Lake Street Capital Issues Pessimistic Forecast for Smith & Wesson Brands (NASDAQ:SWBI) Stock Price

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) had its target price lowered by Lake Street Capital from $12.50 to $11.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Lake Street Capital's price target would suggest a potential upside of 26.15% from the company's current price.

Smith & Wesson Brands Stock Performance

SWBI stock traded up $0.13 on Monday, reaching $8.72. 1,162,854 shares of the company were exchanged, compared to its average volume of 528,393. The firm has a market capitalization of $383.68 million, a PE ratio of 32.30 and a beta of 1.01. Smith & Wesson Brands has a 12 month low of $8.38 and a 12 month high of $16.85. The stock's fifty day moving average price is $9.65 and its 200 day moving average price is $9.97. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.16 and a quick ratio of 1.56.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last announced its quarterly earnings results on Wednesday, June 18th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.03). Smith & Wesson Brands had a return on equity of 3.71% and a net margin of 2.60%. The business had revenue of $140.76 million for the quarter, compared to the consensus estimate of $152.41 million. During the same quarter in the prior year, the business earned $0.45 EPS. The firm's revenue for the quarter was down 11.6% on a year-over-year basis. On average, research analysts anticipate that Smith & Wesson Brands will post 0.47 EPS for the current fiscal year.

Institutional Trading of Smith & Wesson Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SWBI. Sanctuary Advisors LLC bought a new position in shares of Smith & Wesson Brands in the 4th quarter valued at about $114,000. Private Advisor Group LLC acquired a new stake in shares of Smith & Wesson Brands during the 4th quarter worth approximately $271,000. Bank of New York Mellon Corp raised its stake in shares of Smith & Wesson Brands by 18.0% during the fourth quarter. Bank of New York Mellon Corp now owns 525,374 shares of the company's stock worth $5,309,000 after buying an additional 80,235 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Smith & Wesson Brands by 238.6% in the fourth quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company's stock valued at $50,000 after buying an additional 3,476 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Smith & Wesson Brands in the fourth quarter valued at approximately $568,000. 59.33% of the stock is currently owned by institutional investors and hedge funds.

About Smith & Wesson Brands

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.