Smith & Wesson Brands (NASDAQ:SWBI) Given New $18.00 Price Target at Lake Street Capital

Smith & Wesson Brands (NASDAQ:SWBI) had its price objective upped by Lake Street Capital from $16.00 to $18.00 in a report published on Friday, Benzinga reports. They currently have a buy rating on the stock.

Separately, Craig Hallum upgraded shares of Smith & Wesson Brands from a hold rating to a buy rating and increased their price target for the company from $14.00 to $18.00 in a research note on Friday, March 8th.

Smith & Wesson Brands Stock Down 12.9 %

Shares of NASDAQ:SWBI opened at $14.29 on Friday. Smith & Wesson Brands has a 52 week low of $10.38 and a 52 week high of $18.05. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 3.21. The company has a market capitalization of $658.77 million, a PE ratio of 25.07 and a beta of 1.11. The company has a 50 day moving average price of $16.41 and a two-hundred day moving average price of $15.17.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings data on Thursday, June 20th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.10. Smith & Wesson Brands had a net margin of 5.05% and a return on equity of 9.44%. The company had revenue of $159.15 million during the quarter, compared to the consensus estimate of $156.80 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year.

Institutional Trading of Smith & Wesson Brands

A number of large investors have recently added to or reduced their stakes in the company. Keynote Financial Services LLC acquired a new stake in shares of Smith & Wesson Brands during the 1st quarter worth about $199,000. EMC Capital Management boosted its stake in shares of Smith & Wesson Brands by 29.2% in the 1st quarter. EMC Capital Management now owns 13,698 shares of the company’s stock valued at $238,000 after purchasing an additional 3,092 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Smith & Wesson Brands in the 1st quarter valued at approximately $237,000. Price T Rowe Associates Inc. MD boosted its position in Smith & Wesson Brands by 17.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,111 shares of the company’s stock worth $228,000 after buying an additional 1,952 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Smith & Wesson Brands during the 1st quarter worth approximately $563,000. Institutional investors and hedge funds own 59.33% of the company’s stock.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.