Smith & Wesson Brands (NASDAQ:SWBI) Trading 5.6% Higher - Here's Why

Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Get Free Report) traded up 5.6% during trading on Monday . The company traded as high as $13.91 and last traded at $13.90. 129,924 shares were traded during mid-day trading, a decline of 67% from the average session volume of 393,212 shares. The stock had previously closed at $13.16.

Smith & Wesson Brands Stock Performance

The company has a market cap of $608.17 million, a price-to-earnings ratio of 18.32 and a beta of 1.00. 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 stock's fifty day simple moving average is $13.34 and its 200 day simple moving average is $14.87.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The company reported ($0.02) EPS for the quarter, meeting analysts' consensus estimates of ($0.02). Smith & Wesson Brands had a net margin of 6.74% and a return on equity of 9.20%. The company had revenue of $88.33 million during the quarter, compared to the consensus estimate of $102.52 million. During the same quarter in the prior year, the firm earned $0.13 EPS. Smith & Wesson Brands's quarterly revenue was down 22.7% on a year-over-year basis.

Smith & Wesson Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 3.83%. Smith & Wesson Brands's dividend payout ratio (DPR) is 70.27%.

Hedge Funds Weigh In On Smith & Wesson Brands

A number of hedge funds have recently made changes to their positions in SWBI. Allspring Global Investments Holdings LLC boosted its position in shares of Smith & Wesson Brands by 1,653.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,256 shares of the company's stock worth $161,000 after purchasing an additional 8,728 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Smith & Wesson Brands by 15.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 32,704 shares of the company's stock worth $568,000 after purchasing an additional 4,496 shares during the period. Empowered Funds LLC boosted its position in shares of Smith & Wesson Brands by 8.1% during the 1st quarter. Empowered Funds LLC now owns 65,131 shares of the company's stock worth $1,131,000 after purchasing an additional 4,900 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Smith & Wesson Brands by 110.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 27,643 shares of the company's stock worth $480,000 after purchasing an additional 14,533 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Smith & Wesson Brands by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 3,616,996 shares of the company's stock worth $62,791,000 after purchasing an additional 47,009 shares during the period. Hedge funds and other institutional investors own 59.33% of the company's stock.

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.