American Outdoor Brands Corporation (NASDAQ:AOBC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “American Outdoor Brands Corporation is a manufacturer and seller of firearms and accessory products for the shooting, hunting and outdoor enthusiast. The company’s product comprises pistols, revolvers, rifles, guns, handcuffs and firearm-related products and accessories. It sells its products under the brand name Smith & Wesson, M&P, Thompson/Centre and Performance Centre. American Outdoor Brands Corporation, formerly known as Smith & Wesson Holding Corporation, is based in Springfield, Massachusetts. “

A number of other equities research analysts also recently commented on the company. Vetr upgraded American Outdoor Brands Corporation from a “hold” rating to a “buy” rating and set a $23.59 price objective for the company in a research report on Wednesday, May 10th. Jefferies Group LLC reiterated a “hold” rating and set a $20.00 price objective on shares of American Outdoor Brands Corporation in a research report on Friday, June 30th. Wunderlich reiterated a “hold” rating and set a $22.00 price objective on shares of American Outdoor Brands Corporation in a research report on Friday, June 23rd. Cowen and Company increased their price objective on American Outdoor Brands Corporation from $24.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, June 30th. Finally, Wedbush increased their price objective on American Outdoor Brands Corporation from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. American Outdoor Brands Corporation presently has a consensus rating of “Hold” and a consensus target price of $22.30.

American Outdoor Brands Corporation (NASDAQ AOBC) opened at 16.94 on Tuesday. The stock has a market cap of $912.81 million, a P/E ratio of 7.53 and a beta of 0.11. American Outdoor Brands Corporation has a 52-week low of $16.00 and a 52-week high of $29.25. The firm’s 50-day moving average price is $19.03 and its 200 day moving average price is $20.82.

American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its quarterly earnings data on Thursday, June 29th. The company reported $0.57 EPS for the quarter, beating 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 company had revenue of $229.20 million during the quarter, compared to the consensus estimate of $210.82 million. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts predict that American Outdoor Brands Corporation will post $1.54 earnings per share for the current year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in AOBC. Great West Life Assurance Co. Can purchased a new stake in shares of American Outdoor Brands Corporation in the first quarter valued at $105,000. Envestnet Asset Management Inc. purchased a new stake in shares of American Outdoor Brands Corporation in the first quarter valued at $107,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of American Outdoor Brands Corporation in the first quarter valued at $108,000. Tower Research Capital LLC TRC purchased a new stake in shares of American Outdoor Brands Corporation in the second quarter valued at $108,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of American Outdoor Brands Corporation in the first quarter valued at $110,000. Institutional investors own 72.61% of the company’s stock.

About American Outdoor Brands Corporation

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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