Vetr upgraded shares of American Outdoor Brands Corp (NASDAQ:AOBC) from a buy rating to a strong-buy rating in a report released on Monday, August 7th. Vetr currently has $23.03 target price on the stock.
Other research analysts have also issued research reports about the company. Cowen and Company increased their target price on American Outdoor Brands Corp from $24.00 to $27.00 and gave the stock an outperform rating in a research report on Friday, June 30th. Jefferies Group LLC restated a hold rating and issued a $20.00 price target on shares of American Outdoor Brands Corp in a research note on Friday, July 7th. Forward View restated a hold rating on shares of American Outdoor Brands Corp in a research note on Wednesday, July 5th. Wedbush upped their price target on American Outdoor Brands Corp from $21.00 to $23.00 and gave the stock a neutral rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded American Outdoor Brands Corp from a sell rating to a hold rating in a research note on Wednesday, May 3rd. Nine equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $23.34.
Shares of American Outdoor Brands Corp (AOBC) opened at 18.78 on Monday. American Outdoor Brands Corp has a 52 week low of $17.50 and a 52 week high of $30.16. The firm has a market cap of $1.01 billion, a PE ratio of 8.35 and a beta of 0.01. The firm has a 50-day moving average price of $20.48 and a 200-day moving average price of $21.03.
American Outdoor Brands Corp (NASDAQ:AOBC) last announced its earnings results on Thursday, June 29th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.19. American Outdoor Brands Corp had a return on equity of 27.58% and a net margin of 12.08%. The firm had revenue of $229.20 million during the quarter, compared to analyst estimates of $210.82 million. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts predict that American Outdoor Brands Corp will post $1.56 earnings per share for the current year.
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In other American Outdoor Brands Corp news, Director Robert L. Scott sold 10,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the director now directly owns 57,448 shares in the company, valued at approximately $1,378,752. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.31% of the company’s stock.
A number of hedge funds have recently modified their holdings of AOBC. Bank of Montreal Can acquired a new stake in shares of American Outdoor Brands Corp during the first quarter valued at approximately $6,820,000. Canada Pension Plan Investment Board acquired a new stake in shares of American Outdoor Brands Corp during the first quarter valued at approximately $636,000. Skylands Capital LLC acquired a new stake in shares of American Outdoor Brands Corp during the first quarter valued at approximately $2,433,000. Ameriprise Financial Inc. acquired a new stake in shares of American Outdoor Brands Corp during the first quarter valued at approximately $515,000. Finally, USA Mutuals Advisors Inc. acquired a new stake in shares of American Outdoor Brands Corp during the first quarter valued at approximately $9,905,000. Institutional investors and hedge funds own 71.08% of the company’s stock.
About American Outdoor Brands Corp
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.
To view Vetr’s full report, visit Vetr’s official website.
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