Smith & Wesson Brands (NASDAQ:SWBI) Rating Increased to Hold at Zacks Investment Research

Smith & Wesson Brands (NASDAQ:SWBIGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

According to Zacks, “Smith & Wesson Brands, Inc. designs, manufactures and sells firearms. The Company offers pistols, revolvers, rifles, handcuffs and other related products and accessories under the Smith & Wesson, M&P, Performance Center, Thompson/Center Arms and Gemtech brands. Smith & Wesson Brands, Inc., formerly known as American Outdoor Brands Corporation, is based in Springfield, Massachusetts. “

NASDAQ:SWBI traded up $0.14 during trading hours on Wednesday, hitting $13.86. 7,859 shares of the company traded hands, compared to its average volume of 916,528. The stock has a market capitalization of $630.78 million, a price-to-earnings ratio of 2.81 and a beta of 0.84. Smith & Wesson Brands has a twelve month low of $13.49 and a twelve month high of $39.61. The firm has a 50-day moving average of $15.21 and a 200 day moving average of $17.64. The company has a current ratio of 3.23, a quick ratio of 1.79 and a debt-to-equity ratio of 0.12.

Smith & Wesson Brands (NASDAQ:SWBIGet Rating) last released its earnings results on Thursday, March 3rd. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.19). The company had revenue of $177.74 million for the quarter, compared to analyst estimates of $198.29 million. Smith & Wesson Brands had a net margin of 24.60% and a return on equity of 82.03%. Smith & Wesson Brands’s revenue for the quarter was down 31.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.12 earnings per share. Equities research analysts predict that Smith & Wesson Brands will post 4.02 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in SWBI. Commonwealth Equity Services LLC increased its holdings in Smith & Wesson Brands by 35.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 25,409 shares of the company’s stock valued at $527,000 after buying an additional 6,646 shares during the period. SG Americas Securities LLC grew its holdings in shares of Smith & Wesson Brands by 122.1% in the 3rd quarter. SG Americas Securities LLC now owns 28,430 shares of the company’s stock worth $590,000 after purchasing an additional 15,632 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Smith & Wesson Brands by 2.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 44,075 shares of the company’s stock worth $915,000 after purchasing an additional 995 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Smith & Wesson Brands by 7.4% in the 3rd quarter. Deutsche Bank AG now owns 41,653 shares of the company’s stock worth $864,000 after purchasing an additional 2,861 shares during the last quarter. Finally, Moors & Cabot Inc. bought a new stake in shares of Smith & Wesson Brands in the 3rd quarter worth about $40,000. 55.29% of the stock is currently owned by hedge funds and other institutional investors.

Smith & Wesson Brands Company Profile (Get Rating)

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, and muzzleloaders; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Thompson/Center Arms, and Gemtech brands.

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