Smith & Wesson Brands (NASDAQ:SWBI) Downgraded by Wall Street Zen to Hold

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

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smith & Wesson Brands in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.00.

Smith & Wesson Brands Stock Performance

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

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

Institutional Investors Weigh In On Smith & Wesson Brands

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Smith & Wesson Brands in the fourth quarter worth approximately $30,000. Tower Research Capital LLC TRC grew its position in 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 worth $54,000 after purchasing an additional 4,200 shares in the last quarter. CWM LLC increased its stake in Smith & Wesson Brands by 119.2% in the 2nd quarter. CWM LLC now owns 6,542 shares of the company’s stock valued at $57,000 after buying an additional 3,558 shares during the last quarter. Keynote Financial Services LLC purchased a new position in shares of Smith & Wesson Brands in the 2nd quarter worth approximately $95,000. Finally, Rafferty Asset Management LLC grew its holdings in shares of Smith & Wesson Brands by 12.2% in the second quarter. Rafferty Asset Management LLC now owns 11,403 shares of the company’s stock valued at $99,000 after acquiring an additional 1,237 shares in the last quarter. 59.33% of the stock is owned by institutional investors.

About Smith & Wesson Brands

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.