American Outdoor Brands’ (AOBC) “Hold” Rating Reaffirmed at Cowen

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Cowen restated their hold rating on shares of American Outdoor Brands (NASDAQ:AOBC) in a report released on Friday. The firm currently has a $12.00 target price on the stock.

AOBC has been the subject of a number of other research reports. Zacks Investment Research upgraded American Outdoor Brands from a hold rating to a buy rating and set a $16.00 price target for the company in a research note on Thursday, September 6th. BidaskClub upgraded American Outdoor Brands from a hold rating to a buy rating in a research note on Tuesday, October 16th. Wedbush set a $15.00 price target on American Outdoor Brands and gave the stock a buy rating in a research note on Saturday, September 1st. Craig Hallum lowered American Outdoor Brands from a buy rating to a hold rating and cut their price target for the stock from $15.00 to $13.00 in a research note on Thursday, November 1st. Finally, Lake Street Capital reiterated a buy rating and issued a $17.00 price target on shares of American Outdoor Brands in a research note on Friday, August 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $14.60.

Shares of NASDAQ:AOBC traded up $1.88 during midday trading on Friday, hitting $14.09. The company had a trading volume of 5,998,865 shares, compared to its average volume of 682,133. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.60 and a quick ratio of 0.82. The firm has a market capitalization of $664.09 million, a price-to-earnings ratio of 30.63 and a beta of 0.08. American Outdoor Brands has a 12-month low of $8.32 and a 12-month high of $15.95.

American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings results on Thursday, December 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. American Outdoor Brands had a return on equity of 9.69% and a net margin of 5.30%. The business had revenue of $161.70 million during the quarter, compared to analyst estimates of $154.67 million. During the same quarter in the prior year, the business posted $0.11 EPS. American Outdoor Brands’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities research analysts expect that American Outdoor Brands will post 0.64 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of AOBC. Verition Fund Management LLC bought a new position in shares of American Outdoor Brands during the 2nd quarter valued at about $133,000. Public Employees Retirement Association of Colorado boosted its holdings in shares of American Outdoor Brands by 308.3% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 11,093 shares of the company’s stock valued at $172,000 after purchasing an additional 8,376 shares during the last quarter. Stone Ridge Asset Management LLC bought a new position in shares of American Outdoor Brands during the 3rd quarter valued at about $206,000. Victory Capital Management Inc. bought a new position in shares of American Outdoor Brands during the 3rd quarter valued at about $217,000. Finally, Jefferies Group LLC bought a new position in shares of American Outdoor Brands during the 3rd quarter valued at about $278,000. Institutional investors and hedge funds own 65.17% of the company’s stock.

American Outdoor Brands Company Profile

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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Analyst Recommendations for American Outdoor Brands (NASDAQ:AOBC)

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