Lake Street Capital Cuts American Outdoor Brands Corporation (AOBC) Price Target to $13.00

American Outdoor Brands Corporation (NASDAQ:AOBC) had its price target trimmed by Lake Street Capital from $17.00 to $13.00 in a report released on Friday, Marketbeat Ratings reports. The brokerage currently has a hold rating on the stock.

Other equities analysts have also recently issued reports about the company. Vetr cut American Outdoor Brands Corporation from a strong-buy rating to a buy rating and set a $24.67 target price for the company. in a report on Thursday, July 6th. Cowen and Company raised their target price on American Outdoor Brands Corporation from $24.00 to $27.00 and gave the company an outperform rating in a report on Friday, June 30th. Jefferies Group LLC restated a hold rating and set a $20.00 target price on shares of American Outdoor Brands Corporation in a report on Friday, June 30th. Forward View restated a hold rating on shares of American Outdoor Brands Corporation in a report on Wednesday, July 5th. Finally, Wedbush raised their target price on American Outdoor Brands Corporation from $21.00 to $23.00 and gave the company a neutral rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $19.37.

Shares of American Outdoor Brands Corporation (AOBC) opened at 13.31 on Friday. American Outdoor Brands Corporation has a 1-year low of $13.28 and a 1-year high of $28.57. The stock has a market capitalization of $717.21 million, a price-to-earnings ratio of 5.92 and a beta of 0.11. The company has a 50-day moving average of $18.63 and a 200-day moving average of $20.78.

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 analysts’ consensus estimates 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 firm had revenue of $129.02 million for the quarter, compared to analysts’ expectations of $147.24 million. During the same quarter last year, the business earned $0.66 earnings per share. The business’s revenue was down 37.7% compared to the same quarter last year. On average, equities research analysts expect that American Outdoor Brands Corporation will post $1.33 EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of AOBC. Nationwide Fund Advisors purchased a new stake in American Outdoor Brands Corporation during the first quarter worth approximately $681,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in American Outdoor Brands Corporation during the first quarter worth approximately $111,000. Russell Investments Group Ltd. purchased a new stake in American Outdoor Brands Corporation during the first quarter worth approximately $1,283,000. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in American Outdoor Brands Corporation during the first quarter worth approximately $306,000. Finally, Wells Fargo & Company MN purchased a new stake in American Outdoor Brands Corporation during the first quarter worth approximately $7,718,000. Hedge funds and other institutional investors own 72.61% of the company’s stock.

American Outdoor Brands Corporation Company Profile

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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