.September 4, 2024 07:00:01 AM

Smith & Wesson Brands, Inc. has been a leader in the firearms industry since 1852, catering to law enforcement, military agencies, and firearm enthusiasts. Despite industry challenges, the company has shown resilience, matching the S&P 500’s 46% return since March 2023. In FY24, Smith & Wesson reported a strong financial performance with net sales reaching $535 million, an 11.8% increase. The company aims to enhance shareholder value through strategic share buybacks in FY25 and improve margins following operational improvements from a recent relocation.

Analysts at Lake Street have set a price target of $22 for Smith & Wesson, reflecting confidence in the company’s strategic direction and financial health. Investors are advised to monitor the company’s upcoming announcements and market trends that could impact its stock performance. Smith & Wesson’s focus on innovation and market expansion has positioned it well for future growth despite industry challenges and regulatory changes.