Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 28.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,546,504 shares of the company's stock after selling 1,016,107 shares during the quarter. Vanguard Group Inc. owned about 5.79% of Smith & Wesson Brands worth $25,732,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in Smith & Wesson Brands by 3.1% in the fourth quarter. LPL Financial LLC now owns 49,661 shares of the company's stock valued at $502,000 after acquiring an additional 1,482 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Smith & Wesson Brands during the fourth quarter worth about $91,000. Virtu Financial LLC acquired a new position in shares of Smith & Wesson Brands in the 4th quarter valued at approximately $211,000. Teacher Retirement System of Texas raised its holdings in Smith & Wesson Brands by 84.6% in the fourth quarter. Teacher Retirement System of Texas now owns 62,296 shares of the company's stock valued at $630,000 after acquiring an additional 28,556 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Smith & Wesson Brands in the 4th quarter valued at about $331,000. 59.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Lake Street Capital reduced their price target on shares of 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 Stock Performance

NASDAQ:SWBI traded up $0.20 during mid-day trading on Friday, hitting $9.37. The stock had a trading volume of 346,371 shares, compared to its average volume of 480,426. The company has a current ratio of 3.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The company has a 50 day simple moving average of $9.86 and a 200-day simple moving average of $11.13. The stock has a market capitalization of $412.31 million, a price-to-earnings ratio of 12.01 and a beta of 1.09. Smith & Wesson Brands, Inc. has a 52 week low of $8.38 and a 52 week high of $17.33.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The business 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 expect that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.52 annualized dividend and a yield of 5.55%. Smith & Wesson Brands's dividend payout ratio is currently 80.00%.

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.