Smith & Wesson Brands (NASDAQ:SWBI) Rating Lowered to Hold at Wall Street Zen

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

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Smith & Wesson Brands in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.00.

Smith & Wesson Brands Price Performance

Shares of NASDAQ:SWBI opened at $11.90 on Friday. The stock has a market cap of $529.43 million, a price-to-earnings ratio of 62.63 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.98 and a quick ratio of 1.58. Smith & Wesson Brands has a 12 month low of $7.73 and a 12 month high of $12.15. The stock’s 50 day moving average price is $10.99 and its 200 day moving average price is $9.86.

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

Institutional Trading of Smith & Wesson Brands

Several hedge funds have recently added to or reduced their stakes in SWBI. SummerHaven Investment Management LLC acquired a new stake in shares of Smith & Wesson Brands during the 3rd quarter worth approximately $965,000. Allianz Asset Management GmbH raised its stake in shares of Smith & Wesson Brands by 327.6% in the third quarter. Allianz Asset Management GmbH now owns 183,220 shares of the company’s stock valued at $1,801,000 after acquiring an additional 140,368 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Smith & Wesson Brands in the 2nd quarter valued at $1,213,000. Keynote Financial Services LLC acquired a new stake in shares of Smith & Wesson Brands in the second quarter valued at $95,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Smith & Wesson Brands in the 3rd quarter valued at about $602,000. Institutional investors own 59.33% of the company’s stock.

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.