Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Short Interest Update

Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Get Free Report) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,550,000 shares, a drop of 22.5% from the February 13th total of 2,000,000 shares. Based on an average daily trading volume, of 647,900 shares, the days-to-cover ratio is presently 2.4 days. Approximately 3.6% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SWBI. Craig Hallum lowered shares of Smith & Wesson Brands from a "buy" rating to a "hold" rating and reduced their target price for the company from $18.00 to $13.00 in a research note on Friday, December 6th. Lake Street Capital lowered their price objective on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a "buy" rating on the stock in a research note on Friday, March 7th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SWBI. Peapack Gladstone Financial Corp raised its position in Smith & Wesson Brands by 8.9% during the fourth quarter. Peapack Gladstone Financial Corp now owns 12,515 shares of the company's stock valued at $126,000 after buying an additional 1,018 shares during the period. MetLife Investment Management LLC grew its stake in Smith & Wesson Brands by 5.0% during the 4th quarter. MetLife Investment Management LLC now owns 27,408 shares of the company's stock valued at $277,000 after acquiring an additional 1,315 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Smith & Wesson Brands by 3.1% in the 4th quarter. LPL Financial LLC now owns 49,661 shares of the company's stock valued at $502,000 after purchasing an additional 1,482 shares during the period. Franklin Resources Inc. boosted its stake in shares of Smith & Wesson Brands by 5.8% during the 3rd quarter. Franklin Resources Inc. now owns 29,249 shares of the company's stock valued at $378,000 after buying an additional 1,598 shares during the period. Finally, Headlands Technologies LLC lifted its holdings in shares of Smith & Wesson Brands by 45.5% during the 4th quarter. Headlands Technologies LLC now owns 5,971 shares of the company's stock valued at $60,000 after buying an additional 1,867 shares during the last quarter. 59.33% of the stock is owned by hedge funds and other institutional investors.

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Smith & Wesson Brands Price Performance

Shares of Smith & Wesson Brands stock traded down $0.01 during trading on Friday, hitting $9.51. The stock had a trading volume of 726,546 shares, compared to its average volume of 457,525. The business has a fifty day moving average of $10.46 and a two-hundred day moving average of $11.78. Smith & Wesson Brands has a fifty-two week low of $9.17 and a fifty-two week high of $18.05. The firm has a market cap of $418.47 million, a P/E ratio of 12.19 and a beta of 1.09. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 1.43.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, meeting analysts' consensus estimates of $0.02. The company 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, sell-side analysts expect that Smith & Wesson Brands will post 0.47 earnings per share for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a $0.13 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.52 dividend on an annualized basis and a yield of 5.47%. Smith & Wesson Brands's dividend payout ratio is currently 80.00%.

About Smith & Wesson Brands

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.