Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 18.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 525,374 shares of the company's stock after acquiring an additional 80,235 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.19% of Smith & Wesson Brands worth $5,309,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Smith & Wesson Brands by 240.2% during the 3rd quarter. Barclays PLC now owns 80,449 shares of the company's stock worth $1,046,000 after acquiring an additional 56,800 shares in the last quarter. Paloma Partners Management Co acquired a new position in Smith & Wesson Brands in the third quarter valued at approximately $394,000. Verition Fund Management LLC purchased a new position in Smith & Wesson Brands in the third quarter valued at approximately $369,000. Private Advisor Group LLC acquired a new stake in Smith & Wesson Brands during the fourth quarter worth approximately $271,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Smith & Wesson Brands by 95,180.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 19,056 shares of the company's stock worth $195,000 after buying an additional 19,036 shares during the last quarter. Hedge funds and other institutional investors own 59.33% of the company's stock.

Smith & Wesson Brands Stock Performance

NASDAQ:SWBI traded down $0.03 during trading hours on Friday, reaching $9.50. 388,958 shares of the company's stock were exchanged, compared to its average volume of 457,523. Smith & Wesson Brands, Inc. has a 1-year low of $9.17 and a 1-year high of $18.05. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $417.81 million, a price-to-earnings ratio of 12.17 and a beta of 1.09. The company has a 50-day moving average of $10.46 and a 200 day moving average of $11.78.

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

Smith & Wesson Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date is Thursday, March 20th. Smith & Wesson Brands's payout ratio is currently 80.00%.

Analysts Set New Price Targets

A number of research analysts recently commented on SWBI shares. Lake Street Capital dropped their target price on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a "buy" rating on the stock in a research report on Friday, March 7th. Craig Hallum cut Smith & Wesson Brands from a "buy" rating to a "hold" rating and cut their target price for the stock from $18.00 to $13.00 in a research report on Friday, December 6th.

Smith & Wesson Brands 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.