Wedbush lowered shares of American Outdoor Brands (NASDAQ:AOBC) from an outperform rating to a neutral rating in a report published on Wednesday, Marketbeat Ratings reports. Wedbush currently has $11.00 price target on the stock, down from their prior price target of $13.50. Wedbush also issued estimates for American Outdoor Brands’ Q4 2019 earnings at $0.14 EPS, FY2019 earnings at $0.73 EPS and FY2020 earnings at $0.87 EPS.

A number of other research firms have also recently commented on AOBC. Zacks Investment Research upgraded American Outdoor Brands from a hold rating to a buy rating and set a $15.00 target price on the stock in a research report on Wednesday, December 12th. BidaskClub upgraded American Outdoor Brands from a strong sell rating to a sell rating in a research report on Wednesday, February 20th. Cowen restated a hold rating and set a $12.00 target price on shares of American Outdoor Brands in a research report on Friday, December 7th. Finally, ValuEngine cut American Outdoor Brands from a buy rating to a hold rating in a research report on Friday, November 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $13.60.

Shares of AOBC opened at $9.69 on Wednesday. The stock has a market cap of $528.67 million, a price-to-earnings ratio of 21.07 and a beta of -0.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.22 and a current ratio of 2.94. American Outdoor Brands has a fifty-two week low of $9.27 and a fifty-two week high of $15.95.

American Outdoor Brands (NASDAQ:AOBC) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $162.01 million for the quarter, compared to the consensus estimate of $162.55 million. American Outdoor Brands had a return on equity of 10.47% and a net margin of 2.56%. On average, analysts expect that American Outdoor Brands will post 0.73 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Captrust Financial Advisors purchased a new position in American Outdoor Brands in the 4th quarter valued at about $29,000. FNY Investment Advisers LLC lifted its stake in American Outdoor Brands by 187.2% in the 4th quarter. FNY Investment Advisers LLC now owns 2,892 shares of the company’s stock valued at $37,000 after buying an additional 1,885 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in American Outdoor Brands in the 3rd quarter valued at about $206,000. AlphaCrest Capital Management LLC purchased a new position in American Outdoor Brands in the 4th quarter valued at about $172,000. Finally, Victory Capital Management Inc. purchased a new position in American Outdoor Brands in the 3rd quarter valued at about $217,000. Hedge funds and other institutional investors own 71.42% 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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