Lake Street Reiterates Buy Rating on Smith & Wesson Brands, Inc.

Lake Street has reiterated its buy rating for Smith & Wesson Brands, Inc. (NasdaqGS: SWBI) with a price target of $16.5. This decision was announced on June 18, 2026. The stock is currently trading at $13.73.

Other Institutional Activity in Smith & Wesson

Several institutional investors have been active in Smith & Wesson. BlackRock, Inc. grew its holdings slightly by 2,380 shares, ending with 3,934,224 shares valued at about $56.38 million. Dimensional Fund Advisors LP added 143,069 shares, bringing its total to 2,616,319 shares worth approximately $37.49 million. On the other hand, Renaissance Technologies LLC reduced its position by 46,800 shares, leaving it with 2,150,074 shares valued at $30.81 million. Vanguard Capital Management LLC made a significant new entry with 1,856,880 shares valued at $26.61 million, while Two Sigma Investments, LP increased its position by 807,310 shares to hold 1,657,966 shares valued at $23.76 million.

Smith & Wesson Brands, Inc. Stock Up 17.0%

Shares of Smith & Wesson Brands, Inc. are trading near $13.73. The company has a market cap of approximately $610.9 million and a P/E ratio of 57.2. Its beta is 0.86, indicating lower volatility compared to the market. The stock's 52-week range is between $7.73 and $15.79. It has a 50-day moving average of $14.91 and a 200-day moving average of $11.78. The company's current ratio stands at 4.5, with a quick ratio of 1.35, and a debt-to-equity ratio of 29.86.

Recent Earnings

Smith & Wesson reported revenue of $486.2 million with a growth rate of 17.1%. The company posted an earnings per share (EPS) of $0.24, with a net margin of 2.24% and a return on equity (ROE) of 2.99%. The next earnings report is scheduled for June 17, 2026.

Insider Buying and Selling at Smith & Wesson Brands, Inc.

Insider activity at Smith & Wesson has seen significant transactions. On May 1, 2026, CEO Mark Peter Smith purchased 90,956 shares. Other executives, including Kevin Alden Maxwell and Deana McPherson, also engaged in transactions, selling shares at prices around $14.97 in early May 2026.

Analysts Set New Price Targets

On June 18, 2026, Lake Street maintained its buy rating for Smith & Wesson, setting a price target of $16.5. The consensus among analysts is a moderate buy with an average target price of $15.00 based on two analyst opinions.

About Smith & Wesson Brands, Inc.

Smith & Wesson Brands, Inc., based in Maryville, Tennessee, designs and manufactures firearms, including handguns, rifles, and related products. The company serves a wide range of customers, from firearm enthusiasts to law enforcement agencies, and markets its products through various channels, including independent dealers and digital advertising. Founded in 1852, Smith & Wesson operates in the Aerospace & Defense industry within the Industrials sector.

Bottom Line

Lake Street's reiteration of its buy rating for Smith & Wesson reflects continued confidence in the company's prospects. While stock ratings are backward-looking, investors often track these analyst opinions as part of their decision-making process. Smith & Wesson's stock performance, insider transactions, and institutional activity provide a comprehensive view of its current market standing.