American Outdoor Brands (NASDAQ:AOBC) Rating Lowered to Strong Sell at ValuEngine

American Outdoor Brands (NASDAQ:AOBC) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, June 26th, ValuEngine reports.

Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Focus Financial Partners from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Monday, June 24th. Cowen reiterated a “hold” rating and issued a $12.00 price objective on shares of American Outdoor Brands in a report on Wednesday, June 19th. Wedbush set a $190.00 target price on Home Depot and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. Finally, BidaskClub cut Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $12.40.

American Outdoor Brands stock traded down $0.04 during trading hours on Wednesday, hitting $9.50. 378,970 shares of the stock were exchanged, compared to its average volume of 750,279. American Outdoor Brands has a 12 month low of $8.19 and a 12 month high of $15.95. The stock has a 50-day moving average of $8.86. The stock has a market capitalization of $521.72 million, a PE ratio of 11.45 and a beta of 0.15. The company has a quick ratio of 1.21, a current ratio of 2.68 and a debt-to-equity ratio of 0.44.

American Outdoor Brands (NASDAQ:AOBC) last issued its earnings results on Wednesday, June 19th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.10. The firm had revenue of $175.73 million during the quarter, compared to the consensus estimate of $168.99 million. American Outdoor Brands had a net margin of 2.88% and a return on equity of 10.55%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. As a group, sell-side analysts expect that American Outdoor Brands will post 0.81 EPS for the current year.

In other news, Director Michael F. Golden sold 20,000 shares of American Outdoor Brands stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $10.01, for a total transaction of $200,200.00. Following the sale, the director now owns 256,432 shares of the company’s stock, valued at $2,566,884.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael F. Golden sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $10.01, for a total value of $180,180.00. Following the sale, the director now directly owns 256,432 shares in the company, valued at approximately $2,566,884.32. The disclosure for this sale can be found here. Corporate insiders own 2.47% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors bought a new stake in American Outdoor Brands in the fourth quarter worth $29,000. Pearl River Capital LLC boosted its stake in shares of American Outdoor Brands by 196.9% in the first quarter. Pearl River Capital LLC now owns 4,750 shares of the company’s stock worth $44,000 after acquiring an additional 3,150 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new stake in American Outdoor Brands in the fourth quarter valued at $172,000. Metropolitan Life Insurance Co. NY raised its holdings in shares of American Outdoor Brands by 314.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 16,177 shares of the company’s stock valued at $208,000 after buying an additional 12,272 shares during the period. Finally, ETRADE Capital Management LLC purchased a new stake in American Outdoor Brands during the 4th quarter worth about $297,000. Institutional investors and hedge funds own 66.63% 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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