Smith & Wesson Brands' (SWBI) Sell (D+) Rating Reaffirmed at Weiss Ratings

Key Points

• Smith & Wesson Brands' stock has received a "sell (D+)" rating reaffirmed by Weiss Ratings, reflecting ongoing concerns among investors.
• Despite the reaffirmed sell rating, Wall Street analysts have varied opinions, with some upgrading to "hold" and one analyst giving a "buy" rating.
• The company reported a quarterly earnings per share (EPS) of ($0.08), which was better than the expected ($0.12), though overall revenue decreased by 3.7% year-over-year.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

SWBI has been the subject of several other research reports. Lake Street Capital lowered their target price on shares of Smith & Wesson Brands from $12.50 to $11.00 and set a "buy" rating for the company in a report on Monday, June 23rd. Wall Street Zen upgraded shares of Smith & Wesson Brands from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Finally, Zacks Research upgraded shares of Smith & Wesson Brands from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Smith & Wesson Brands presently has an average rating of "Hold" and an average target price of $12.00.

Smith & Wesson Brands Trading Up 4.4%

NASDAQ SWBI opened at $10.30 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 5.21 and a debt-to-equity ratio of 0.35. Smith & Wesson Brands has a 52 week low of $7.73 and a 52 week high of $14.20. The stock has a market capitalization of $456.70 million, a PE ratio of 42.92 and a beta of 0.94. The firm has a 50 day moving average of $8.77 and a two-hundred day moving average of $9.06.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.04. Smith & Wesson Brands had a net margin of 2.34% and a return on equity of 3.10%. The company had revenue of $85.08 million during the quarter, compared to analysts' expectations of $79.23 million. During the same quarter in the previous year, the business posted ($0.02) EPS. The firm's revenue was down 3.7% on a year-over-year basis. As a group, 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

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Smith & Wesson Brands by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 2,608,677 shares of the company's stock worth $24,313,000 after buying an additional 62,173 shares during the last quarter. Geode Capital Management LLC raised its position in Smith & Wesson Brands by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,075,354 shares of the company's stock worth $9,336,000 after buying an additional 3,882 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Smith & Wesson Brands by 41.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 712,708 shares of the company's stock worth $6,642,000 after buying an additional 208,739 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Smith & Wesson Brands by 7.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 577,072 shares of the company's stock worth $5,378,000 after buying an additional 40,815 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Smith & Wesson Brands by 3.9% during the 2nd quarter. First Trust Advisors LP now owns 142,259 shares of the company's stock worth $1,235,000 after buying an additional 5,315 shares during the last quarter. Hedge funds and other institutional investors own 59.33% of the company's stock.

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.

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