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.
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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