Vetr upgraded shares of American Outdoor Brands Corporation (NASDAQ:AOBC) from a buy rating to a strong-buy rating in a report issued on Monday, July 24th. They currently have $23.03 price objective on the stock.

AOBC has been the subject of a number of other reports. Zacks Investment Research cut American Outdoor Brands Corporation from a hold rating to a sell rating in a report on Friday, June 23rd. ValuEngine lowered American Outdoor Brands Corporation from a buy rating to a hold rating in a research note on Tuesday, June 27th. Jefferies Group LLC reiterated a hold rating on shares of American Outdoor Brands Corporation in a research note on Friday, June 2nd. Wunderlich reiterated an outperform rating and issued a $17.00 target price on shares of American Outdoor Brands Corporation in a research note on Friday, April 14th. Finally, Wedbush upped their target price on American Outdoor Brands Corporation from $21.00 to $23.00 and gave the company a neutral rating in a research note on Friday, June 2nd. Nine equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $23.34.

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

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its quarterly earnings data on Thursday, June 29th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.19. The firm had revenue of $229.20 million during the quarter, compared to analysts’ expectations of $210.82 million. American Outdoor Brands Corporation had a return on equity of 37.76% and a net margin of 13.87%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities analysts forecast that American Outdoor Brands Corporation will post $1.56 earnings per share for the current fiscal year.

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In related news, Director Robert L. Scott sold 10,000 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the director now owns 57,448 shares of the company’s stock, valued at $1,378,752. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.31% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers purchased a new stake in shares of American Outdoor Brands Corporation during the second quarter valued at about $1,070,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of American Outdoor Brands Corporation by 133.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 23,199 shares of the company’s stock valued at $514,000 after buying an additional 92,246 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of American Outdoor Brands Corporation during the second quarter valued at about $108,000. The Manufacturers Life Insurance Company boosted its stake in shares of American Outdoor Brands Corporation by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 43,111 shares of the company’s stock valued at $955,000 after buying an additional 1,039 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of American Outdoor Brands Corporation by 6.7% in the second quarter. State Street Corp now owns 1,036,174 shares of the company’s stock valued at $22,962,000 after buying an additional 64,749 shares during the last quarter. Hedge funds and other institutional investors own 71.08% 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.

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Analyst Recommendations for American Outdoor Brands Corporation (NASDAQ:AOBC)

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