Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of American Outdoor Brands from a hold rating to a buy rating and set a $10.00 target price for the company in a report on Monday, May 27th. ValuEngine cut shares of American Outdoor Brands from a buy rating to a hold rating in a report on Tuesday, March 5th. Finally, Wedbush set a $10.00 target price on shares of American Outdoor Brands and gave the company a hold rating in a report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $12.40.
Shares of NASDAQ:AOBC opened at $8.93 on Tuesday. American Outdoor Brands has a one year low of $8.19 and a one year high of $15.95. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.94 and a quick ratio of 1.22. The stock has a market capitalization of $463.20 million, a PE ratio of 19.41 and a beta of 0.08.
In related news, Director Robert L. Scott sold 10,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $9.25, for a total transaction of $92,500.00. Following the completion of the transaction, the director now directly owns 78,363 shares of the company’s stock, valued at $724,857.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael F. Golden sold 20,000 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $10.01, for a total transaction of $200,200.00. Following the transaction, the director now directly owns 256,432 shares of the company’s stock, valued at $2,566,884.32. The disclosure for this sale can be found here. Insiders have sold 48,000 shares of company stock valued at $472,880 over the last three months. 2.47% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Advisor Networks LLC raised its holdings in American Outdoor Brands by 3.2% during the first quarter. Cetera Advisor Networks LLC now owns 34,686 shares of the company’s stock worth $326,000 after purchasing an additional 1,086 shares in the last quarter. Captrust Financial Advisors purchased a new position in American Outdoor Brands during the fourth quarter worth about $29,000. The Manufacturers Life Insurance Company raised its holdings in American Outdoor Brands by 7.4% during the first quarter. The Manufacturers Life Insurance Company now owns 35,136 shares of the company’s stock worth $328,000 after purchasing an additional 2,412 shares in the last quarter. Swiss National Bank raised its holdings in American Outdoor Brands by 3.0% during the first quarter. Swiss National Bank now owns 99,050 shares of the company’s stock worth $925,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Pearl River Capital LLC raised its holdings in American Outdoor Brands by 196.9% during the first quarter. Pearl River Capital LLC now owns 4,750 shares of the company’s stock worth $44,000 after purchasing an additional 3,150 shares in the last quarter. 66.97% of the stock is owned by hedge funds and other institutional investors.
American Outdoor Brands Company Profile
American Outdoor Brands Corporation designs, manufactures, and sells firearms worldwide. The company's Firearms segment offers handguns, long guns, handcuffs, suppressors, and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Gemtech, and Thompson/Center Arms brands.
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