American Outdoor Brands Corp. (AOBC) President and CEO James Debney (Insider Trades) purchased 25,000 shares on Jan. 17. The price per share was $20.50 for a total transaction of $512,500.
American Outdoor Brands, formerly known as Smith & Wesson Holding Corp., is a worldwide provider of firearms and shooting, hunting and outdoor products. The company’s firearm division will continue to be called Smith & Wesson and function as a part of American Outdoor Brands. It has a market cap of $1.15 billion.
Since 2013, Debney made 10 transactions with the company. Half of the transactions were purchases amounting to 65,000 shares, and the other half were sells totaling 680,071 shares. Similarly, the number and volume of insider sells are higher than the number and volume of insider sells every year from 2013 to 2016.
The number and volume of insider sells increased each year from 2014 to 2016; there were 15 insider sells totaling 474,598 shares in 2014 compared to 24 insider sells totaling 1,108,619 shares in 2016. Despite the history of more shares sold than purchased by insiders each year, in 2017 to date, the sole five insider transactions with the company are all purchases. Debney purchased 55,000 shares from Jan. 9 to Jan. 17. The prices per share for Debney’s purchases ranged from $20.50 to $20.99. Another insider, Jeffrey Buchanan (Insider Trades), purchased 10,000 shares on Jan. 9 for a per share price of $20.92. For more information about insider trades with American Outdoor Brands, click here.
For the second fiscal quarter of 2017 ended on Oct. 31, 2016, the company reported net sales of $233.528 million. Net sales increased in comparison to the corresponding quarter of the previous year. Gross profit also increased from $56.215 million to $97.605 million, and net income increased from $12.466 million, or 23 cents per share, to $32.483 million, or 58 cents per share during the same time period. Debney commented that the company is “very pleased” with the results from the second fiscal quarter of 2017. The company also completed the acquisition of Ultimate Survival Technologies Inc., a survival and camping product company with annual revenue growth of 49% from 2012 to 2015.
American Outdoor Brands' annual revenue grew 12.6% since 2012 and follows an increasing trend line as does the company’s annual net income. For more financial statistics, click here.
According to GuruFocus.com information, American Outdoor Brands has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
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