Schwab Charles Investment Management Inc. boosted its position in American Outdoor Brands by 5.4% in the 3rd quarter. However a year ago for the same quarter the company has reported $0.66 EPS. Finally, Wedbush reaffirmed an "outperform" rating and issued a $15.00 target price (down previously from $19.50) on shares of American Outdoor Brands in a report on Tuesday.
Several other equities research analysts have also recently weighed in on AOBC. Cowen & Co maintained American Outdoor Brands Corporation (NASDAQ:AOBC) rating on Friday, November 3.
American Outdoor Brands (NASDAQ:AOBC) was upgraded by Craig Hallum from a "hold" rating to a "buy" rating in a research note issued on Friday.
The stock of American Outdoor Brands Corporation and Pretium Resources Inc. were two of the most active stocks on Thursday. Accern also gave headlines about the company an impact score of 46.4189694252815 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The stock now has an average rating of "Hold" and a consensus target price of $18.30.
The stock of American Outdoor Brands Corporation (NASDAQ:AOBC) earned "Neutral" rating by Wedbush on Wednesday, January 18.
American Outdoor Brands Corporation designs, makes, and sells firearms worldwide. Slightly noticeable ratio of firm is current ratio, which is standing at 1.90. The company has a market capitalization of $487.03, a PE ratio of 8.63, a PEG ratio of 1.00 and a beta of 0.05.
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American Outdoor Brands has a 52-week low of $8.32 and a 52-week high of $24.49. American Outdoor Brands Corporation (NasdaqGS:AOBC) presently has a 10 month price index of 0.48775.
The company reduced its sales goal for the current fiscal year that ends April 30 to its midpoint of $598 million from its projection in December of $662.5 million.
A number of large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company now owns 43,111 shares of the company's stock worth $955,000 after acquiring an additional 1,039 shares during the period. Hedge funds and other institutional investors own 71.62% of the company's stock.
American Outdoor chopped its profit forecast for the third straight quarter. Insiders own 2.31% of the company's stock.
In related news, Director Robert H. Brust sold 3,802 shares of the company's stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $13.97, for a total transaction of $53,113.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
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American Outdoor Brands Corporation (NASDAQ:AOBC)'s earnings per share has been growing at a 41.2 percent rate over the past 5 year when average revenue increase was noted as 17 percent. Lower shipments in our firearms business were driven by a reduction in wholesaler and retailer orders versus the prior year, and were partially offset by double-digit revenue growth within our Outdoor Products and Accessories segment.