Smith & Wesson Brands (NASDAQ:SWBI) Given New $14.00 Price Target at Lake Street Capital

Smith & Wesson Brands (NASDAQ:SWBI) had its price objective lifted by Lake Street Capital from $11.00 to $14.00 in a report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Smith & Wesson Brands in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $14.00.

Smith & Wesson Brands Price Performance

Shares of NASDAQ SWBI opened at $13.99 on Friday. The stock has a market capitalization of $622.42 million, a PE ratio of 60.83 and a beta of 1.04. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.98 and a quick ratio of 1.58. The business has a fifty day moving average price of $11.21 and a two-hundred day moving average price of $10.01. Smith & Wesson Brands has a fifty-two week low of $7.73 and a fifty-two week high of $13.99.

Smith & Wesson Brands (NASDAQ:SWBI) last released its earnings results on Thursday, March 5th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $135.71 million during the quarter, compared to the consensus estimate of $125.59 million. Smith & Wesson Brands had a return on equity of 3.06% and a net margin of 2.24%.The company’s revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 EPS. As a group, equities analysts predict that Smith & Wesson Brands will post 0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in shares of Smith & Wesson Brands in the fourth quarter worth about $153,000. Invesco Ltd. grew its holdings in shares of Smith & Wesson Brands by 2.2% during the 4th quarter. Invesco Ltd. now owns 137,004 shares of the company’s stock valued at $1,352,000 after purchasing an additional 2,983 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Smith & Wesson Brands by 49.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 29,793 shares of the company’s stock worth $294,000 after purchasing an additional 9,835 shares in the last quarter. Oxford Asset Management LLP acquired a new position in Smith & Wesson Brands during the 4th quarter worth approximately $140,000. Finally, Engineers Gate Manager LP bought a new position in Smith & Wesson Brands in the 4th quarter valued at approximately $439,000. Institutional investors and hedge funds own 59.33% of the company’s stock.

Trending Headlines about Smith & Wesson Brands

Here are the key news stories impacting Smith & Wesson Brands this week:

• Positive Sentiment: Q3 results beat estimates — Smith & Wesson reported EPS of $0.08 vs. consensus $0.05 and revenue of $135.7M vs. $125.6M, with net sales up 17.1% year-over-year; this topline and EPS beat is the primary catalyst for the stock move. Smith & Wesson Q3 Results
• Positive Sentiment: Raise to fiscal Q4 revenue guidance — management updated Q4 revenue guidance to roughly $154.9M–$157.7M versus a consensus of ~$142.2M, signaling better-than-expected near-term demand. Earnings Transcript / Guidance
• Positive Sentiment: Analyst upgrade — Lake Street Capital raised its price target from $11 to $14 and set a Buy rating, providing incremental buy-side validation. Benzinga
• Neutral Sentiment: Full earnings call / transcripts are available for details on product demand, margin outlook and working-capital commentary — useful for drilling into sustainability of the sales beat. Seeking Alpha Call Transcript
• Neutral Sentiment: Press and coverage pieces explain the share move and investor reaction; read for additional color on market response. MSN Coverage
• Negative Sentiment: Valuation and margin context — the stock trades at a high P/E (~73.6) while reported net margin is modest (~1.9%); investors should weigh elevated valuation vs. growth and guidance. No link

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.