Charles Schwab Investment Management Inc. Sells 157,394 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Charles Schwab Investment Management Inc. reduced its stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 22.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 536,257 shares of the company's stock after selling 157,394 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.22% of Smith & Wesson Brands worth $5,419,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its position in Smith & Wesson Brands by 238.6% during the fourth quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company's stock valued at $50,000 after acquiring an additional 3,476 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Smith & Wesson Brands in the 4th quarter valued at $114,000. EMC Capital Management grew its holdings in shares of Smith & Wesson Brands by 144.4% during the 4th quarter. EMC Capital Management now owns 13,698 shares of the company's stock valued at $138,000 after purchasing an additional 8,094 shares during the last quarter. Peapack Gladstone Financial Corp purchased a new position in Smith & Wesson Brands in the 3rd quarter worth $149,000. Finally, Intech Investment Management LLC bought a new stake in Smith & Wesson Brands in the third quarter worth $163,000. 59.33% of the stock is owned by institutional investors.

Smith & Wesson Brands Trading Down 1.6 %

NASDAQ:SWBI traded down $0.15 during midday trading on Friday, reaching $9.35. 444,958 shares of the stock traded hands, compared to its average volume of 465,968. The stock has a market capitalization of $411.43 million, a P/E ratio of 11.99 and a beta of 1.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 3.97. The company has a fifty day moving average of $10.37 and a 200 day moving average of $11.59. Smith & Wesson Brands, Inc. has a 12 month low of $9.17 and a 12 month high of $17.99.

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Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The firm 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%. On average, research analysts predict that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current year.

Smith & Wesson Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.56%. Smith & Wesson Brands's dividend payout ratio is currently 80.00%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Craig Hallum cut Smith & Wesson Brands from a "buy" rating to a "hold" rating and reduced their price objective for the company from $18.00 to $13.00 in a research note on Friday, December 6th. Lake Street Capital reduced their price target on 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.

Smith & Wesson Brands Company 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.