Jefferies Group LLC reissued their hold rating on shares of American Outdoor Brands Corporation (NASDAQ:AOBC) in a research note issued to investors on Wednesday. They currently have a $17.00 price target on the stock.

A number of other equities analysts also recently weighed in on AOBC. Wedbush increased their price target on shares of American Outdoor Brands Corporation from $21.00 to $23.00 and gave the stock a neutral rating in a research note on Friday, June 2nd. Wunderlich reaffirmed a hold rating and set a $22.00 price target on shares of American Outdoor Brands Corporation in a research note on Friday, June 23rd. Zacks Investment Research downgraded shares of American Outdoor Brands Corporation from a hold rating to a sell rating in a research note on Friday, June 23rd. ValuEngine downgraded shares of American Outdoor Brands Corporation from a buy rating to a hold rating in a research note on Tuesday, June 27th. Finally, Vetr raised shares of American Outdoor Brands Corporation from a sell rating to a strong-buy rating and set a $26.01 price target on the stock in a research note on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $19.37.

Shares of American Outdoor Brands Corporation (NASDAQ:AOBC) opened at 15.01 on Wednesday. American Outdoor Brands Corporation has a 12 month low of $13.28 and a 12 month high of $28.57. The firm has a 50-day moving average price of $17.43 and a 200-day moving average price of $20.51. The stock has a market cap of $810.56 million, a price-to-earnings ratio of 9.31 and a beta of 0.11.

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 Zacks’ consensus estimate of $0.11 by ($0.09). The company had revenue of $129.02 million for the quarter, compared to analysts’ expectations of $147.24 million. American Outdoor Brands Corporation had a return on equity of 27.91% and a net margin of 10.96%. The business’s revenue for the quarter was down 37.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS. Equities analysts expect that American Outdoor Brands Corporation will post $1.15 EPS for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. Canada Pension Plan Investment Board purchased a new stake in American Outdoor Brands Corporation during the 1st quarter worth $636,000. Ameriprise Financial Inc. purchased a new stake in American Outdoor Brands Corporation during the 1st quarter worth $515,000. Principal Financial Group Inc. purchased a new stake in American Outdoor Brands Corporation during the 1st quarter worth $1,200,000. USA Mutuals Advisors Inc. purchased a new stake in American Outdoor Brands Corporation during the 1st quarter worth $9,905,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in American Outdoor Brands Corporation during the 1st quarter worth $815,000. 72.53% 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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