American Outdoor Brands Corp (NASDAQ:AOBC) Director Sells $53,113.94 in Stock

American Outdoor Brands Corp (NASDAQ:AOBC) Director Robert H. Brust sold 3,802 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $13.97, for a total value of $53,113.94. Following the sale, the director now owns 8,526 shares in the company, valued at approximately $119,108.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of American Outdoor Brands Corp (NASDAQ:AOBC) traded up $0.08 during trading hours on Thursday, reaching $11.90. The company’s stock had a trading volume of 941,100 shares, compared to its average volume of 1,700,471. American Outdoor Brands Corp has a one year low of $11.70 and a one year high of $24.49. The firm has a market capitalization of $643.96, a P/E ratio of 11.02, a PEG ratio of 1.36 and a beta of -0.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.91 and a quick ratio of 0.93.

American Outdoor Brands (NASDAQ:AOBC) last announced its quarterly earnings results on Thursday, December 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. The company had revenue of $148.40 million during the quarter, compared to the consensus estimate of $142.10 million. American Outdoor Brands had a return on equity of 19.29% and a net margin of 8.27%. The firm’s revenue was down 36.5% compared to the same quarter last year. equities research analysts anticipate that American Outdoor Brands Corp will post 0.61 EPS for the current year.

AOBC has been the topic of a number of research analyst reports. Lake Street Capital restated a “hold” rating and set a $11.00 price target (down previously from $13.00) on shares of American Outdoor Brands in a research note on Friday, December 8th. Cowen reiterated a “buy” rating and issued a $19.00 target price on shares of American Outdoor Brands in a research report on Friday, December 8th. Craig Hallum reiterated a “hold” rating and issued a $17.00 target price on shares of American Outdoor Brands in a research report on Wednesday, September 20th. Jefferies Group reiterated a “hold” rating and issued a $17.00 target price on shares of American Outdoor Brands in a research report on Wednesday, September 20th. Finally, Wedbush upgraded American Outdoor Brands from a “neutral” rating to an “outperform” rating and upped their target price for the company from $16.00 to $19.50 in a research report on Monday, September 25th. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $18.80.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of American Outdoor Brands by 2.8% during the 2nd quarter. BlackRock Inc. now owns 4,868,787 shares of the company’s stock worth $107,892,000 after buying an additional 133,299 shares during the period. LSV Asset Management raised its stake in shares of American Outdoor Brands by 7.9% during the 2nd quarter. LSV Asset Management now owns 1,992,648 shares of the company’s stock worth $44,157,000 after buying an additional 146,547 shares during the period. Royal Bank of Canada raised its stake in shares of American Outdoor Brands by 3.8% during the 2nd quarter. Royal Bank of Canada now owns 1,663,306 shares of the company’s stock worth $36,859,000 after buying an additional 61,374 shares during the period. State Street Corp raised its stake in shares of American Outdoor Brands by 6.7% during the 2nd quarter. State Street Corp now owns 1,036,174 shares of the company’s stock worth $22,962,000 after buying an additional 64,749 shares during the period. Finally, Northern Trust Corp raised its stake in shares of American Outdoor Brands by 5.2% during the 2nd quarter. Northern Trust Corp now owns 787,335 shares of the company’s stock worth $17,447,000 after buying an additional 38,968 shares during the period. 71.44% of the stock is owned by institutional investors and hedge funds.

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American Outdoor Brands 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.

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