American Outdoor Brands (NASDAQ:AOBC) had its target price raised by Wedbush from $13.00 to $14.50 in a report published on Thursday morning, MarketBeat Ratings reports. Wedbush currently has an outperform rating on the stock. Wedbush also issued estimates for American Outdoor Brands’ Q1 2019 earnings at $0.14 EPS, Q2 2019 earnings at $0.12 EPS, Q4 2019 earnings at $0.25 EPS and FY2020 earnings at $0.96 EPS.
Other equities research analysts also recently issued reports about the company. BidaskClub downgraded American Outdoor Brands from a strong-buy rating to a buy rating in a report on Tuesday, June 5th. Craig Hallum raised American Outdoor Brands from a hold rating to a buy rating and set a $13.00 price target for the company in a report on Friday, March 2nd. Lake Street Capital raised American Outdoor Brands from a hold rating to a buy rating and increased their price target for the stock from $9.00 to $13.00 in a report on Thursday, April 12th. ValuEngine raised American Outdoor Brands from a hold rating to a buy rating in a report on Monday, April 2nd. Finally, Zacks Investment Research raised American Outdoor Brands from a hold rating to a buy rating and set a $14.00 price target for the company in a report on Wednesday, June 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $17.65.
Shares of American Outdoor Brands traded up $0.04, hitting $12.84, during mid-day trading on Thursday, according to MarketBeat Ratings. 38,241 shares of the company were exchanged, compared to its average volume of 1,090,996. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.13 and a quick ratio of 1.38. American Outdoor Brands has a 1-year low of $8.32 and a 1-year high of $24.20. The company has a market cap of $716.14 million, a PE ratio of 27.83, a P/E/G ratio of 2.05 and a beta of -0.01.
In other American Outdoor Brands news, Director Robert L. Scott sold 10,000 shares of the firm’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $10.36, for a total value of $103,600.00. Following the completion of the sale, the director now owns 72,862 shares of the company’s stock, valued at $754,850.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.31% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of American Outdoor Brands by 13.2% during the 1st quarter. BlackRock Inc. now owns 6,804,867 shares of the company’s stock worth $70,226,000 after buying an additional 792,100 shares during the last quarter. Luminus Management LLC raised its stake in shares of American Outdoor Brands by 175.6% during the 4th quarter. Luminus Management LLC now owns 1,273,160 shares of the company’s stock worth $16,347,000 after buying an additional 811,160 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of American Outdoor Brands by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 515,378 shares of the company’s stock worth $6,617,000 after buying an additional 22,050 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of American Outdoor Brands by 15.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 506,755 shares of the company’s stock worth $5,230,000 after buying an additional 66,514 shares during the last quarter. Finally, Royce & Associates LP raised its stake in shares of American Outdoor Brands by 26.1% during the 4th quarter. Royce & Associates LP now owns 429,588 shares of the company’s stock worth $5,516,000 after buying an additional 88,923 shares during the last quarter. 67.44% 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. It operates in two segments, Firearms, and Outdoor Products & Accessories. The company offers handguns, long guns, handcuffs, sporting and hunting rifles, black powder firearms, and firearm-related products and accessories.
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