OxFORD Asset Management LLP acquired a new stake in American Outdoor Brands Corporation (NASDAQ:AOBC) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 111,081 shares of the company’s stock, valued at approximately $2,462,000. OxFORD Asset Management LLP owned approximately 0.21% of American Outdoor Brands Corporation as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AOBC. Vanguard Group Inc. acquired a new position in shares of American Outdoor Brands Corporation in the first quarter worth approximately $173,622,000. BlackRock Inc. acquired a new position in shares of American Outdoor Brands Corporation in the first quarter worth approximately $93,810,000. Dimensional Fund Advisors LP acquired a new position in shares of American Outdoor Brands Corporation in the first quarter worth approximately $39,185,000. Geode Capital Management LLC acquired a new position in shares of American Outdoor Brands Corporation in the first quarter worth approximately $16,784,000. Finally, USA Mutuals Advisors Inc. acquired a new position in shares of American Outdoor Brands Corporation in the first quarter worth approximately $9,905,000. 72.53% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on the company. Vetr downgraded American Outdoor Brands Corporation from a “strong-buy” rating to a “buy” rating and set a $23.50 price objective for the company. in a report on Wednesday, July 12th. Cowen and Company boosted their price objective on American Outdoor Brands Corporation from $24.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, June 30th. Aegis restated a “buy” rating and set a $23.00 price objective on shares of American Outdoor Brands Corporation in a report on Wednesday, September 20th. Craig Hallum restated a “hold” rating and set a $17.00 price objective on shares of American Outdoor Brands Corporation in a report on Wednesday, September 20th. Finally, Forward View restated a “hold” rating on shares of American Outdoor Brands Corporation in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. American Outdoor Brands Corporation currently has an average rating of “Hold” and a consensus target price of $19.68.

American Outdoor Brands Corporation (NASDAQ:AOBC) opened at 16.11 on Thursday. American Outdoor Brands Corporation has a 52 week low of $13.28 and a 52 week high of $28.57. The company has a market capitalization of $869.97 million, a price-to-earnings ratio of 10.13 and a beta of -0.02. The firm has a 50-day moving average price of $16.13 and a 200-day moving average price of $20.19.

American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its quarterly earnings data on Thursday, September 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.09). The firm had revenue of $129.02 million for the quarter, compared to analysts’ expectations of $147.24 million. American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. The business’s quarterly revenue was down 37.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 EPS. Analysts anticipate that American Outdoor Brands Corporation will post $1.14 EPS for the current fiscal year.

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American Outdoor Brands Corporation 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.

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

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