Smith & Wesson has matched the S&P 500’s 46% return since March 2023, showcasing its resilience and strategic planning.
The company’s FY24 financial performance highlighted an 11.8% increase in net sales, reaching $535 million.

Smith & Wesson Brands, Inc. (NASDAQ:SWBI), a longstanding leader in the firearms industry, has recently been the subject of varied stock analysis and market speculation. Founded in 1852, the company has built a diverse product portfolio that appeals to a wide range of customers, including law enforcement, military agencies, and firearm enthusiasts. Despite the challenges faced by the industry, including regulatory changes and market volatility, Smith & Wesson has continued to innovate and expand its market presence.
Smith & Wesson has matched the S&P 500’s 46% return since March 2023, a testament to its resilience and strategic planning. The company’s financial performance for FY24 has been robust, with revenues hitting the high end of forecasts at $535 million, marking an 11.8% increase in net sales. This growth, however, has been tempered by a slight decrease in gross margins, highlighting the competitive and operational challenges the company faces.
Looking ahead, Smith & Wesson is focusing on enhancing shareholder value through strategic share buybacks in FY25. This initiative is expected to reduce the share count and support total returns, demonstrating the company’s commitment to its shareholders. Additionally, operational improvements following the company’s recent relocation are anticipated to further improve margins, indicating a positive outlook for the company’s financial health.
Lake Street’s price target of $22 for Smith & Wesson reflects confidence in the company’s strategic direction and financial health. Investors and stakeholders are encouraged to keep a close eye on the company’s forthcoming announcements and market trends that could influence its stock performance.