Smith & Wesson Brands (NASDAQ:SWBI) Lowered to Hold Rating by Craig Hallum

Craig Hallum downgraded shares of Smith & Wesson Brands (NASDAQ:SWBI - Free Report) from a buy rating to a hold rating in a report released on Friday, MarketBeat Ratings reports. They currently have $13.00 target price on the stock, down from their prior target price of $18.00.

Smith & Wesson Brands Price Performance

Shares of NASDAQ:SWBI traded down $2.77 during midday trading on Friday, hitting $10.86. 5,076,905 shares of the stock were exchanged, compared to its average volume of 386,466. Smith & Wesson Brands has a twelve month low of $10.43 and a twelve month high of $18.05. The company has a current ratio of 3.54, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average price of $13.19 and a 200-day moving average price of $14.31. The stock has a market cap of $487.07 million, a P/E ratio of 13.92 and a beta of 0.96.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last issued its quarterly earnings data 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 9.20% and a net margin of 6.74%. The business had revenue of $129.70 million for the quarter, compared to analysts' expectations of $133.53 million. During the same period last year, the business earned $0.14 earnings per share. The company's revenue for the quarter was up 3.8% on a year-over-year basis. On average, research analysts forecast that Smith & Wesson Brands will post 0.73 earnings per share for the current year.

Smith & Wesson Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 19th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Thursday, December 19th. Smith & Wesson Brands's dividend payout ratio (DPR) is 66.67%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SWBI. Quarry LP raised its position in shares of Smith & Wesson Brands by 2,773.0% in the 2nd quarter. Quarry LP now owns 2,126 shares of the company's stock worth $30,000 after buying an additional 2,052 shares during the period. Blue Trust Inc. grew its position in Smith & Wesson Brands by 311.0% during the second quarter. Blue Trust Inc. now owns 2,133 shares of the company's stock valued at $31,000 after acquiring an additional 1,614 shares during the period. International Assets Investment Management LLC increased its stake in Smith & Wesson Brands by 1,198.2% during the third quarter. International Assets Investment Management LLC now owns 2,908 shares of the company's stock worth $38,000 after acquiring an additional 2,684 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of Smith & Wesson Brands by 823.8% in the 3rd quarter. NBC Securities Inc. now owns 4,000 shares of the company's stock worth $51,000 after purchasing an additional 3,567 shares during the period. Finally, Copeland Capital Management LLC purchased a new position in shares of Smith & Wesson Brands in the 3rd quarter worth about $52,000. 59.33% of the stock is currently owned by hedge funds and other institutional investors.

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.