American Outdoor Brands Corporation (AOBC) PT Lowered to $15.00 at Craig Hallum

American Outdoor Brands Corporation (NASDAQ:AOBC) had its price target trimmed by Craig Hallum from $23.00 to $15.00 in a report published on Friday. The firm currently has a hold rating on the stock.

Several other analysts have also recently issued reports on the stock. Cowen and Company reissued a buy rating and set a $19.00 price objective (down from $27.00) on shares of American Outdoor Brands Corporation in a research note on Friday. Zacks Investment Research cut shares of American Outdoor Brands Corporation from a hold rating to a sell rating in a research note on Tuesday, September 5th. ValuEngine cut shares of American Outdoor Brands Corporation from a buy rating to a hold rating in a research note on Friday, September 1st. Ifs Securities began coverage on shares of American Outdoor Brands Corporation in a research note on Friday, September 1st. They set an outperform rating and a $21.00 price objective for the company. Finally, Aegis reissued a buy rating and set a $25.00 price objective on shares of American Outdoor Brands Corporation in a research note on Monday, August 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $19.37.

American Outdoor Brands Corporation (NASDAQ:AOBC) opened at 13.92 on Friday. The firm has a market capitalization of $750.08 million, a PE ratio of 6.19 and a beta of 0.11. The firm’s 50-day moving average price is $18.70 and its 200-day moving average price is $20.74. American Outdoor Brands Corporation has a 1-year low of $13.74 and a 1-year high of $28.57.

American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its quarterly earnings data on Thursday, September 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.09. American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. The company had revenue of $129.02 million for the quarter, compared to analysts’ expectations of $147.24 million. During the same period in the prior year, the firm earned $0.66 earnings per share. The firm’s quarterly revenue was down 37.7% on a year-over-year basis. On average, equities research analysts predict that American Outdoor Brands Corporation will post $1.54 EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of the stock. Cetera Investment Advisers acquired a new position in shares of American Outdoor Brands Corporation during the 2nd quarter valued at $1,070,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of American Outdoor Brands Corporation by 133.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 23,199 shares of the company’s stock valued at $514,000 after acquiring an additional 92,246 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of American Outdoor Brands Corporation during the 2nd quarter valued at $108,000. The Manufacturers Life Insurance Company lifted its holdings in shares of American Outdoor Brands Corporation by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,111 shares of the company’s stock valued at $955,000 after acquiring an additional 1,039 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of American Outdoor Brands Corporation by 6.7% during the 2nd quarter. State Street Corp now owns 1,036,174 shares of the company’s stock valued at $22,962,000 after acquiring an additional 64,749 shares in the last quarter. Institutional investors and hedge funds own 72.61% of the company’s stock.

About American Outdoor Brands Corporation

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.

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

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