Smith & Wesson Brands (NASDAQ:SWBI) Upgraded to Buy at Wall Street Zen

Smith & Wesson Brands (NASDAQ:SWBI) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other research firms have also recently commented on SWBI. Zacks Research upgraded shares of Smith & Wesson Brands from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. Weiss Ratings raised Smith & Wesson Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, December 4th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.00.

Smith & Wesson Brands Price Performance

Shares of SWBI opened at $10.83 on Friday. The business’s 50-day moving average is $9.48 and its 200-day moving average is $9.09. 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 company has a market capitalization of $481.87 million, a price-to-earnings ratio of 57.00 and a beta of 1.11. Smith & Wesson Brands has a fifty-two week low of $7.73 and a fifty-two week high of $11.50.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its quarterly earnings data on Thursday, December 4th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $124.67 million for the quarter, compared to the consensus estimate of $123.73 million. Smith & Wesson Brands had a net margin of 1.89% and a return on equity of 2.34%. The firm’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share. Equities research analysts expect that Smith & Wesson Brands will post 0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Smith & Wesson Brands

Several institutional investors have recently bought and sold shares of SWBI. PNC Financial Services Group Inc. lifted its position in shares of Smith & Wesson Brands by 162.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,320 shares of the company’s stock worth $40,000 after buying an additional 2,672 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Smith & Wesson Brands by 205.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company’s stock valued at $54,000 after acquiring an additional 4,200 shares in the last quarter. CWM LLC lifted its holdings in Smith & Wesson Brands by 119.2% in the 2nd quarter. CWM LLC now owns 6,542 shares of the company’s stock worth $57,000 after purchasing an additional 3,558 shares during the last quarter. Keynote Financial Services LLC bought a new stake in Smith & Wesson Brands during the second quarter worth approximately $95,000. Finally, Rafferty Asset Management LLC boosted its position in Smith & Wesson Brands by 12.2% during the second quarter. Rafferty Asset Management LLC now owns 11,403 shares of the company’s stock worth $99,000 after purchasing an additional 1,237 shares during the period. 59.33% of the stock is currently owned by institutional investors.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm’s brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.