Research analysts at Ifs Securities assumed coverage on shares of American Outdoor Brands Corporation (NASDAQ:AOBC) in a research note issued to investors on Friday. The brokerage set an “outperform” rating and a $21.00 price target on the stock. Ifs Securities’ target price would indicate a potential upside of 23.97% from the stock’s previous close.

A number of other equities analysts have also issued reports on the stock. ValuEngine upgraded shares of American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Aegis reiterated a “buy” rating and set a $25.00 target price on shares of American Outdoor Brands Corporation in a research report on Monday, August 21st. Vetr upgraded shares of American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 target price on the stock in a research report on Monday, August 7th. Jefferies Group LLC reiterated a “hold” rating and set a $20.00 target price on shares of American Outdoor Brands Corporation in a research report on Friday, July 7th. Finally, Forward View reiterated a “hold” rating on shares of American Outdoor Brands Corporation in a research report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $22.30.

American Outdoor Brands Corporation (NASDAQ AOBC) opened at 16.94 on Friday. The firm has a market cap of $912.81 million, a price-to-earnings ratio of 7.53 and a beta of 0.11. American Outdoor Brands Corporation has a 1-year low of $16.00 and a 1-year high of $29.25. The company’s 50 day moving average is $19.03 and its 200-day moving average is $20.82.

American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its earnings results on Thursday, June 29th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.19. American Outdoor Brands Corporation had a net margin of 13.87% and a return on equity of 37.76%. The company had revenue of $229.20 million for the quarter, compared to analyst estimates of $210.82 million. American Outdoor Brands Corporation’s revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that American Outdoor Brands Corporation will post $1.54 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Great West Life Assurance Co. Can bought a new stake in shares of American Outdoor Brands Corporation during the first quarter worth approximately $105,000. Envestnet Asset Management Inc. bought a new stake in shares of American Outdoor Brands Corporation during the first quarter worth approximately $107,000. O Shaughnessy Asset Management LLC bought a new stake in shares of American Outdoor Brands Corporation during the first quarter worth approximately $108,000. Tower Research Capital LLC TRC bought a new stake in shares of American Outdoor Brands Corporation during the second quarter worth approximately $108,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of American Outdoor Brands Corporation during the first quarter worth approximately $110,000. 72.61% of the stock is owned by institutional investors and hedge funds.

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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