American Outdoor Brands Corp (AOBC) Stock Rating Upgraded by Vetr Inc.

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.

TRADEMARK VIOLATION WARNING: This story was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://sportsperspectives.com/2017/08/19/american-outdoor-brands-corporation-aobc-rating-increased-to-strong-buy-at-vetr-inc-updated.html.

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.

Analyst Recommendations for American Outdoor Brands Corp (NASDAQ:AOBC)

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

Latest News

Leave a Reply