $15.95.

American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05). The firm had revenue of $123.67 million for the quarter, compared to analyst estimates of $126.58 million. American Outdoor Brands had a return on equity of 8.19% and a net margin of 1.39%. The business’s revenue was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 EPS. As a group, sell-side analysts expect that American Outdoor Brands Corp will post 0.74 EPS for the current fiscal year.

AOBC has been the topic of several analyst reports. ValuEngine lowered shares of American Outdoor Brands from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Craig Hallum reduced their price target on shares of American Outdoor Brands from $13.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Wedbush reduced their price target on shares of American Outdoor Brands from $10.00 to $6.50 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Cowen set a $10.00 price target on shares of American Outdoor Brands and gave the stock a “hold” rating in a research report on Thursday, August 29th. Finally, Zacks Investment Research lowered shares of American Outdoor Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $10.30.

A number of large investors have recently modified their holdings of AOBC. Commerzbank Aktiengesellschaft FI bought a new position in American Outdoor Brands in the 2nd quarter valued at approximately $114,000. AMP Capital Investors Ltd bought a new position in American Outdoor Brands in the 2nd quarter valued at approximately $120,000. Jane Street Group LLC lifted its stake in American Outdoor Brands by 80.3% in the 2nd quarter. Jane Street Group LLC now owns 14,495 shares of the company’s stock valued at $131,000 after purchasing an additional 6,455 shares during the last quarter. Teza Capital Management LLC bought a new position in American Outdoor Brands in the 2nd quarter valued at approximately $135,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in American Outdoor Brands in the 2nd quarter valued at approximately $166,000. 70.12% of the stock is 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.

See Also: Market Capitalization and Individual Investors

Receive News & Ratings for American Outdoor Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Outdoor Brands and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Sun Communities  Issues Q4 Earnings Guidance
Sun Communities Issues Q4 Earnings Guidance
Ford Motor  Announces  Earnings Results, Beats Estimates By $0.08 EPS
Ford Motor Announces Earnings Results, Beats Estimates By $0.08 EPS
WP Carey Inc  Receives $77.00 Average PT from Analysts
WP Carey Inc Receives $77.00 Average PT from Analysts
Clarus Corp  Given Consensus Recommendation of “Buy” by Analysts
Clarus Corp Given Consensus Recommendation of “Buy” by Analysts
Roku Inc  Given Consensus Rating of “Buy” by Analysts
Roku Inc Given Consensus Rating of “Buy” by Analysts
GoWithMi  Reaches 1-Day Volume of $186,399.00
GoWithMi Reaches 1-Day Volume of $186,399.00


© 2006-2019 Ticker Report