Market Overview

Reminder: Shot Show Is Happening This Week

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Reminder: Shot Show Is Happening This Week

The Shot Show gets underway in Las Vegas Tuesday. The four-day event counts among its attendees, shooting, hunting and outdoor trade and commercial buyers and sellers of military, law enforcement and tactical products and services.

Why Shot Show Is Important

Many companies unveil new products ahead of the show so that these can be exhibited during the event. The show should provide a boost for the industry, which is expected to a see a slowdown in sales following the "unusually high growth" in 2016.

The strong growth in 2016 reflected demand pulled forward from 2017 to 2016, as retailers and distributors received elevated orders prior to the election on fears that a Democratic victory could result in tightening of gun legislation. Terror strikes and mass shootings also played out in the minds of buyers, as they scrambled to buy firearms.

Competition Heating Up

In a note released in December, Wunderlich's analyst Rommel Dionisio noted that American Outdoor Brands Corp (NASDAQ: AOBC)'s competitors have unveiled new products for 2017. American Outdoor Brands is the new moniker for Smith & Wesson Holding.

American Outdoor Brands' competition includes Sturm Ruger & Company Inc (NYSE: RGR), Dicks Sporting Goods Inc (NYSE: DKS), Cabelas Inc (NYSE: CAB) and Vista Outdoor Inc (NYSE: VSTO).

The analyst believes the new product introductions in two of the fastest growing categories in the firearms segment, modern sporting rifles (MSRs) and compact/concealed carry handguns, could challenge the company's market share, which had been increasing meaningfully over the past several years.

Meanwhile, Wunderlich also said its firearms distributor contacts believed American Outdoor Brands would also soon unveil the second generation of its popular M&P pistol.

Latest Ratings for AOBC

DateFirmActionFromTo
Nov 2019WedbushMaintainsNeutral
Oct 2019Craig-HallumUpgradesHoldBuy
Aug 2019WedbushMaintainsNeutral

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View the Latest Analyst Ratings

 

Related Articles (CAB + AOBC)

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PRTKHC Wainwright & Co.Maintains19.0
MCRBHC Wainwright & Co.Maintains41.0
EOLSHC Wainwright & Co.Maintains8.0
PRTSSmall Cap Consumer ResearchMaintains16.0
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