Lake Street Capital Raises Smith & Wesson Brands (NASDAQ:SWBI) Price Target to $16.50

Smith & Wesson Brands (NASDAQ:SWBI) had its price target raised by equities researchers at Lake Street Capital from $14.00 to $16.50 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Lake Street Capital’s price target points to a potential upside of 20.17% from the stock’s current price.

Several other equities research analysts have also recently commented on SWBI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smith & Wesson Brands in a research report on Friday, March 27th. Wall Street Zen raised Smith & Wesson Brands from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.50.

Smith & Wesson Brands Trading Down 1.1%

Smith & Wesson Brands stock opened at $13.73 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.50 and a quick ratio of 1.48. Smith & Wesson Brands has a one year low of $7.73 and a one year high of $15.79. The stock has a market capitalization of $610.85 million, a PE ratio of 59.70 and a beta of 0.90. The business’s fifty day moving average is $14.91 and its 200 day moving average is $12.82.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings data on Wednesday, June 17th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.23 by $0.13. Smith & Wesson Brands had a return on equity of 3.07% and a net margin of 2.24%.The company had revenue of $178.39 million for the quarter, compared to analysts’ expectations of $155.27 million. During the same period last year, the firm posted $0.20 earnings per share. Smith & Wesson Brands’s revenue was up 26.7% compared to the same quarter last year. On average, sell-side analysts predict that Smith & Wesson Brands will post 0.27 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC purchased a new position in Smith & Wesson Brands in the first quarter worth about $250,000. Western Wealth Management LLC purchased a new position in Smith & Wesson Brands in the first quarter worth about $34,000. Quantinno Capital Management LP boosted its position in Smith & Wesson Brands by 55.4% in the first quarter. Quantinno Capital Management LP now owns 64,781 shares of the company’s stock worth $928,000 after purchasing an additional 23,082 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Smith & Wesson Brands by 68.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 364,994 shares of the company’s stock worth $5,230,000 after purchasing an additional 147,795 shares during the last quarter. Finally, Inceptionr LLC purchased a new position in Smith & Wesson Brands in the first quarter worth about $276,000. 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 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.