Smith & Wesson Brands (NASDAQ:SWBI) Stock Rating Upgraded by Lake Street Capital

Lake Street Capital upgraded shares of Smith & Wesson Brands (NASDAQ:SWBI) from a hold rating to a buy rating in a research report released on Monday morning, Marketbeat Ratings reports. They currently have $13.00 price target on the stock.

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

Smith & Wesson Brands Stock Performance

SWBI opened at $10.62 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 1.43. The business has a fifty day simple moving average of $11.14 and a 200 day simple moving average of $12.97. Smith & Wesson Brands has a 1 year low of $9.68 and a 1 year high of $18.05. The company has a market capitalization of $467.28 million, a PE ratio of 13.62 and a beta of 1.02.

Smith & Wesson Brands (NASDAQ:SWBI) last released 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). The business had revenue of $129.70 million for the quarter, compared to the consensus estimate of $133.53 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. Smith & Wesson Brands’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share. Research analysts expect that Smith & Wesson Brands will post 0.47 EPS for the current year.

Smith & Wesson Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 19th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.90%. Smith & Wesson Brands’s dividend payout ratio (DPR) is currently 66.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC acquired a new stake in shares of Smith & Wesson Brands in the 2nd quarter valued at approximately $4,354,000. Marshall Wace LLP acquired a new stake in Smith & Wesson Brands in the second quarter valued at approximately $4,129,000. Cubist Systematic Strategies LLC grew its stake in shares of Smith & Wesson Brands by 1,023.1% during the second quarter. Cubist Systematic Strategies LLC now owns 134,086 shares of the company’s stock worth $1,923,000 after buying an additional 122,147 shares during the last quarter. Barclays PLC increased its holdings in shares of Smith & Wesson Brands by 240.2% during the third quarter. Barclays PLC now owns 80,449 shares of the company’s stock worth $1,046,000 after buying an additional 56,800 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of Smith & Wesson Brands by 380.9% during the 3rd quarter. GSA Capital Partners LLP now owns 62,197 shares of the company’s stock valued at $807,000 after acquiring an additional 49,264 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.