Ameriprise Financial Inc. bought a new position in American Outdoor Brands Corporation (NASDAQ:AOBC) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 25,982 shares of the company’s stock, valued at approximately $515,000.
A number of other large investors have also recently added to or reduced their stakes in AOBC. Great West Life Assurance Co. Can purchased a new stake in American Outdoor Brands Corporation during the first quarter worth $105,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in American Outdoor Brands Corporation during the first quarter worth $111,000. Suntrust Banks Inc. purchased a new stake in American Outdoor Brands Corporation during the first quarter worth $266,000. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in American Outdoor Brands Corporation during the first quarter worth $297,000. Finally, DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in American Outdoor Brands Corporation during the first quarter worth $306,000. Hedge funds and other institutional investors own 72.13% of the company’s stock.
American Outdoor Brands Corporation (NASDAQ:AOBC) opened at 20.81 on Friday. The company has a market cap of $1.12 billion, a PE ratio of 9.25 and a beta of 0.04. American Outdoor Brands Corporation has a 12-month low of $17.50 and a 12-month high of $31.19. The firm has a 50 day moving average price of $22.84 and a 200 day moving average price of $21.17.
American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its quarterly earnings data on Thursday, June 29th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.19. American Outdoor Brands Corporation had a net margin of 13.87% and a return on equity of 37.76%. The firm had revenue of $229.20 million for the quarter, compared to analysts’ expectations of $210.82 million. The firm’s revenue was up 3.7% on a year-over-year basis. On average, analysts anticipate that American Outdoor Brands Corporation will post $1.56 earnings per share for the current fiscal year.
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A number of research firms have weighed in on AOBC. Vetr downgraded American Outdoor Brands Corporation from a “strong-buy” rating to a “buy” rating and set a $23.50 target price for the company. in a research report on Wednesday, July 12th. Forward View restated a “hold” rating on shares of American Outdoor Brands Corporation in a research report on Wednesday, July 5th. Jefferies Group LLC restated a “hold” rating and issued a $20.00 target price on shares of American Outdoor Brands Corporation in a research report on Friday, July 7th. ValuEngine downgraded American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Cowen and Company upped their target price on American Outdoor Brands Corporation from $24.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, June 30th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $23.39.
In other American Outdoor Brands Corporation news, Director Robert L. Scott sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the director now directly owns 57,448 shares of the company’s stock, valued at $1,378,752. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.94% of the stock is currently owned by company insiders.
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.
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