American Outdoor Brands Corporation (NASDAQ:AOBC) had its price target dropped by research analysts at Craig Hallum from $23.00 to $15.00 in a report released on Friday. The brokerage presently has a “hold” rating on the stock. Craig Hallum’s price objective indicates a potential downside of 11.45% from the stock’s previous close.

Several other brokerages also recently commented on AOBC. Ifs Securities started coverage on American Outdoor Brands Corporation in a research note on Friday, September 1st. They issued an “outperform” rating and a $21.00 target price for the company. Zacks Investment Research downgraded American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Cowen and Company raised their target price on American Outdoor Brands Corporation from $24.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, June 30th. Jefferies Group LLC restated a “hold” rating and issued a $20.00 target price on shares of American Outdoor Brands Corporation in a research note on Friday, July 7th. Finally, Vetr upgraded American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 target price for the company in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. American Outdoor Brands Corporation currently has an average rating of “Hold” and a consensus price target of $20.91.

Shares of American Outdoor Brands Corporation (NASDAQ AOBC) opened at 16.94 on Friday. The stock’s 50 day moving average price is $18.91 and its 200-day moving average price is $20.79. The firm 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 12-month low of $16.00 and a 12-month high of $29.25.

American Outdoor Brands Corporation (NASDAQ:AOBC) last posted its quarterly earnings results on Thursday, September 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.09. The firm had revenue of $129.02 million for the quarter, compared to the consensus estimate of $147.24 million. American Outdoor Brands Corporation had a return on equity of 37.76% and a net margin of 13.87%. The firm’s revenue was down 37.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. On average, analysts predict that American Outdoor Brands Corporation will post $1.54 earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. raised its holdings in shares of American Outdoor Brands Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 24,941 shares of the company’s stock valued at $553,000 after acquiring an additional 65 shares in the last quarter. Suntrust Banks Inc. raised its holdings in shares of American Outdoor Brands Corporation by 1.7% in the 2nd quarter. Suntrust Banks Inc. now owns 13,698 shares of the company’s stock valued at $303,000 after acquiring an additional 226 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of American Outdoor Brands Corporation by 1.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 25,847 shares of the company’s stock valued at $512,000 after acquiring an additional 460 shares in the last quarter. First Manhattan Co. raised its holdings in shares of American Outdoor Brands Corporation by 0.7% in the 2nd quarter. First Manhattan Co. now owns 73,959 shares of the company’s stock valued at $1,638,000 after acquiring an additional 545 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of American Outdoor Brands Corporation by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 60,612 shares of the company’s stock valued at $1,343,000 after acquiring an additional 1,000 shares in the last quarter. 72.61% of the stock is currently owned by hedge funds and other institutional investors.

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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