BlackRock Inc. grew its position in shares of American Outdoor Brands Corporation (NASDAQ:AOBC) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,868,787 shares of the company’s stock after purchasing an additional 133,299 shares during the quarter. BlackRock Inc. owned approximately 9.04% of American Outdoor Brands Corporation worth $107,892,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AOBC. Nationwide Fund Advisors acquired a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at about $681,000. Russell Investments Group Ltd. acquired a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at about $1,283,000. Great West Life Assurance Co. Can acquired a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at about $105,000. First Trust Advisors LP acquired a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at about $459,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at about $6,009,000. 72.53% of the stock is currently owned by hedge funds and other institutional investors.

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A number of analysts have recently commented on the company. Aegis reissued a “buy” rating and set a $23.00 price target on shares of American Outdoor Brands Corporation in a research note on Wednesday, September 20th. Cowen and Company reaffirmed a “buy” rating and issued a $19.00 price objective (down from $27.00) on shares of American Outdoor Brands Corporation in a research note on Friday, September 8th. Vetr raised American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 price objective on the stock in a research note on Monday, July 24th. ValuEngine lowered American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $16.00 price objective (down from $20.00) on shares of American Outdoor Brands Corporation in a research note on Friday, September 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $19.68.

American Outdoor Brands Corporation (AOBC) opened at 14.70 on Thursday. The firm has a market capitalization of $793.81 million, a price-to-earnings ratio of 9.11 and a beta of -0.02. American Outdoor Brands Corporation has a 1-year low of $13.28 and a 1-year high of $28.57. The company has a 50 day moving average price of $15.17 and a 200-day moving average price of $19.88.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its 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). 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 net margin of 10.96% and a return on equity of 27.91%. The company’s revenue was down 37.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 earnings per share. On average, analysts forecast that American Outdoor Brands Corporation will post $1.14 EPS for the current fiscal year.

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.

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

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