Smith & Wesson Brands (NASDAQ:SWBI) Rating Increased to Buy at Lake Street Capital

Smith & Wesson Brands (NASDAQ:SWBI) was upgraded by stock analysts at Lake Street Capital from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage presently has a $13.00 target price on the stock. Lake Street Capital’s price target points to a potential upside of 22.76% from the company’s current price.

Separately, Craig Hallum lowered Smith & Wesson Brands from a “buy” rating to a “hold” rating and reduced their target price for the company from $18.00 to $13.00 in a report on Friday, December 6th.

Smith & Wesson Brands Trading Down 0.4 %

SWBI opened at $10.59 on Monday. The firm has a market capitalization of $465.96 million, a price-to-earnings ratio of 13.58 and a beta of 1.02. The company’s 50 day moving average price is $11.23 and its two-hundred day moving average price is $13.02. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 1.43. Smith & Wesson Brands has a fifty-two week low of $9.68 and a fifty-two week high of $18.05.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. The company had revenue of $129.70 million during the quarter, compared to analyst estimates of $133.53 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, research analysts predict that Smith & Wesson Brands will post 0.47 earnings per share for the current year.

Institutional Trading of Smith & Wesson Brands

Hedge funds and other institutional investors have recently bought and sold shares of the company. Verity Asset Management Inc. raised its stake in shares of Smith & Wesson Brands by 15.7% during the fourth quarter. Verity Asset Management Inc. now owns 16,336 shares of the company’s stock worth $165,000 after acquiring an additional 2,211 shares in the last quarter. EMC Capital Management boosted its holdings in Smith & Wesson Brands by 144.4% in the fourth quarter. EMC Capital Management now owns 13,698 shares of the company’s stock valued at $138,000 after acquiring an additional 8,094 shares in the last quarter. Blue Trust Inc. increased its position in Smith & Wesson Brands by 35.0% during the 4th quarter. Blue Trust Inc. now owns 17,120 shares of the company’s stock valued at $173,000 after purchasing an additional 4,441 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of Smith & Wesson Brands by 26.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,628 shares of the company’s stock worth $289,000 after purchasing an additional 5,914 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of Smith & Wesson Brands by 11.8% during the 4th quarter. SG Americas Securities LLC now owns 17,795 shares of the company’s stock valued at $180,000 after purchasing an additional 1,872 shares in the last quarter. Institutional investors own 59.33% of the company’s stock.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm’s brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.