Dimensional Fund Advisors LP purchased a new stake in American Outdoor Brands Corporation (NASDAQ:AOBC) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,978,091 shares of the company’s stock, valued at approximately $39,185,000.

Several other large investors have also modified their holdings of AOBC. Great West Life Assurance Co. Can acquired a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at $105,000. Envestnet Asset Management Inc. acquired a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at $107,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at $108,000. PNC Financial Services Group Inc. acquired a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at $110,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at $111,000. Hedge funds and other institutional investors own 71.08% of the company’s stock.

Shares of American Outdoor Brands Corporation (NASDAQ AOBC) traded up 1.13% on Friday, hitting $18.78. The stock had a trading volume of 1,208,921 shares. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 8.35 and a beta of 0.01. The stock has a 50 day moving average of $20.48 and a 200 day moving average of $21.03. American Outdoor Brands Corporation has a 12-month low of $17.50 and a 12-month high of $30.08.

American Outdoor Brands Corporation (NASDAQ:AOBC) last posted its quarterly earnings data on Thursday, June 29th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.19. American Outdoor Brands Corporation had a return on equity of 37.76% and a net margin of 13.87%. The business had revenue of $229.20 million for the quarter, compared to analyst estimates of $210.82 million. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts predict that American Outdoor Brands Corporation will post $1.56 earnings per share for the current fiscal year.

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Several equities research analysts have recently weighed in on AOBC shares. Vetr upgraded American Outdoor Brands Corporation from a “hold” rating to a “buy” rating and set a $22.98 price target on the stock in a report on Monday, May 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 price target on shares of American Outdoor Brands Corporation in a report on Friday, June 30th. Zacks Investment Research upgraded American Outdoor Brands Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. ValuEngine downgraded American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Wunderlich restated a “hold” rating and set a $22.00 price objective on shares of American Outdoor Brands Corporation in a report on Friday, June 23rd. Nine analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $23.34.

In other news, Director Robert L. Scott sold 10,000 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the director now owns 57,448 shares of the company’s stock, valued at $1,378,752. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.31% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for American Outdoor Brands Corporation (NASDAQ:AOBC)

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