TIAA CREF Investment Management LLC Purchases Shares of 147,158 American Outdoor Brands Corp (AOBC)

TIAA CREF Investment Management LLC bought a new position in shares of American Outdoor Brands Corp (NASDAQ:AOBC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 147,158 shares of the company’s stock, valued at approximately $2,915,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in American Outdoor Brands Corp during the first quarter worth $297,000. DUPONT CAPITAL MANAGEMENT Corp bought a new position in American Outdoor Brands Corp during the first quarter worth $306,000. IFP Advisors Inc bought a new position in American Outdoor Brands Corp during the first quarter worth $368,000. Russell Investments Group Ltd. bought a new position in American Outdoor Brands Corp during the first quarter worth $1,283,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in American Outdoor Brands Corp during the first quarter worth $111,000. 71.08% of the stock is owned by institutional investors and hedge funds.

Shares of American Outdoor Brands Corp (NASDAQ AOBC) opened at 18.78 on Friday. American Outdoor Brands Corp has a 12 month low of $17.50 and a 12 month high of $30.16. The company has a market cap of $1.01 billion, a P/E ratio of 8.35 and a beta of 0.01. The stock’s 50 day moving average price is $20.48 and its 200-day moving average price is $21.03.

American Outdoor Brands Corp (NASDAQ:AOBC) last released its quarterly earnings results on Thursday, June 29th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.19. The business had revenue of $229.20 million during the quarter, compared to analysts’ expectations of $210.82 million. American Outdoor Brands Corp had a return on equity of 27.58% and a net margin of 12.08%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts expect that American Outdoor Brands Corp will post $1.56 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “TIAA CREF Investment Management LLC Purchases Shares of 147,158 American Outdoor Brands Corp (AOBC)” was originally published by BNB Daily and is owned by of BNB Daily. If you are reading this article on another site, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this article can be read at https://www.baseball-news-blog.com/2017/08/19/tiaa-cref-investment-management-llc-purchases-shares-of-147158-american-outdoor-brands-corporation-aobc-updated-updated.html.

A number of research analysts have weighed in on the company. Zacks Investment Research lowered American Outdoor Brands Corp from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Wunderlich reaffirmed a “hold” rating and set a $22.00 target price on shares of American Outdoor Brands Corp in a report on Friday, June 23rd. ValuEngine lowered American Outdoor Brands Corp from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Wedbush lifted their target price on American Outdoor Brands Corp from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, June 2nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating on shares of American Outdoor Brands Corp in a report on Friday, June 2nd. Nine research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $23.34.

In other American Outdoor Brands Corp news, Director Robert L. Scott sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the director now owns 57,448 shares in the company, valued at approximately $1,378,752. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.31% of the company’s stock.

American Outdoor Brands Corp Company Profile

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 Corp (NASDAQ:AOBC)

Receive News & Ratings for American Outdoor Brands Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Outdoor Brands Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply