American Outdoor Brands Corporation (NASDAQ:AOBC)‘s stock had its “buy” rating reiterated by stock analysts at Cowen and Company in a research report issued to clients and investors on Friday. They presently have a $19.00 price target on the stock, down from their prior price target of $27.00. Cowen and Company’s price target would indicate a potential upside of 36.49% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Vetr cut shares of American Outdoor Brands Corporation from a “strong-buy” rating to a “buy” rating and set a $24.67 price objective for the company. in a report on Thursday, July 6th. Aegis restated a “buy” rating and set a $25.00 price objective on shares of American Outdoor Brands Corporation in a report on Monday, August 21st. ValuEngine upgraded shares of American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Jefferies Group LLC restated a “hold” rating and set a $20.00 price objective on shares of American Outdoor Brands Corporation in a report on Friday, July 7th. Finally, Forward View restated a “hold” rating on shares of American Outdoor Brands Corporation in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $19.37.

Shares of American Outdoor Brands Corporation (NASDAQ:AOBC) opened at 13.92 on Friday. The stock has a market cap of $750.08 million, a P/E ratio of 6.19 and a beta of 0.11. American Outdoor Brands Corporation has a 12 month low of $13.74 and a 12 month high of $28.57. The company has a 50 day moving average of $18.70 and a 200 day moving average of $20.74.

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

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A number of institutional investors and hedge funds have recently made changes to their positions in AOBC. Vanguard Group Inc. bought a new stake in shares of American Outdoor Brands Corporation in the first quarter worth $173,622,000. BlackRock Inc. bought a new stake in shares of American Outdoor Brands Corporation in the first quarter worth $93,810,000. Dimensional Fund Advisors LP bought a new stake in shares of American Outdoor Brands Corporation in the first quarter worth $39,185,000. Prudential Financial Inc. bought a new stake in shares of American Outdoor Brands Corporation in the first quarter worth $17,611,000. Finally, Geode Capital Management LLC bought a new stake in shares of American Outdoor Brands Corporation in the first quarter worth $16,784,000. 72.61% of the stock is currently owned by hedge funds and other institutional investors.

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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