American Outdoor Brands Corporation (NASDAQ:AOBC) had its price objective cut by Lake Street Capital from $17.00 to $13.00 in a research note published on Friday. They currently have a hold rating on the stock.

Several other analysts have also commented on AOBC. Vetr raised 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 note on Monday, July 24th. Aegis reaffirmed a buy rating and issued a $25.00 price target on shares of American Outdoor Brands Corporation in a research note on Monday, August 21st. ValuEngine raised American Outdoor Brands Corporation from a hold rating to a buy rating in a research note on Wednesday, August 23rd. Ifs Securities started coverage on American Outdoor Brands Corporation in a research note on Friday, September 1st. They issued an outperform rating and a $21.00 price target on the stock. Finally, Zacks Investment Research lowered American Outdoor Brands Corporation from a hold rating to a sell rating in a research note on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $19.68.

American Outdoor Brands Corporation (AOBC) traded up $0.14 on Friday, hitting $13.49. The stock had a trading volume of 1,262,568 shares, compared to its average volume of 1,415,586. The company has a market capitalization of $720.92, a PE ratio of 6.80, a PEG ratio of 0.78 and a beta of -0.14. The company has a current ratio of 1.63, a quick ratio of 0.80 and a debt-to-equity ratio of 0.41. American Outdoor Brands Corporation has a 1-year low of $12.87 and a 1-year high of $25.01.

American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.09). The company had revenue of $129.02 million during the quarter, compared to analyst estimates of $147.24 million. American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. American Outdoor Brands Corporation’s quarterly revenue was down 37.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 EPS. analysts anticipate that American Outdoor Brands Corporation will post 1.12 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of the business. UBS Asset Management Americas Inc. bought a new stake in shares of American Outdoor Brands Corporation during the first quarter worth $515,000. Ameriprise Financial Inc. bought a new stake in shares of American Outdoor Brands Corporation during the first quarter worth $515,000. Principal Financial Group Inc. bought a new stake in shares of American Outdoor Brands Corporation during the first quarter worth $1,200,000. Teachers Advisors LLC bought a new stake in shares of American Outdoor Brands Corporation during the first quarter worth $1,938,000. Finally, TIAA CREF Investment Management LLC bought a new stake in shares of American Outdoor Brands Corporation during the first quarter worth $2,915,000. 69.91% of the stock is currently owned by institutional investors.

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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