American Outdoor Brands Corp (NASDAQ:AOBC) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Monday. They presently have a $21.76 price target on the stock. Vetr‘s target price indicates a potential upside of 2.91% from the company’s current price.

AOBC has been the topic of a number of other research reports. Wedbush set a $25.00 price target on American Outdoor Brands Corp and gave the stock a “hold” rating in a research report on Sunday, December 4th. Wunderlich set a $22.00 price target on American Outdoor Brands Corp and gave the stock a “hold” rating in a research report on Monday, February 27th. Forward View reissued a “buy” rating and set a $25.00 price target on shares of American Outdoor Brands Corp in a research report on Sunday, January 8th. Cowen and Company lowered their price target on American Outdoor Brands Corp to $24.00 and set a “buy” rating on the stock in a research report on Friday, March 3rd. Finally, Lake Street Capital downgraded American Outdoor Brands Corp from a “buy” rating to a “hold” rating and decreased their target price for the company from $37.00 to $20.00 in a research report on Wednesday, December 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $22.72.

Analyst Recommendations for American Outdoor Brands Corp (NASDAQ:AOBC)

Shares of American Outdoor Brands Corp (NASDAQ:AOBC) opened at 21.15 on Monday. American Outdoor Brands Corp has a 52-week low of $17.50 and a 52-week high of $31.19. The stock has a market cap of $1.19 billion, a PE ratio of 8.90 and a beta of 0.75. The company’s 50-day moving average price is $19.89 and its 200-day moving average price is $21.80.

American Outdoor Brands Corp (NASDAQ:AOBC) last released its earnings results on Thursday, March 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.11. The business had revenue of $233.50 million for the quarter, compared to the consensus estimate of $235.06 million. American Outdoor Brands Corp had a return on equity of 44.96% and a net margin of 15.15%. American Outdoor Brands Corp’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 earnings per share. Analysts expect that American Outdoor Brands Corp will post $2.36 earnings per share for the current year.

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Several large investors have recently modified their holdings of the stock. Peregrine Capital Management LLC bought a new stake in shares of American Outdoor Brands Corp during the first quarter valued at about $8,222,000. Bank of Montreal Can bought a new stake in shares of American Outdoor Brands Corp during the first quarter valued at about $6,820,000. James Investment Research Inc. bought a new stake in shares of American Outdoor Brands Corp during the first quarter valued at about $4,307,000. Clark Estates Inc. NY bought a new stake in shares of American Outdoor Brands Corp during the first quarter valued at about $2,655,000. Finally, Skylands Capital LLC bought a new stake in shares of American Outdoor Brands Corp during the first quarter valued at about $2,433,000. Institutional investors and hedge funds own 74.02% of the company’s stock.

About American Outdoor Brands Corp

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.

5 Day Chart for NASDAQ:AOBC

To view Vetr’s full report, visit Vetr’s official website.

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