American Outdoor Brands (NASDAQ:AOBC) Lifted to “Strong-Buy” at BidaskClub

American Outdoor Brands (NASDAQ:AOBC) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday, BidAskClub reports.

A number of other research analysts have also weighed in on the stock. Craig Hallum raised shares of American Outdoor Brands from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Wednesday, October 9th. They noted that the move was a valuation call. Wedbush cut their target price on shares of American Outdoor Brands from $10.00 to $6.50 and set a “neutral” rating for the company in a research report on Friday, August 30th. Cowen set a $10.00 target price on shares of American Outdoor Brands and gave the stock a “hold” rating in a research report on Thursday, August 29th. Lake Street Capital reissued a “buy” rating and set a $14.00 target price (down previously from $17.00) on shares of American Outdoor Brands in a research report on Friday, August 30th. Finally, ValuEngine raised shares of American Outdoor Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $11.20.

NASDAQ AOBC traded up $0.14 on Tuesday, hitting $8.50. 1,028,700 shares of the stock were exchanged, compared to its average volume of 702,205. The company has a market capitalization of $432.82 million, a price-to-earnings ratio of 10.24 and a beta of 0.26. American Outdoor Brands has a 52-week low of $5.41 and a 52-week high of $15.32. The company’s 50-day moving average price is $6.88 and its two-hundred day moving average price is $8.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.87 and a quick ratio of 0.68.

American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.05). The business had revenue of $123.67 million during the quarter, compared to the consensus estimate of $126.58 million. American Outdoor Brands had a return on equity of 8.19% and a net margin of 1.39%. The company’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 earnings per share. Equities analysts predict that American Outdoor Brands will post 0.74 EPS for the current fiscal year.

In other American Outdoor Brands news, Director John B. Furman sold 10,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $6.95, for a total transaction of $69,500.00. Following the completion of the transaction, the director now owns 38,335 shares of the company’s stock, valued at approximately $266,428.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.68% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of American Outdoor Brands by 609.1% during the third quarter. Tower Research Capital LLC TRC now owns 5,013 shares of the company’s stock valued at $29,000 after buying an additional 4,306 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in shares of American Outdoor Brands during the second quarter valued at about $114,000. AMP Capital Investors Ltd acquired a new position in shares of American Outdoor Brands during the second quarter valued at about $120,000. Jane Street Group LLC raised its position in shares of American Outdoor Brands by 80.3% during the second quarter. Jane Street Group LLC now owns 14,495 shares of the company’s stock valued at $131,000 after buying an additional 6,455 shares during the last quarter. Finally, Teza Capital Management LLC acquired a new position in shares of American Outdoor Brands during the second quarter valued at about $135,000. 69.78% of the stock is owned by institutional investors and hedge funds.

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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