Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised American Outdoor Brands from a “sell” rating to a “hold” rating in a research note on Tuesday. Wedbush reaffirmed a “neutral” rating and issued a price objective (up from ) on shares of American Outdoor Brands in a research note on Tuesday, February 18th. Finally, Lake Street Capital dropped their price objective on American Outdoor Brands from $14.00 to $11.50 and set a “buy” rating for the company in a research note on Friday, March 6th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. American Outdoor Brands has a consensus rating of “Hold” and an average price target of $11.50.
Shares of NASDAQ AOBC opened at $7.13 on Friday. American Outdoor Brands has a twelve month low of $5.41 and a twelve month high of $10.94. The company has a current ratio of 3.82, a quick ratio of 1.70 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $9.17 and a 200-day simple moving average of $8.33. The stock has a market capitalization of $444.40 million, a PE ratio of 27.42 and a beta of 0.36.
American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.10). American Outdoor Brands had a net margin of 2.38% and a return on equity of 6.30%. The firm had revenue of $166.70 million during the quarter, compared to analyst estimates of $187.27 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts predict that American Outdoor Brands will post 0.61 earnings per share for the current year.
In related news, CAO Deana L. Mcpherson bought 5,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average cost of $6.28 per share, with a total value of $31,400.00. Following the purchase, the chief accounting officer now directly owns 33,723 shares of the company’s stock, valued at approximately $211,780.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Peter Smith bought 5,192 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average cost of $5.78 per share, with a total value of $30,009.76. Following the completion of the purchase, the insider now directly owns 77,947 shares in the company, valued at $450,533.66. The disclosure for this purchase can be found here. Insiders bought 11,692 shares of company stock valued at $70,140 over the last ninety days. Insiders own 2.68% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AOBC. Russell Investments Group Ltd. grew its stake in American Outdoor Brands by 44.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 36,639 shares of the company’s stock worth $215,000 after purchasing an additional 11,230 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in American Outdoor Brands by 609.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,013 shares of the company’s stock worth $29,000 after purchasing an additional 4,306 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in American Outdoor Brands during the 3rd quarter worth $240,000. Voloridge Investment Management LLC purchased a new stake in American Outdoor Brands during the 3rd quarter worth about $395,000. Finally, Millennium Management LLC lifted its holdings in American Outdoor Brands by 62.8% during the 3rd quarter. Millennium Management LLC now owns 33,549 shares of the company’s stock worth $196,000 after buying an additional 12,947 shares during the last quarter. 69.79% 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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