Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 84.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 62,296 shares of the company's stock after acquiring an additional 28,556 shares during the period. Teacher Retirement System of Texas owned approximately 0.14% of Smith & Wesson Brands worth $630,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IMG Wealth Management Inc. purchased a new stake in shares of Smith & Wesson Brands during the fourth quarter worth about $44,000. Jones Financial Companies Lllp increased its holdings in Smith & Wesson Brands by 238.6% during the 4th quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company's stock worth $50,000 after purchasing an additional 3,476 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Smith & Wesson Brands in the 4th quarter valued at approximately $81,000. Sanctuary Advisors LLC purchased a new position in shares of Smith & Wesson Brands during the 4th quarter valued at approximately $114,000. Finally, Peapack Gladstone Financial Corp acquired a new stake in shares of Smith & Wesson Brands during the third quarter worth approximately $149,000. Hedge funds and other institutional investors own 59.33% of the company's stock.

Smith & Wesson Brands Stock Performance

Shares of SWBI traded down $0.47 during mid-day trading on Thursday, hitting $9.03. The stock had a trading volume of 823,784 shares, compared to its average volume of 468,333. Smith & Wesson Brands, Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $17.99. 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 company has a market cap of $397.35 million, a PE ratio of 11.58 and a beta of 1.09. The company's fifty day simple moving average is $10.28 and its two-hundred day simple moving average is $11.50.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.02 EPS for the quarter, hitting analysts' consensus estimates 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, equities analysts expect that Smith & Wesson Brands, Inc. will post 0.47 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, April 3rd. Investors of record on Thursday, March 20th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, March 20th. This represents a $0.52 annualized dividend and a yield of 5.76%. Smith & Wesson Brands's dividend payout ratio (DPR) is 80.00%.

Wall Street Analyst Weigh In

SWBI has been the topic of several recent analyst reports. Craig Hallum cut shares of Smith & Wesson Brands from a "buy" rating to a "hold" rating and cut their price target for the company from $18.00 to $13.00 in a report on Friday, December 6th. Lake Street Capital dropped their target price on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a "buy" rating for the company in a research report on Friday, March 7th.

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.