American Outdoor Brands Corporation (NASDAQ:AOBC)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Wedbush in a research note issued to investors on Friday. They currently have a $16.00 price objective on the stock, down from their previous price objective of $20.00. Wedbush’s price objective suggests a potential upside of 14.94% from the company’s current price. Wedbush also issued estimates for American Outdoor Brands Corporation’s Q3 2018 earnings at $0.45 EPS and Q4 2018 earnings at $0.60 EPS.

Several other brokerages have also recently commented on AOBC. Jefferies Group LLC reiterated a “hold” rating on shares of American Outdoor Brands Corporation in a research report on Friday, June 2nd. Wunderlich reiterated a “hold” rating and set a $22.00 price target on shares of American Outdoor Brands Corporation in a research report on Friday, June 23rd. Zacks Investment Research cut shares of American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. ValuEngine cut shares of American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Vetr upgraded shares of American Outdoor Brands Corporation from a “sell” rating to a “strong-buy” rating and set a $26.01 price target for the company in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $19.37.

Shares of American Outdoor Brands Corporation (AOBC) opened at 13.92 on Friday. The firm has a market cap of $750.08 million, a price-to-earnings ratio of 6.19 and a beta of 0.11. The stock has a 50 day moving average of $18.70 and a 200-day moving average of $20.74. American Outdoor Brands Corporation has a 52 week low of $13.74 and a 52 week high of $28.57.

American Outdoor Brands Corporation (NASDAQ:AOBC) last released its quarterly earnings data on Thursday, September 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.09. American Outdoor Brands Corporation had a return on equity of 27.85% and a net margin of 10.96%. The business had revenue of $129.02 million for the quarter, compared to the consensus estimate of $147.24 million. During the same period in the previous year, the business posted $0.66 earnings per share. American Outdoor Brands Corporation’s revenue was down 37.7% on a year-over-year basis. Equities research analysts expect that American Outdoor Brands Corporation will post $1.54 earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in AOBC. Great West Life Assurance Co. Can bought a new stake in shares of American Outdoor Brands Corporation in the first quarter worth $105,000. Envestnet Asset Management Inc. acquired a new position in American Outdoor Brands Corporation during the first quarter worth $107,000. O Shaughnessy Asset Management LLC acquired a new position in American Outdoor Brands Corporation during the first quarter worth $108,000. Tower Research Capital LLC TRC acquired a new position in American Outdoor Brands Corporation during the second quarter worth $108,000. Finally, PNC Financial Services Group Inc. acquired a new position in American Outdoor Brands Corporation during the first quarter worth $110,000. 72.61% of the stock is currently 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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