American Outdoor Brands (AOBC) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of American Outdoor Brands (NASDAQ:AOBC) from a hold rating to a buy rating in a research report report published on Wednesday morning. The firm currently has $15.00 price objective on the stock.

According to Zacks, “American Outdoor Brands Corporation is a manufacturer and seller of firearms and accessory products for the shooting, hunting and outdoor enthusiast. The company’s product comprises pistols, revolvers, rifles, guns, handcuffs and firearm-related products and accessories. It sells its products under the brand name Smith & Wesson, M&P, Thompson/Centre and Performance Centre. American Outdoor Brands Corporation, formerly known as Smith & Wesson Holding Corporation, is based in Springfield, Massachusetts. “

A number of other equities research analysts have also recently weighed in on the company. BidaskClub upgraded American Outdoor Brands from a hold rating to a buy rating in a research note on Tuesday, October 16th. ValuEngine upgraded American Outdoor Brands from a hold rating to a buy rating in a research note on Tuesday, September 11th. Craig Hallum cut American Outdoor Brands from a buy rating to a hold rating and decreased their price objective for the stock from $15.00 to $13.00 in a research note on Thursday, November 1st. Wedbush set a $15.00 price objective on American Outdoor Brands and gave the stock a buy rating in a research note on Saturday, September 1st. Finally, Lake Street Capital restated a buy rating and set a $17.00 price objective on shares of American Outdoor Brands in a research note on Friday, August 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. American Outdoor Brands has a consensus rating of Hold and a consensus price target of $14.40.

Shares of AOBC stock opened at $12.73 on Wednesday. American Outdoor Brands has a twelve month low of $8.32 and a twelve month high of $15.95. The firm has a market capitalization of $694.29 million, a price-to-earnings ratio of 17.20 and a beta of 0.08. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.88 and a quick ratio of 1.11.

American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings data on Thursday, December 6th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. The firm had revenue of $161.70 million during the quarter, compared to analysts’ expectations of $154.67 million. American Outdoor Brands had a return on equity of 9.60% and a net margin of 5.30%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. As a group, equities analysts forecast that American Outdoor Brands will post 0.73 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in American Outdoor Brands by 1.6% in the third quarter. Vanguard Group Inc. now owns 4,592,899 shares of the company’s stock valued at $71,328,000 after buying an additional 74,408 shares during the last quarter. Vanguard Group Inc raised its stake in American Outdoor Brands by 1.6% in the third quarter. Vanguard Group Inc now owns 4,592,899 shares of the company’s stock valued at $71,328,000 after buying an additional 74,408 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in American Outdoor Brands by 67.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,096,162 shares of the company’s stock valued at $63,613,000 after buying an additional 1,651,644 shares during the last quarter. Millennium Management LLC purchased a new stake in American Outdoor Brands in the second quarter valued at about $16,241,000. Finally, Renaissance Technologies LLC purchased a new stake in American Outdoor Brands in the third quarter valued at about $19,260,000. Institutional investors own 65.17% of the company’s stock.

About American Outdoor Brands

American Outdoor Brands Corporation designs, manufactures, and sells firearms worldwide. The company's Firearms segment offers handguns, long guns, handcuffs, suppressors, and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Gemtech, and Thompson/Center Arms brands.

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