Lake Street Capital Increases Smith & Wesson Brands (NASDAQ:SWBI) Price Target to $18.00

Smith & Wesson Brands (NASDAQ:SWBI) had its price target hoisted by Lake Street Capital from $16.00 to $18.00 in a research note published on Friday, Benzinga reports. Lake Street Capital currently has a buy rating on the stock.

Separately, Craig Hallum raised Smith & Wesson Brands from a hold rating to a buy rating and raised their target price for the stock from $14.00 to $18.00 in a research report on Friday, March 8th.

Smith & Wesson Brands Price Performance

NASDAQ SWBI opened at $14.29 on Friday. Smith & Wesson Brands has a one year low of $10.38 and a one year high of $18.05. The stock has a 50-day moving average of $16.41 and a 200 day moving average of $15.17. The company has a market capitalization of $658.77 million, a price-to-earnings ratio of 25.07 and a beta of 1.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 3.21.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rafferty Asset Management LLC grew its stake in shares of Smith & Wesson Brands by 6.9% during the 3rd quarter. Rafferty Asset Management LLC now owns 14,787 shares of the company’s stock valued at $191,000 after acquiring an additional 960 shares during the period. Swiss National Bank lifted its holdings in Smith & Wesson Brands by 1.4% during the third quarter. Swiss National Bank now owns 101,250 shares of the company’s stock valued at $1,307,000 after purchasing an additional 1,400 shares in the last quarter. Lesa Sroufe & Co boosted its position in shares of Smith & Wesson Brands by 1.7% in the fourth quarter. Lesa Sroufe & Co now owns 87,842 shares of the company’s stock worth $1,191,000 after purchasing an additional 1,491 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Smith & Wesson Brands by 17.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,111 shares of the company’s stock worth $228,000 after purchasing an additional 1,952 shares in the last quarter. Finally, Aviance Capital Partners LLC raised its position in shares of Smith & Wesson Brands by 3.9% during the 1st quarter. Aviance Capital Partners LLC now owns 57,740 shares of the company’s stock valued at $1,002,000 after purchasing an additional 2,164 shares during the period. 59.33% of the stock is owned by hedge funds and other institutional investors.

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.