The stock of Smith & Wesson Brands Inc. (NASDAQ:SWBI) last traded at $10.39, down -1.80% from the previous session.
Data from the available sources indicates that Smith & Wesson Brands Inc. (NASDAQ:SWBI) is covered by 3 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $12.00, we find $13.50. Given the previous closing price of $10.58, this indicates a potential upside of 27.6 percent. SWBI stock price is now 0.56% away from the 50-day moving average and -13.11% away from the 200-day moving average. The market capitalization of the company currently stands at $461.42M.
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In total, 1 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $15.17 as their price target over the next twelve months.
With the price target reduced from $22 to $13.50, Lake Street maintained Buy rating for Smith & Wesson Brands Inc. (NASDAQ: SWBI). On December 03, 2021, Cowen Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock reducing its target price from $38 to quote $22, while ‘Craig Hallum’ rates the stock as ‘Hold’.
In other news, SCOTT ROBERT L, Director sold 4,000 shares of the company’s stock on Feb 15. The stock was sold for $43,502 at an average price of $10.88. Upon completion of the transaction, the Director now directly owns 75,073 shares in the company, valued at $0.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 17, Director SCOTT ROBERT L sold 4,000 shares of the business’s stock. A total of $40,891 was realized by selling the stock at an average price of $10.22. This leaves the insider owning 79,073 shares of the company worth $0.82 million. Insiders disposed of 42,810 shares of company stock worth roughly $0.44 million over the past 1 year. A total of 1.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SWBI stock. A new stake in Smith & Wesson Brands Inc. shares was purchased by BOSTON PARTNERS during the first quarter worth $776,000. MONACO ASSET MANAGEMENT SAM invested $312,000 in shares of SWBI during the first quarter. In the first quarter, VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in Smith & Wesson Brands Inc. valued at approximately $294,000. XTX TOPCO LTD acquired a new stake in SWBI for approximately $282,000. BANK OF MONTREAL /CAN/ purchased a new stake in SWBI valued at around $181,000 in the second quarter. In total, there are 277 active investors with 59.10% ownership of the company’s stock.
With an opening price of $10.58 on Thursday morning, Smith & Wesson Brands Inc. (NASDAQ: SWBI) set off the trading day. During the past 12 months, Smith & Wesson Brands Inc. has had a low of $8.20 and a high of $16.97. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 3.20, and a quick ratio of 1.10. The fifty day moving average price for SWBI is $10.33 and a two-hundred day moving average price translates $11.96 for the stock.
The latest earnings results from Smith & Wesson Brands Inc. (NASDAQ: SWBI) was released for Oct, 2022. According to the Aerospace & Defense Company, earnings per share came in at $0.21, missing analysts’ expectations of $0.4 by -0.19. This compares to $1.05 EPS in the same period last year. The net profit margin was 14.10% and return on equity was 22.50% for SWBI. The company reported revenue of $121.03 million for the quarter, compared to $230.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -47.49 percent. For the current quarter, analysts expect SWBI to generate $125.35M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/03/2023. Investors who held shares on 12/20/2022 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 3.85% percent yield. There was an ex-dividend date of 12/19/2022 for this dividend. In terms of dividend payout ratio, SWBI is presently at 20.80%.
Smith & Wesson Brands Inc.(SWBI) Company Profile
Smith & Wesson Brands, Inc. designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands. It also provides manufacturing services comprising forging, heat treating, rapid prototyping, tooling, finishing, plating, machining, and custom plastic injection molding to other businesses under the Smith & Wesson and Smith & Wesson Precision Components brand names; and sells parts purchased through third parties. The company sells its products to firearm enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement, security agencies and officers, and military agencies. It markets its products through independent dealers, retailers, in-store retails, and direct to consumers; print, broadcast, and digital advertising campaigns; social and electronic media; and in-store retail merchandising strategies. Smith & Wesson Brands, Inc. was founded in 1852 and is based in Springfield, Massachusetts.
