Smith & Wesson Brands (NASDAQ:SWBI) Upgraded to “Buy” at Lake Street Capital

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

Separately, Craig Hallum downgraded shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $18.00 to $13.00 in a report on Friday, December 6th.

Smith & Wesson Brands Price Performance

NASDAQ SWBI opened at $10.59 on Monday. The company has a current ratio of 3.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $11.23 and a two-hundred day moving average price of $13.02. The stock has a market cap of $465.96 million, a price-to-earnings ratio of 13.58 and a beta of 1.02. Smith & Wesson Brands has a 52 week low of $9.68 and a 52 week high of $18.05.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SWBI. Cetera Investment Advisers grew its holdings in shares of Smith & Wesson Brands by 1.8% during the second quarter. Cetera Investment Advisers now owns 80,650 shares of the company’s stock worth $1,157,000 after buying an additional 1,421 shares in the last quarter. Franklin Resources Inc. increased its position in Smith & Wesson Brands by 5.8% during the third quarter. Franklin Resources Inc. now owns 29,249 shares of the company’s stock worth $378,000 after buying an additional 1,598 shares during the last quarter. 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 worth $180,000 after acquiring an additional 1,872 shares during the period. Quarry LP increased its holdings in shares of Smith & Wesson Brands by 2,773.0% during the 2nd quarter. Quarry LP now owns 2,126 shares of the company’s stock worth $30,000 after acquiring an additional 2,052 shares during the last quarter. Finally, Verity Asset Management Inc. raised its stake in Smith & Wesson Brands by 15.7% in the 4th quarter. Verity Asset Management Inc. now owns 16,336 shares of the company’s stock valued at $165,000 after acquiring an additional 2,211 shares during the period. 59.33% of the stock is currently owned by institutional investors.

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.