Lake Street Capital Cuts Smith & Wesson Brands (NASDAQ:SWBI) Price Target to $12.50

Smith & Wesson Brands (NASDAQ:SWBI) had its price target reduced by Lake Street Capital from $13.00 to $12.50 in a report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Separately, Craig Hallum downgraded shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating and lowered their target price for the stock from $18.00 to $13.00 in a research note on Friday, December 6th.

Smith & Wesson Brands Price Performance

Shares of NASDAQ:SWBI opened at $9.81 on Friday. The firm has a market cap of $431.67 million, a PE ratio of 12.58 and a beta of 1.09. The firm’s fifty day moving average is $10.50 and its 200-day moving average is $12.10. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 3.97. Smith & Wesson Brands has a 52 week low of $9.17 and a 52 week high of $18.05.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its earnings results on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. The business had revenue of $115.89 million during the quarter, compared to the consensus estimate of $119.46 million. Sell-side analysts predict that Smith & Wesson Brands will post 0.47 earnings per share for the current year.

Smith & Wesson Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 5.30%. The ex-dividend date of this dividend is Thursday, March 20th. Smith & Wesson Brands’s dividend payout ratio (DPR) is currently 66.67%.

Institutional Investors Weigh In On Smith & Wesson Brands

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Smith & Wesson Brands in the fourth quarter valued at $686,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Smith & Wesson Brands by 34.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 102,441 shares of the company’s stock valued at $1,035,000 after purchasing an additional 26,086 shares in the last quarter. Vident Advisory LLC increased its stake in Smith & Wesson Brands by 59.6% in the fourth quarter. Vident Advisory LLC now owns 50,924 shares of the company’s stock valued at $515,000 after purchasing an additional 19,017 shares in the last quarter. Spurstone Advisory Services LLC bought a new stake in Smith & Wesson Brands in the fourth quarter valued at $47,000. Finally, ProShare Advisors LLC bought a new stake in Smith & Wesson Brands in the fourth quarter valued at $128,000. 59.33% of the stock is 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.