American Outdoor Brands Corporation (AOBC)

Sales down for Smith & Wesson parent company American Outdoor Brands

Sales down for Smith & Wesson parent company American Outdoor Brands

American Outdoor Brands Corporation (AOBC) has had a 20-day average volume of 1,173,840 shares, with an average of 20% of short term indicators pointed at Buy. The company's stock had a trading volume of 349,873 shares, compared to its average volume of 1,010,000. Cowen restated a "buy" rating and issued a $19.00 target price (down from $27.00) on shares of American Outdoor Brands in a research note on Friday, September 8th. BlackRock Fund Advisors is the second biggest holder with 4 million shares now valued at 55.79 million whilst Invesco Advisers, Inc has 2 million shares valued at 48.45 million. The stock exchanged hands 1.96 Million shares versus average trading capacity of 1.69 Million shares, yielding a market cap of $770.06 Million.

The stock of American Outdoor Brands Corporation (NASDAQ:AOBC) is a huge mover today! Jefferies initiated American Outdoor Brands Corporation (NASDAQ:AOBC) on Tuesday, February 28 with "Hold" rating. Lake Street maintained American Outdoor Brands Corporation (NASDAQ:AOBC) on Friday, November 17 with "Hold" rating. The company's beta value is at -0.12. The consensus mean EPS for the current quarter is at $0.07 derived from a total of 7 estimates from the analysts who have weighed in on projected earnings. During the same quarter in the previous year, the company posted $0.66 earnings per share. sell-side analysts expect that American Outdoor Brands will post 1.12 earnings per share for the current fiscal year.

American Outdoor Brands Corp (NASDAQ:AOBC)'s trailing twelve month revenues are $825.3 Million, whereas its price to sales ratio for the same period is 0.93. The rating was maintained by Wunderlich on Thursday, June 22 with "Hold".

American Outdoor Brands (NASDAQ:AOBC) last issued its earnings results on Thursday, September 7th.

In the past 52-week period, shares of American Outdoor Brands Corporation (NASDAQ:AOBC) have moved within the range of $12.87 to $24.49. Cowen reissued a buy rating and issued a $19.00 price target (down from $27.00) on shares of American Outdoor Brands in a report on Friday, September 8th.

Looking forward, for the quarter ending Apr-17, 8 analysts have a mean sales target of 211.17 million. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.09).

Several large investors have recently modified their holdings of AOBC. Victory Capital Management Inc. purchased a new position in shares of American Outdoor Brands during the second quarter worth $125,000.

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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 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.new TradingView.widget ({ "height": "400, "width": "625, "symbol": "NASDAQ:AOBC", "interval": "D", "timezone": "Etc/UTC", "theme": "White", "style": "1", "locale": "en", "toolbar_bg": "#f1f3f6", "enable_publishing": "false, "hideideas": "true, "referral_id": "2588"}); To view Vetr's full report, visit Vetr's official website.