American Outdoor Brands Corporation (AOBC) Reaches New 12-Month Low After Analyst Downgrade

American Outdoor Brands Corporation (NASDAQ:AOBC) hit a new 52-week low during mid-day trading on Monday after TheStreet downgraded the stock from a b rating to a c rating. The company traded as low as $13.50 and last traded at $13.50, with a volume of 2,379,431 shares changing hands. The stock had previously closed at $13.92.

AOBC has been the topic of several other reports. Vetr upgraded American Outdoor Brands Corporation from a “hold” rating to a “buy” rating and set a $23.59 price target on the stock in a research report on Wednesday, May 10th. Zacks Investment Research cut American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Jefferies Group LLC reiterated a “hold” rating and set a $20.00 price target on shares of American Outdoor Brands Corporation in a research report on Friday, June 30th. Wunderlich reiterated a “hold” rating and set a $22.00 price target on shares of American Outdoor Brands Corporation in a research report on Friday, June 23rd. Finally, Ifs Securities assumed coverage on American Outdoor Brands Corporation in a research report on Friday, September 1st. They set an “outperform” rating and a $21.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.37.

Several hedge funds and other institutional investors have recently modified their holdings of AOBC. Vanguard Group Inc. purchased a new position in shares of American Outdoor Brands Corporation during the first quarter worth about $173,622,000. BlackRock Inc. purchased a new position in shares of American Outdoor Brands Corporation during the first quarter worth about $93,810,000. Dimensional Fund Advisors LP purchased a new position in shares of American Outdoor Brands Corporation during the first quarter worth about $39,185,000. Prudential Financial Inc. purchased a new position in shares of American Outdoor Brands Corporation during the first quarter worth about $17,611,000. Finally, Geode Capital Management LLC purchased a new position in shares of American Outdoor Brands Corporation during the first quarter worth about $16,784,000. 72.61% of the stock is owned by institutional investors.

The firm has a market capitalization of $722.62 million, a P/E ratio of 5.9602 and a beta of 0.11. The company has a 50-day moving average of $18.63 and a 200 day moving average of $20.77.

American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its earnings results on Thursday, September 7th. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.09. The company had revenue of $129.02 million during the quarter, compared to analysts’ expectations of $147.24 million. American Outdoor Brands Corporation had a return on equity of 27.91% and a net margin of 10.96%. American Outdoor Brands Corporation’s revenue for the quarter was down 37.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 EPS. On average, equities research analysts forecast that American Outdoor Brands Corporation will post $1.33 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “American Outdoor Brands Corporation (AOBC) Reaches New 12-Month Low After Analyst Downgrade” was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://sportsperspectives.com/2017/09/11/american-outdoor-brands-corporation-aobc-reaches-new-12-month-low-after-analyst-downgrade.html.

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.

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

Latest News

Leave a Reply