Lake Street Capital Has Lowered Expectations for Smith & Wesson Brands (NASDAQ:SWBI) Stock Price

Smith & Wesson Brands (NASDAQ:SWBI) had its target price cut by Lake Street Capital from $13.00 to $12.50 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Lake Street Capital’s target price would indicate a potential upside of 27.42% from the stock’s current price.

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

Smith & Wesson Brands Stock Down 11.0 %

Shares of NASDAQ:SWBI opened at $9.81 on Friday. Smith & Wesson Brands has a 52 week low of $9.17 and a 52 week high of $18.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 3.97. The company’s fifty day moving average is $10.50 and its 200-day moving average is $12.08. The company has a market capitalization of $431.67 million, a PE ratio of 12.58 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its earnings results on Thursday, March 6th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $115.89 million for the quarter, compared to the consensus estimate of $119.46 million. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. Equities research analysts predict that Smith & Wesson Brands will post 0.47 earnings per share for the current fiscal year.

Institutional Trading of Smith & Wesson Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings 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 during the last quarter. IMG Wealth Management Inc. bought a new stake in Smith & Wesson Brands during the 4th quarter worth about $44,000. Spurstone Advisory Services LLC bought a new stake in Smith & Wesson Brands during the 4th quarter worth about $47,000. Jones Financial Companies Lllp raised its holdings in Smith & Wesson Brands by 238.6% during the 4th quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company’s stock worth $50,000 after purchasing an additional 3,476 shares during the last quarter. Finally, Caption Management LLC bought a new stake in Smith & Wesson Brands during the 4th quarter worth about $51,000. 59.33% of the stock is owned by institutional investors.

About Smith & Wesson Brands

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.