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American Outdoor Brands Corp (AOBC) Receives $18.56 Consensus Target Price from Analysts

American Outdoor Brands Corp (AOBC) Receives $18.56 Consensus Target Price from Analysts

Shares of American Outdoor Brands (NASDAQ:AOBC) traded down $0.56 on Wednesday, reaching $10.18. Zacks Investment Research upgraded American Outdoor Brands from a "sell" rating to a "hold" rating in a research note on Monday, February 12th. The firm offers handguns, long guns, handcuffs, sporting and hunting rifles, black powder firearms, and firearm-related products and accessories. It sells its products under the brand name Smith & Wesson, M&P, Thompson/Centre and Performance Centre. Finally, Quantbot Technologies LP boosted its holdings in shares of American Outdoor Brands by 114.6% in the 3rd quarter.

Taking a broader look at the analyst consensus, brokerage firms have a price target of $17.08 on American Outdoor Brands Corp (NASDAQ:AOBC). They noted that the move was a valuation call. ValuEngine raised American Outdoor Brands from a "hold" rating to a "buy" rating in a report on Thursday, December 14th. The stock of American Outdoor Brands Corporation (NASDAQ:AOBC) has "Strong Buy" rating given on Friday, December 8 by IFS Securities.

American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings data on Thursday, December 7th.

Additionally on 9/25/17 Wedbush "Upgrades" American Outdoor Brands Corp (NASDAQ:AOBC) to Outperform setting price target at $0 and on 8/21/17 Aegis Capital "Initiates Coverage On" the stock to Buy at $25. Eight equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The stock now has an average rating of "Buy" and a consensus price target of $18.80. American Outdoor Brands Corporation (AOBC) has 0.00% since February 22, 2017 and is. A total of 1.43 Million shares exchanged hands, whereas the company's average trading volume stands at 1.67 Million shares. American Outdoor Brands has a 12 month low of $9.56 and a 12 month high of $24.49. It has forward price to earnings ratio of 9.62, and price to earnings ratio calculated as 9.36.

The price-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings.

SG Americas Securities LLC grew its stake in American Outdoor Brands Corp (NASDAQ:AOBC) by 14.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.07 by $0.04. Victory Capital Management Inc. grew its position in shares of American Outdoor Brands by 72.3% during the third quarter. For the current year the company's revenue estimates are $656.14 Million compared to low analyst estimates of $650.1 Million and high estimates of $662.4 Million according to 7 number of analysts.




American Outdoor Brands Corp (NASDAQ:AOBC)'s revenue estimates for the current quarter are $173.17 Million according to 7 number of analysts, for the current quarter the company has high revenue estimates of $177.8 Million in contradiction of low revenue estimates of $170 Million.

In other news, Director Robert H. Brust sold 3,802 shares of the business's stock in a transaction on Tuesday, December 19th. Following the transaction, the director now directly owns 8,526 shares in the company, valued at approximately $119,108.22. Company insiders own 2.31% of the company's stock. Accern also assigned media 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 next few days. PNC Financial Services Group Inc. boosted its holdings in shares of American Outdoor Brands by 34.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,425 shares of the company's stock valued at $164,000 after acquiring an additional 1,900 shares in the last quarter. BlackRock Inc. raised its position in American Outdoor Brands by 2.8% during the second quarter. Victory Capital Management Inc. now owns 9,683 shares of the company's stock worth $148,000 after purchasing an additional 4,062 shares during the last quarter.

Currently American Outdoor Brands Corp (NASDAQ:AOBC)'s shares owned by insiders are 1.1%, whereas shares owned by institutional owners are 77.2%.

TRADEMARK VIOLATION NOTICE: This story was first reported by Week Herald and is the property of of Week Herald. If you are reading this piece on another website, it was illegally copied and republished in violation of U.S. & global copyright laws.

American Outdoor Brands Corporation designs, makes, and sells firearms worldwide. If a firm is trading for less than its book value or has a P/B less than one, it normally tells investors one of two things: either the market believes the asset value is overstated, or the company is earning a very poor (even negative) return on its assets.


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