Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lessened its holdings in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 599,397 shares of the company's stock after selling 40,273 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.36% of Smith & Wesson Brands worth $6,057,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. IMG Wealth Management Inc. acquired a new stake in shares of Smith & Wesson Brands in the fourth quarter valued at approximately $44,000. Jones Financial Companies Lllp increased its stake in shares of Smith & Wesson Brands by 238.6% in the 4th quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company's stock worth $50,000 after acquiring an additional 3,476 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Smith & Wesson Brands in the 4th quarter worth $81,000. KLP Kapitalforvaltning AS purchased a new position in shares of Smith & Wesson Brands during the 4th quarter worth $91,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Smith & Wesson Brands during the 4th quarter valued at about $114,000. 59.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Lake Street Capital cut their price objective on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a "buy" rating for the company in a research report on Friday, March 7th.

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Smith & Wesson Brands Trading Up 4.7 %

SWBI traded up $0.41 during trading hours on Friday, reaching $9.14. The company's stock had a trading volume of 479,680 shares, compared to its average volume of 476,427. The stock has a market cap of $402.19 million, a PE ratio of 11.72 and a beta of 1.09. Smith & Wesson Brands, Inc. has a fifty-two week low of $8.38 and a fifty-two week high of $17.33. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 1.43. The business's 50-day moving average is $10.00 and its 200-day moving average is $11.26.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $115.89 million for the quarter, compared to analyst estimates of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. As a group, equities research analysts predict that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 5.69%. The ex-dividend date of this dividend was Thursday, March 20th. Smith & Wesson Brands's dividend payout ratio (DPR) is presently 80.00%.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm's brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.