Barclays PLC Purchases 56,800 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Barclays PLC increased its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 240.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,449 shares of the company's stock after purchasing an additional 56,800 shares during the period. Barclays PLC owned approximately 0.18% of Smith & Wesson Brands worth $1,046,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Millennium Management LLC purchased a new stake in shares of Smith & Wesson Brands in the second quarter worth approximately $4,354,000. GSA Capital Partners LLP raised its position in Smith & Wesson Brands by 380.9% in the 3rd quarter. GSA Capital Partners LLP now owns 62,197 shares of the company's stock valued at $807,000 after buying an additional 49,264 shares during the last quarter. Marshall Wace LLP purchased a new stake in Smith & Wesson Brands in the 2nd quarter valued at $4,129,000. Geode Capital Management LLC lifted its stake in Smith & Wesson Brands by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,067,955 shares of the company's stock valued at $13,865,000 after acquiring an additional 7,260 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Smith & Wesson Brands by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,798,009 shares of the company's stock worth $40,123,000 after acquiring an additional 72,500 shares during the last quarter. Institutional investors and hedge funds own 59.33% of the company's stock.

Analysts Set New Price Targets

SWBI has been the topic of a number of recent analyst reports. Craig Hallum lowered shares of Smith & Wesson Brands from a "buy" rating to a "hold" rating and dropped their price target for the company from $18.00 to $13.00 in a research report on Friday, December 6th. Lake Street Capital cut shares of Smith & Wesson Brands from a "buy" rating to a "hold" rating and dropped their target price for the stock from $18.00 to $13.00 in a research report on Friday, December 6th.

Smith & Wesson Brands Stock Performance

NASDAQ:SWBI traded up $0.04 during trading on Wednesday, reaching $10.14. The company's stock had a trading volume of 240,512 shares, compared to its average volume of 407,333. Smith & Wesson Brands, Inc. has a 12 month low of $9.68 and a 12 month high of $18.05. The firm has a market cap of $446.19 million, a price-to-earnings ratio of 13.00 and a beta of 1.02. The firm has a 50 day moving average of $11.68 and a 200-day moving average of $13.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 3.97.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.06). Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. The company had revenue of $129.70 million during the quarter, compared to analysts' expectations of $133.53 million. During the same period last year, the firm posted $0.14 earnings per share. Smith & Wesson Brands's quarterly revenue was up 3.8% compared to the same quarter last year. Research analysts expect that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 19th were issued a $0.13 dividend. The ex-dividend date was Thursday, December 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.13%. Smith & Wesson Brands's dividend payout ratio (DPR) is presently 66.67%.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.