Legal & General Group Plc held its position in shares of American Outdoor Brands Corporation (NASDAQ:AOBC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,916 shares of the company’s stock at the close of the second quarter. Legal & General Group Plc’s holdings in American Outdoor Brands Corporation were worth $394,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can bought a new position in American Outdoor Brands Corporation in the first quarter worth approximately $105,000. Envestnet Asset Management Inc. bought a new position in American Outdoor Brands Corporation in the first quarter worth approximately $107,000. O Shaughnessy Asset Management LLC bought a new position in American Outdoor Brands Corporation in the first quarter worth approximately $108,000. PNC Financial Services Group Inc. bought a new position in American Outdoor Brands Corporation in the first quarter worth approximately $110,000. Finally, Massachusetts Financial Services Co. MA bought a new position in American Outdoor Brands Corporation in the first quarter worth approximately $218,000. Institutional investors and hedge funds own 72.53% of the company’s stock.

Shares of American Outdoor Brands Corporation (NASDAQ AOBC) opened at 15.70 on Friday. The stock’s 50 day moving average is $15.98 and its 200 day moving average is $20.14. American Outdoor Brands Corporation has a 12 month low of $13.28 and a 12 month high of $28.57. The company has a market capitalization of $847.83 million, a P/E ratio of 9.87 and a beta of -0.02.

American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its quarterly earnings results 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). American Outdoor Brands Corporation had a return on equity of 27.91% and a net margin of 10.96%. The firm had revenue of $129.02 million for the quarter, compared to analysts’ expectations of $147.24 million. During the same period last year, the company posted $0.66 earnings per share. The business’s quarterly revenue was down 37.7% on a year-over-year basis. On average, equities analysts predict that American Outdoor Brands Corporation will post $1.14 EPS for the current fiscal year.

Several research analysts have weighed in on the stock. Craig Hallum reiterated a “hold” rating and issued a $17.00 price target on shares of American Outdoor Brands Corporation in a research report on Wednesday, September 20th. Vetr upgraded 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 research report on Monday, August 7th. Aegis reiterated a “buy” rating and issued a $23.00 price target on shares of American Outdoor Brands Corporation in a research report on Wednesday, September 20th. Jefferies Group LLC reiterated a “hold” rating and issued a $17.00 price target on shares of American Outdoor Brands Corporation in a research report on Wednesday, September 20th. Finally, TheStreet downgraded shares of American Outdoor Brands Corporation from a “b” rating to a “c” rating in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.68.

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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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