Smith & Wesson Brands (NASDAQ:SWBI) Raised to Buy 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 note issued to investors on Monday, Marketbeat Ratings reports. The brokerage currently has $13.00 target price on the stock.

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

Smith & Wesson Brands Stock Up 1.2 %

Shares of NASDAQ:SWBI opened at $10.72 on Monday. The firm has a market capitalization of $471.68 million, a PE ratio of 13.74 and a beta of 1.02. Smith & Wesson Brands has a 1 year low of $9.68 and a 1 year high of $18.05. 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 firm’s 50-day moving average is $11.23 and its two-hundred day moving average is $13.02.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its earnings results on Thursday, December 5th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.06). The business had revenue of $129.70 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share. Analysts predict that Smith & Wesson Brands will post 0.47 EPS for the current year.

Smith & Wesson Brands Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 19th were issued a $0.13 dividend. The ex-dividend date was Thursday, December 19th. This represents a $0.52 annualized dividend and a yield of 4.85%. Smith & Wesson Brands’s dividend payout ratio (DPR) is 66.67%.

Institutional Investors Weigh In On Smith & Wesson Brands

A number of large investors have recently modified their holdings of the company. Cetera Investment Advisers increased its holdings in Smith & Wesson Brands by 1.8% in the second quarter. Cetera Investment Advisers now owns 80,650 shares of the company’s stock valued at $1,157,000 after buying an additional 1,421 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Smith & Wesson Brands by 5.8% in the 3rd quarter. Franklin Resources Inc. now owns 29,249 shares of the company’s stock valued at $378,000 after acquiring an additional 1,598 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Smith & Wesson Brands by 11.8% during the 4th quarter. SG Americas Securities LLC now owns 17,795 shares of the company’s stock worth $180,000 after acquiring an additional 1,872 shares in the last quarter. Quarry LP lifted its stake in Smith & Wesson Brands by 2,773.0% during the second quarter. Quarry LP now owns 2,126 shares of the company’s stock worth $30,000 after purchasing an additional 2,052 shares during the last quarter. Finally, Verity Asset Management Inc. boosted its holdings in Smith & Wesson Brands by 15.7% in the fourth quarter. Verity Asset Management Inc. now owns 16,336 shares of the company’s stock valued at $165,000 after purchasing an additional 2,211 shares in the last quarter. 59.33% of the stock is owned by hedge funds and other 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.