Canada Pension Plan Investment Board grew its stake in shares of American Outdoor Brands Corp (NASDAQ:AOBC) by 135.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 278,805 shares of the company’s stock after acquiring an additional 160,305 shares during the period. Canada Pension Plan Investment Board owned 0.51% of American Outdoor Brands worth $4,330,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of American Outdoor Brands by 44.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,444,518 shares of the company’s stock worth $29,409,000 after acquiring an additional 751,236 shares in the last quarter. Millennium Management LLC bought a new position in shares of American Outdoor Brands in the second quarter worth $16,241,000. Point72 Asset Management L.P. increased its holdings in shares of American Outdoor Brands by 544.5% in the second quarter. Point72 Asset Management L.P. now owns 805,600 shares of the company’s stock worth $9,691,000 after purchasing an additional 680,600 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of American Outdoor Brands by 16.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 592,568 shares of the company’s stock worth $7,129,000 after purchasing an additional 85,813 shares during the period. Finally, Davidson Kempner Capital Management LP bought a new position in shares of American Outdoor Brands in the second quarter worth $6,755,000. Hedge funds and other institutional investors own 64.98% of the company’s stock.

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Several research firms have recently weighed in on AOBC. Zacks Investment Research raised shares of American Outdoor Brands from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, December 12th. Wedbush set a $15.00 price target on shares of American Outdoor Brands and gave the stock a “buy” rating in a report on Friday, December 7th. Cowen reaffirmed a “hold” rating and issued a $12.00 price target on shares of American Outdoor Brands in a report on Friday, December 7th. BidaskClub cut shares of American Outdoor Brands from a “hold” rating to a “sell” rating in a report on Saturday, December 1st. Finally, ValuEngine cut shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Friday, November 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. American Outdoor Brands has an average rating of “Hold” and an average price target of $14.40.

AOBC traded down $0.05 during trading on Thursday, reaching $13.00. The stock had a trading volume of 628,400 shares, compared to its average volume of 654,900. The stock has a market cap of $701.38 million, a PE ratio of 28.26 and a beta of -0.06. The company has a quick ratio of 1.11, a current ratio of 2.88 and a debt-to-equity ratio of 0.50. American Outdoor Brands Corp has a one year low of $8.32 and a one year high of $15.95.

American Outdoor Brands (NASDAQ:AOBC) last released its earnings results on Thursday, December 6th. The company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.06. The business had revenue of $161.70 million for the quarter, compared to analysts’ expectations of $154.67 million. American Outdoor Brands had a return on equity of 9.60% and a net margin of 5.30%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 earnings per share. As a group, equities analysts anticipate that American Outdoor Brands Corp will post 0.73 earnings per share for the current year.

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American Outdoor Brands Profile

American Outdoor Brands Corporation designs, manufactures, and sells firearms worldwide. The company's Firearms segment offers handguns, long guns, handcuffs, suppressors, and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Gemtech, and Thompson/Center Arms brands.

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