Smith & Wesson Brands Inc logo

SWBI - Smith & Wesson Brands Inc News Story

$21.22 -0.3  -1.3%

Last Trade - 4:05pm

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £752.8m
Enterprise Value £656.7m
Revenue £804.3m
Position in Universe 2952nd / 7245

BUZZ-Smith & Wesson tanks while analysts duel it out

Thu 2nd September, 2021 6:49pm
** Shares of Smith & Wesson Brands Inc  SWBI.O  tumbling ~12% on
Thurs after the firearms maker's mixed qtrly report,
surrendering gains made during last year's pandemic lockdowns
 urn:newsml:reuters.com:*:nL1N2Q32M6
    ** Analysts had opposing reactions to the qtrly results,
with Wedbush's James Hardiman cutting his PT to $24 from $28,
and Craig-Callum's Steve Dyer raising his target to $25 from
$22. Stock last traded at ~$22
    ** "Despite positive near-term earnings dynamics, investors
have made it clear that they perceive SWBI to be a major
pandemic beneficiary, which puts downward pressure on the stock
over the course of 2021," Hardiman wrote in another note
    ** "SWBI continues to execute well amid the surge demand
environment reporting impressive margins, profitability and
FCF," Dyer wrote. Still, he maintained his "neutral" rating on
the belief that fundamentals have peaked
    ** Cowen's Cai von Rumohr called the report a "blowout Q1",
but he did not change his $38 PT
    ** SWBI now up 24% YTD vs Nasdaq's  .IXIC  19% increase
    ** Rival Sturm Ruger's  RGR.N  stock fell >3% on the session

 (Reporting by Noel Randewich)
 ((noel.randewich@tr.com; Twitter: @randewich;))
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