American Outdoor Brands Corporation (NASDAQ:AOBC) Stake Increased by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of American Outdoor Brands Corporation (NASDAQ:AOBC) by 28.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,200 shares of the company’s stock after buying an additional 4,200 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in American Outdoor Brands Corporation were worth $425,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Great West Life Assurance Co. Can purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at approximately $105,000. Envestnet Asset Management Inc. acquired a new position in shares of American Outdoor Brands Corporation during the first quarter valued at approximately $107,000. O Shaughnessy Asset Management LLC acquired a new position in shares of American Outdoor Brands Corporation during the first quarter valued at approximately $108,000. PNC Financial Services Group Inc. acquired a new position in shares of American Outdoor Brands Corporation during the first quarter valued at approximately $110,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of American Outdoor Brands Corporation during the first quarter valued at approximately $111,000. Institutional investors and hedge funds own 71.93% of the company’s stock.

American Outdoor Brands Corporation (NASDAQ AOBC) traded up 0.16% during mid-day trading on Friday, reaching $19.20. The company’s stock had a trading volume of 691,165 shares. The company’s 50-day moving average price is $21.17 and its 200 day moving average price is $21.10. American Outdoor Brands Corporation has a 52 week low of $17.50 and a 52 week high of $30.16. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 8.53 and a beta of 0.01.

American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its quarterly earnings results on Thursday, June 29th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.19. American Outdoor Brands Corporation had a net margin of 13.87% and a return on equity of 37.76%. The firm had revenue of $229.20 million during the quarter, compared to analysts’ expectations of $210.82 million. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts forecast that American Outdoor Brands Corporation will post $1.56 earnings per share for the current fiscal year.

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A number of research firms recently commented on AOBC. Vetr upgraded American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 target price on the stock in a research report on Monday, August 7th. Forward View reaffirmed a “hold” rating on shares of American Outdoor Brands Corporation in a research note on Wednesday, July 5th. ValuEngine cut American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Jefferies Group LLC reaffirmed a “hold” rating and set a $20.00 target price on shares of American Outdoor Brands Corporation in a research note on Friday, July 7th. Finally, Wedbush upped their target price on American Outdoor Brands Corporation from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, June 2nd. Nine equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. American Outdoor Brands Corporation presently has a consensus rating of “Hold” and an average target price of $23.34.

In related news, Director Robert L. Scott sold 10,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the director now directly owns 57,448 shares of the company’s stock, valued at $1,378,752. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.94% of the stock is owned by insiders.

About American Outdoor Brands Corporation

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 Company operates through two segments. 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.

Institutional Ownership by Quarter for American Outdoor Brands Corporation (NASDAQ:AOBC)

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