Smith & Wesson Brands (NASDAQ:SWBI) Upgraded at 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, Marketbeat reports. They currently have $13.00 target price on the stock.

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

Smith & Wesson Brands Price Performance

Shares of SWBI stock opened at $10.62 on Monday. The firm has a market cap of $467.28 million, a price-to-earnings ratio of 13.62 and a beta of 1.02. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. Smith & Wesson Brands has a 12 month low of $9.68 and a 12 month high of $18.05. The stock has a 50-day moving average price of $11.14 and a 200 day moving average price of $12.97.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The company had revenue of $129.70 million during the quarter, compared to analyst estimates of $133.53 million. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. 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. Shareholders of record on Thursday, December 19th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $0.52 annualized dividend and a yield of 4.90%. Smith & Wesson Brands’s payout ratio is currently 66.67%.

Institutional Trading of Smith & Wesson Brands

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in 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 worth $13,865,000 after buying an additional 7,260 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Smith & Wesson Brands during the 2nd quarter worth about $4,354,000. Marshall Wace LLP acquired a new stake in Smith & Wesson Brands in the 2nd quarter valued at about $4,129,000. Cubist Systematic Strategies LLC grew its holdings in 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 purchasing an additional 122,147 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Smith & Wesson Brands by 9.1% in the third quarter. JPMorgan Chase & Co. now owns 131,566 shares of the company’s stock valued at $1,708,000 after buying an additional 11,006 shares during the period. 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.