Weiss Ratings Reaffirms Sell (D+) Rating for Smith & Wesson Brands (NASDAQ:SWBI)

Smith & Wesson Brands (NASDAQ:SWBI)‘s stock had its “sell (d+)” rating reissued by research analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

A number of other research analysts have also recently issued reports on the company. Zacks Research raised Smith & Wesson Brands from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. Wall Street Zen upgraded shares of Smith & Wesson Brands from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.00.

Smith & Wesson Brands Stock Up 1.4%

Shares of SWBI opened at $10.23 on Friday. The company has a quick ratio of 1.37, a current ratio of 5.21 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $9.25 and a two-hundred day moving average price of $9.14. The stock has a market cap of $453.60 million, a price-to-earnings ratio of 42.63 and a beta of 0.94. Smith & Wesson Brands has a 12 month low of $7.73 and a 12 month high of $14.20.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its earnings results on Thursday, September 4th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The business had revenue of $85.08 million during the quarter, compared to analysts’ expectations of $79.23 million. Smith & Wesson Brands had a return on equity of 3.10% and a net margin of 2.34%.Smith & Wesson Brands’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.02) EPS. Equities analysts predict that Smith & Wesson Brands will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Smith & Wesson Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Financial Harvest LLC acquired a new position in shares of Smith & Wesson Brands during the first quarter worth approximately $31,000. PNC Financial Services Group Inc. raised its position in Smith & Wesson Brands by 162.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,320 shares of the company’s stock worth $40,000 after purchasing an additional 2,672 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Smith & Wesson Brands by 205.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company’s stock worth $54,000 after buying an additional 4,200 shares in the last quarter. CWM LLC boosted its position 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. Finally, Keynote Financial Services LLC bought a new position in Smith & Wesson Brands in the 2nd quarter valued at $95,000. Institutional investors and hedge funds 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.