Is Buying American Outdoor Brands Corporation (AOBC) Here a Winning Strategy?


American Outdoor Brands Corporation performed-29.91% so far this year and moved -10.54% during recent week.

A number of equities research analysts recently commented on AOBC shares. American Outdoor Brands has a twelve month low of $8.87 and a twelve month high of $24.49. Finally, Ifs Securities raised shares of American Outdoor Brands from an "outperform" rating to a "strong-buy" rating in a research report on Friday, December 8th. Lake Street Capital lowered their price target on American Outdoor Brands from $17.00 to $13.00 and set a "hold" rating for the company in a research report on Friday, November 17th. The stock of American Outdoor Brands Corporation (NASDAQ:AOBC) has "Buy" rating given on Friday, June 30 by Cowen & Co.

For Truecar Inc Cmn (NASDAQ:TRUE) out of the analyst recommendations 2 analysts recommend stock a Buy, 4 rate the stock Outperform, 4 analysts recommend to Hold the stock, 0 rate Underperform and 0 analysts recommend the stock a Sell. This is the consensus price target based on the analysts polled by Thomson Reuters' First Call, the average is taken from the individual analysts which provided targets and are short term projections for the 12 months. Shares of American Outdoor fell as much as 26 percent in after-hours trade.

Why American Outdoor Brands Corporation (AOBC) stock is considered to be Oversold? The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 1.91.

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

The maker of Smith & Wesson guns cuts its outlook for full-year adjusted EPS to $0.31-$0.33 from earlier guidance of $0.57-$0.67; for the current quarter, it sees EPS of $0.09-$0.11 on revenues of $162M-$166M vs.

Quarterly non-GAAP net income was $4.7 million, or $0.09 per diluted share, compared with $37.6 million, or $0.66 per diluted share, for the comparable quarter past year.

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While having a peek at profitability ratios American Outdoor Brands Corp (NASDAQ:AOBC) has trailing twelve month gross margin at 38%, its trailing twelve month operating margin stands at 13.5% whereas its trailing twelve month net profit margin spots at 8.3%.

Debney, on a conference call with analysts, said the company now garners less than one percent of its revenues in sales from assault-style weapons at Dick's Sporting Goods, which on Wednesday banned the guns from stores following a Florida school shooting last month that resulted in 17 fatalities, including 14 children.

In other news, Director Robert H. Brust sold 3,802 shares of the firm's stock in a transaction on Tuesday, December 19th. The share price volatility of the stock remained at 6.57% for the month and by reducing the timeframe to just a week, the volatility stood at 5.17%. Following the completion of the sale, the director now directly owns 8,526 shares of the company's stock, valued at approximately $119,108.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company.

Though American Outdoor Brands's past data is helpful, it is only one aspect of my investment thesis. The shares price has positioned at -34.45% over the past quarter while it has directed -49.38% during past six months. There may be many price targets for a single security.Analyst's mean target price for the company is $81.33 while analysts mean suggestion is 2. Company insiders own 2.31% of the company's stock.

TRADEMARK VIOLATION WARNING: This article was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another site, it was stolen and republished in violation of worldwide copyright and trademark law. The company's product comprises pistols, revolvers, rifles, guns, handcuffs and firearm-related products and accessories.