Barclays PLC grew its stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 240.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,449 shares of the company's stock after purchasing an additional 56,800 shares during the quarter. 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 recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in Smith & Wesson Brands by 68.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 15,582 shares of the company's stock valued at $223,000 after buying an additional 6,326 shares during the period. nVerses Capital LLC bought a new position in Smith & Wesson Brands in the second quarter worth approximately $130,000. Rhumbline Advisers grew its stake in Smith & Wesson Brands by 0.8% in the second quarter. Rhumbline Advisers now owns 79,360 shares of the company's stock worth $1,138,000 after purchasing an additional 655 shares in the last quarter. Quest Partners LLC purchased a new position in Smith & Wesson Brands during the 2nd quarter worth $340,000. Finally, Wedbush Securities Inc. raised its position in Smith & Wesson Brands by 14.0% during the 2nd quarter. Wedbush Securities Inc. now owns 16,250 shares of the company's stock valued at $233,000 after purchasing an additional 2,000 shares in the last quarter. 59.33% of the stock is currently owned by institutional investors.
Smith & Wesson Brands Stock Up 3.2 %
SWBI stock traded up $0.31 during trading on Tuesday, hitting $10.10. 626,948 shares of the company's stock traded hands, compared to its average volume of 454,325. The firm has a market capitalization of $444.43 million, a P/E ratio of 12.95 and a beta of 0.96. Smith & Wesson Brands, Inc. has a 1 year low of $9.68 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 business has a fifty day simple moving average of $12.33 and a two-hundred day simple moving average of $13.60.
Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.06). The company had revenue of $129.70 million for the quarter, compared to the consensus estimate of $133.53 million. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. The firm's revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.14 EPS. Sell-side analysts anticipate that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current year.
Smith & Wesson Brands Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 19th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend is Thursday, December 19th. Smith & Wesson Brands's payout ratio is 66.67%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Craig Hallum downgraded Smith & Wesson Brands from a "buy" rating to a "hold" rating and dropped their price target for the stock from $18.00 to $13.00 in a research report on Friday, December 6th. Lake Street Capital lowered shares of Smith & Wesson Brands from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $18.00 to $13.00 in a research note on Friday, December 6th.
Check Out Our Latest Stock Report on Smith & Wesson Brands
About Smith & Wesson Brands
(
Free Report)
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.
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