Lake Street Capital Cuts Smith & Wesson Brands (NASDAQ:SWBI) Price Target to $12.50

Smith & Wesson Brands (NASDAQ:SWBI) had its price objective dropped by analysts at Lake Street Capital from $13.00 to $12.50 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Lake Street Capital’s price target suggests a potential upside of 27.42% from the company’s previous close.

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

Smith & Wesson Brands Trading Down 11.0 %

Shares of Smith & Wesson Brands stock traded down $1.21 during midday trading on Friday, reaching $9.81. The company had a trading volume of 2,459,428 shares, compared to its average volume of 446,617. The stock has a fifty day moving average price of $10.51 and a 200 day moving average price of $12.14. Smith & Wesson Brands has a fifty-two week low of $9.17 and a fifty-two week high of $18.05. The firm has a market cap of $431.67 million, a PE ratio of 12.58 and a beta of 1.09. 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 (NASDAQ:SWBI) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. The firm had revenue of $115.89 million during the quarter, compared to analyst estimates of $119.46 million. On average, equities analysts anticipate that Smith & Wesson Brands will post 0.47 earnings per share for the current year.

Hedge Funds Weigh In On Smith & Wesson Brands

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of Smith & Wesson Brands by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,063,973 shares of the company’s stock valued at $30,960,000 after acquiring an additional 104,128 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Smith & Wesson Brands by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,067,955 shares of the company’s stock valued at $13,865,000 after purchasing an additional 7,260 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Smith & Wesson Brands by 18.0% during the 4th quarter. Bank of New York Mellon Corp now owns 525,374 shares of the company’s stock worth $5,309,000 after purchasing an additional 80,235 shares in the last quarter. Northern Trust Corp grew its stake in shares of Smith & Wesson Brands by 5.4% in the 4th quarter. Northern Trust Corp now owns 415,205 shares of the company’s stock valued at $4,196,000 after buying an additional 21,362 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of Smith & Wesson Brands in the 4th quarter valued at about $2,049,000. 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.