ValuEngine raised American Outdoor Brands from a hold rating to a buy rating in a report on Wednesday, August 23rd.
Smith & Wesson parent company American Outdoor Brands said its third-quarter net sales were down 36.4 percent compared with previous year, when personal safety concerns and pre-election jitters had consumers buying handguns. $19's average target is 45.26% above currents $13.08 stock price. While, the analyst predicted that the company could provide an EPS of $0.11/share. 4,783,132 shares of the stock traded hands, compared to its average volume of 1,420,880. American Outdoor Brands had a net margin of 10.96% and a return on equity of 27.91%. American Outdoor Brands earned a media sentiment score of 0.13 on Accern's scale. The stock's last price was higher from the average trading price of 50 days recorded at $14.31 while enlarging the period to 200 trading days, the average price was $18.77.
American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings data on Thursday, December 7th. The company now has an average rating of "Hold" and a consensus price target of $23.16.
In a note issued to clients on 8 December, The Hold rating of American Outdoor Brands (NDAQ:AOBC) shares was reconfirmed by Lake Street, who now has a $11.00 target price on the stock. On Friday, June 2 the stock rating was maintained by Wedbush with "Neutral". The stock of American Outdoor Brands Corporation (NASDAQ:AOBC) has "Neutral" rating given on Friday, June 2 by Wedbush. The business's revenue was down 36.5% compared to the same quarter last year. equities analysts forecast that American Outdoor Brands will post 1.07 EPS for the current fiscal year.
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They expect $0.07 EPS, down 871.43% or $0.61 from last year's $0.68 per share. After this purchase, 368,272 common shares of AOBC are directly owned by the insider, with total stake valued at $5,498,301. Stifel Financial Corp boosted its holdings in American Outdoor Brands by 7.0% in the third quarter. Zacks Investment Research downgraded American Outdoor Brands from a hold rating to a sell rating in a research note on Tuesday, September 5th. Oak Hill Capital Management Llc owns 2.48 million shares or 27.13% of their USA portfolio.
Press coverage about American Outdoor Brands (NASDAQ:AOBC) has trended somewhat positive this week, according to Accern. If you are viewing this story on another site, it was copied illegally and reposted in violation of USA and global trademark & copyright laws.
American Outdoor Brands Corporation designs, makes, and sells firearms worldwide.
"Lower shipments in our firearms business reflected a significant reduction in wholesaler and retailer orders versus the prior year, and were partially offset by higher revenue in our Outdoor Products & Accessories business", Debney said. 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.