Smith & Wesson Brands (NASDAQ:SWBI) Raised to Buy at Wall Street Zen

by · The Cerbat Gem

Smith & Wesson Brands (NASDAQ:SWBI – Get Free Report) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

SWBI has been the subject of a number of other research reports. Zacks Research raised shares of Smith & Wesson Brands from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. Weiss Ratings upgraded Smith & Wesson Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.00.

Read Our Latest Stock Analysis on SWBI

Smith & Wesson Brands Price Performance

NASDAQ:SWBI opened at $10.83 on Friday. The company has a market cap of $481.83 million, a P/E ratio of 57.00 and a beta of 1.11. The firm’s fifty day moving average price is $9.48 and its two-hundred day moving average price is $9.09. Smith & Wesson Brands has a one year low of $7.73 and a one year high of $11.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.98 and a quick ratio of 1.58.

Smith & Wesson Brands (NASDAQ:SWBI – Get Free Report) last posted its quarterly earnings results on Thursday, December 4th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $124.67 million during the quarter, compared to the consensus estimate of $123.73 million. Smith & Wesson Brands had a return on equity of 2.34% and a net margin of 1.89%.Smith & Wesson Brands’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Equities analysts expect that Smith & Wesson Brands will post 0.47 earnings per share for the current year.

Institutional Investors Weigh In On Smith & Wesson Brands

A number of institutional investors have recently added to or reduced their stakes in SWBI. PNC Financial Services Group Inc. lifted its holdings in shares of Smith & Wesson Brands by 162.1% during the first quarter. PNC Financial Services Group Inc. now owns 4,320 shares of the company’s stock worth $40,000 after purchasing an additional 2,672 shares during the period. Tower Research Capital LLC TRC raised its position in Smith & Wesson Brands by 205.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company’s stock worth $54,000 after purchasing an additional 4,200 shares during the last quarter. CWM LLC lifted its holdings in Smith & Wesson Brands by 119.2% during the 2nd quarter. CWM LLC now owns 6,542 shares of the company’s stock worth $57,000 after buying an additional 3,558 shares during the period. Keynote Financial Services LLC acquired a new position in Smith & Wesson Brands during the 2nd quarter worth about $95,000. Finally, Rafferty Asset Management LLC grew its position in shares of Smith & Wesson Brands by 12.2% in the 2nd quarter. Rafferty Asset Management LLC now owns 11,403 shares of the company’s stock valued at $99,000 after buying an additional 1,237 shares during the last quarter. 59.33% of the stock is owned by institutional investors.

About Smith & Wesson Brands

(Get Free Report)

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.

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