Jefferies Group LLC restated their hold rating on shares of American Outdoor Brands Corporation (NASDAQ:AOBC) in a research report report published on Friday. The brokerage currently has a $17.00 price objective on the stock, down from their previous price objective of $20.00. Jefferies Group also issued estimates for American Outdoor Brands Corporation’s Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.51 EPS and FY2019 earnings at $1.70 EPS.

AOBC has been the topic of several other research reports. Zacks Investment Research downgraded shares of American Outdoor Brands Corporation from a hold rating to a sell rating in a report on Friday, June 23rd. ValuEngine raised shares of American Outdoor Brands Corporation from a hold rating to a buy rating in a report on Wednesday, August 23rd. Wedbush reaffirmed a neutral rating and set a $16.00 price target (down previously from $20.00) on shares of American Outdoor Brands Corporation in a report on Friday. Vetr raised shares of American Outdoor Brands Corporation from a buy rating to a strong-buy rating and set a $23.03 price target on the stock in a report on Monday, August 7th. Finally, Lake Street Capital lowered their price target on shares of American Outdoor Brands Corporation from $17.00 to $13.00 and set a hold rating on the stock in a report on Friday. One investment 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. The stock currently has an average rating of Hold and a consensus price target of $19.37.

Shares of American Outdoor Brands Corporation (NASDAQ:AOBC) opened at 13.31 on Friday. The company has a market cap of $717.21 million, a price-to-earnings ratio of 5.92 and a beta of 0.11. The company’s 50-day moving average is $18.63 and its 200-day moving average is $20.78. American Outdoor Brands Corporation has a 12-month low of $13.28 and a 12-month high of $28.57.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued 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. American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. The firm had revenue of $129.02 million for the quarter, compared to analysts’ expectations of $147.24 million. During the same period in the prior year, the firm earned $0.66 EPS. American Outdoor Brands Corporation’s revenue for the quarter was down 37.7% compared to the same quarter last year. Equities research analysts predict that American Outdoor Brands Corporation will post $1.33 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can bought a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at approximately $105,000. Envestnet Asset Management Inc. bought a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at approximately $107,000. O Shaughnessy Asset Management LLC bought a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at approximately $108,000. Tower Research Capital LLC TRC bought a new stake in shares of American Outdoor Brands Corporation during the second quarter valued at approximately $108,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at approximately $110,000. Hedge funds and other 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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