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

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

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

Smith & Wesson Brands Price Performance

Smith & Wesson Brands stock traded down $1.21 during mid-day trading on Friday, reaching $9.81. 2,459,428 shares of the company were exchanged, compared to its average volume of 446,617. 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. The company has a fifty day simple moving average of $10.51 and a 200-day simple moving average of $12.14. Smith & Wesson Brands has a 12 month low of $9.17 and a 12 month high of $18.05.

Smith & Wesson Brands (NASDAQ:SWBI) last released its 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. The company had revenue of $115.89 million for the quarter, compared to analyst estimates of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. As a group, equities research analysts expect that Smith & Wesson Brands will post 0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Smith & Wesson Brands

Several hedge funds and other institutional investors have recently modified their holdings of SWBI. International Assets Investment Management LLC increased its position in Smith & Wesson Brands by 1,198.2% during the 3rd quarter. International Assets Investment Management LLC now owns 2,908 shares of the company’s stock worth $38,000 after purchasing an additional 2,684 shares in the last quarter. IMG Wealth Management Inc. acquired a new position in Smith & Wesson Brands in the 4th quarter worth about $44,000. Spurstone Advisory Services LLC bought a new position in Smith & Wesson Brands in the fourth quarter valued at about $47,000. Jones Financial Companies Lllp boosted its stake in shares of Smith & Wesson Brands by 238.6% during the fourth quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company’s stock valued at $50,000 after purchasing an additional 3,476 shares in the last quarter. Finally, Caption Management LLC acquired a new stake in shares of Smith & Wesson Brands during the fourth quarter valued at about $51,000. 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.