Prudential Financial Inc. lessened its holdings in American Outdoor Brands Corporation (NASDAQ:AOBC) by 87.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,439 shares of the company’s stock after selling 779,560 shares during the period. Prudential Financial Inc. owned approximately 0.20% of American Outdoor Brands Corporation worth $2,425,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. purchased a new position in shares of American Outdoor Brands Corporation in the 1st quarter worth approximately $173,622,000. BlackRock Inc. purchased a new position in shares of American Outdoor Brands Corporation in the 1st quarter worth approximately $93,810,000. Dimensional Fund Advisors LP purchased a new position in shares of American Outdoor Brands Corporation in the 1st quarter worth approximately $39,185,000. State Street Corp boosted its stake in shares of American Outdoor Brands Corporation by 3.3% in the 1st quarter. State Street Corp now owns 971,425 shares of the company’s stock worth $19,244,000 after buying an additional 31,360 shares during the last quarter. Finally, Geode Capital Management LLC purchased a new position in shares of American Outdoor Brands Corporation in the 1st quarter worth approximately $16,784,000. Hedge funds and other institutional investors own 72.53% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Wedbush upgraded American Outdoor Brands Corporation from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $16.00 to $19.50 in a research note on Monday. Aegis restated a “buy” rating and issued a $23.00 target price on shares of American Outdoor Brands Corporation in a research note on Wednesday, September 20th. Jefferies Group LLC restated a “hold” rating and issued a $17.00 target price on shares of American Outdoor Brands Corporation in a research note on Wednesday, September 20th. Craig Hallum restated a “hold” rating and issued a $17.00 target price on shares of American Outdoor Brands Corporation in a research note on Wednesday, September 20th. Finally, Forward View upgraded American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.68.

Shares of American Outdoor Brands Corporation (AOBC) opened at 15.78 on Thursday. American Outdoor Brands Corporation has a 12-month low of $13.28 and a 12-month high of $28.57. The company has a 50 day moving average of $17.43 and a 200-day moving average of $20.51. The company has a market cap of $852.14 million, a PE ratio of 9.78 and a beta of 0.11.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its earnings results on Thursday, September 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.09). American Outdoor Brands Corporation had a return on equity of 27.91% and a net margin of 10.96%. The company had revenue of $129.02 million during the quarter, compared to analysts’ expectations of $147.24 million. During the same quarter in the prior year, the business posted $0.66 EPS. The company’s revenue for the quarter was down 37.7% compared to the same quarter last year. Equities research analysts anticipate that American Outdoor Brands Corporation will post $1.14 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for American Outdoor Brands Corporation (NASDAQ:AOBC)

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