Smith & Wesson Brands (NASDAQ:SWBI) Raised to “Hold” at Zacks Research

Smith & Wesson Brands (NASDAQ:SWBI) was upgraded by analysts at Zacks Research to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other analysts have also recently issued reports on SWBI. Weiss Ratings upgraded Smith & Wesson Brands from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Wall Street Zen raised shares of Smith & Wesson Brands from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. Finally, Lake Street Capital upped their price objective on shares of Smith & Wesson Brands from $14.00 to $16.50 and gave the company a “buy” rating in a report on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.50.

Smith & Wesson Brands Price Performance

SWBI stock opened at $16.12 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.20 and a quick ratio of 1.13. The business has a 50 day simple moving average of $15.07 and a 200-day simple moving average of $13.09. The firm has a market capitalization of $721.05 million, a PE ratio of 40.30 and a beta of 0.90. Smith & Wesson Brands has a 1 year low of $7.73 and a 1 year high of $17.56.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings results on Wednesday, June 17th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.23 by $0.13. Smith & Wesson Brands had a return on equity of 5.01% and a net margin of 3.53%.The firm had revenue of $178.39 million during the quarter, compared to analysts’ expectations of $155.27 million. During the same quarter last year, the firm earned $0.20 earnings per share. The business’s revenue for the quarter was up 26.7% on a year-over-year basis. Equities research analysts anticipate that Smith & Wesson Brands will post 0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Smith & Wesson Brands

Several large investors have recently made changes to their positions in the stock. Keynote Financial Services LLC acquired a new stake in Smith & Wesson Brands in the 4th quarter valued at approximately $581,000. Fidelis Capital Partners LLC lifted its stake in Smith & Wesson Brands by 257.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 46,390 shares of the company’s stock worth $458,000 after purchasing an additional 33,428 shares in the last quarter. Independent Advisor Alliance lifted its stake in Smith & Wesson Brands by 19.8% during the fourth quarter. Independent Advisor Alliance now owns 35,855 shares of the company’s stock worth $354,000 after purchasing an additional 5,920 shares in the last quarter. SG Americas Securities LLC acquired a new position in Smith & Wesson Brands during the fourth quarter worth $133,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Smith & Wesson Brands during the fourth quarter worth $30,000. 59.33% of the stock is currently owned by institutional investors and hedge funds.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a leading American manufacturer of firearms and related products, designing, producing and marketing a broad array of handguns, long guns and shooting accessories. The company’s portfolio includes revolvers, semi-automatic pistols and rifles under well-known brands such as M&P® (Military & Police) and Performance Center®, which are used by military, law enforcement, commercial and private customers. In addition to complete firearms, Smith & Wesson offers suppressors, optics mounts, holsters and other shooting accessories to support a full spectrum of professional and recreational shooting activities.

Founded in 1852 by Horace Smith and Daniel B.