Lake Street Capital Downgrades Smith & Wesson Brands (NASDAQ:SWBI) to Hold

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) was downgraded by stock analysts at Lake Street Capital from a "buy" rating to a "hold" rating in a research note issued to investors on Friday, MarketBeat.com reports. They presently have a $13.00 price target on the stock, down from their prior price target of $18.00. Lake Street Capital's price target suggests a potential upside of 19.71% from the company's current price.

Separately, Craig Hallum cut shares of Smith & Wesson Brands from a "buy" rating to a "hold" rating and decreased their price objective for the company from $18.00 to $13.00 in a research report on Friday.

Smith & Wesson Brands Stock Down 20.3 %

Smith & Wesson Brands stock traded down $2.77 during midday trading on Friday, hitting $10.86. 5,076,905 shares of the company were exchanged, compared to its average volume of 386,466. The company has a market cap of $487.07 million, a PE ratio of 13.92 and a beta of 0.96. Smith & Wesson Brands has a fifty-two week low of $10.43 and a fifty-two week high of $18.05. The company's fifty day moving average price is $13.19 and its 200-day moving average price is $14.31. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.54 and a quick ratio of 1.19.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last posted its earnings results on Thursday, December 5th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.06). The firm had revenue of $129.70 million for the quarter, compared to analyst estimates of $133.53 million. Smith & Wesson Brands had a return on equity of 9.20% and a net margin of 6.74%. The company's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. On average, research analysts predict that Smith & Wesson Brands will post 0.73 EPS for the current fiscal year.

Institutional Trading of Smith & Wesson Brands

Several hedge funds have recently made changes to their positions in the stock. Quarry LP increased its holdings in shares of Smith & Wesson Brands by 2,773.0% in the 2nd quarter. Quarry LP now owns 2,126 shares of the company's stock worth $30,000 after acquiring an additional 2,052 shares during the period. Blue Trust Inc. increased its position in Smith & Wesson Brands by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 2,133 shares of the company's stock valued at $31,000 after acquiring an additional 1,614 shares during the period. International Assets Investment Management LLC raised its stake in shares of Smith & Wesson Brands by 1,198.2% during the third quarter. International Assets Investment Management LLC now owns 2,908 shares of the company's stock valued at $38,000 after purchasing an additional 2,684 shares in the last quarter. NBC Securities Inc. raised its position in shares of Smith & Wesson Brands by 823.8% during the 3rd quarter. NBC Securities Inc. now owns 4,000 shares of the company's stock worth $51,000 after buying an additional 3,567 shares in the last quarter. Finally, Copeland Capital Management LLC bought a new stake in Smith & Wesson Brands during the third quarter worth approximately $52,000. Institutional investors own 59.33% of the company's stock.

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.