Victory Capital Management Inc. Sells 37,765 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Victory Capital Management Inc. reduced its position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 75.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,518 shares of the company's stock after selling 37,765 shares during the period. Victory Capital Management Inc.'s holdings in Smith & Wesson Brands were worth $126,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Smith & Wesson Brands by 18.0% during the 4th quarter. Bank of New York Mellon Corp now owns 525,374 shares of the company's stock worth $5,309,000 after buying an additional 80,235 shares during the last quarter. Barclays PLC boosted its position in Smith & Wesson Brands by 240.2% during the third quarter. Barclays PLC now owns 80,449 shares of the company's stock valued at $1,046,000 after purchasing an additional 56,800 shares during the last quarter. Paloma Partners Management Co acquired a new position in Smith & Wesson Brands during the third quarter valued at approximately $394,000. Verition Fund Management LLC bought a new position in Smith & Wesson Brands in the third quarter valued at approximately $369,000. Finally, Private Advisor Group LLC acquired a new position in shares of Smith & Wesson Brands during the 4th quarter worth approximately $271,000. 59.33% of the stock is currently owned by institutional investors.

Smith & Wesson Brands Stock Performance

Shares of NASDAQ SWBI traded up $0.02 during midday trading on Thursday, hitting $9.50. 367,444 shares of the company's stock were exchanged, compared to its average volume of 458,958. Smith & Wesson Brands, Inc. has a 12 month low of $9.17 and a 12 month high of $17.99. The company's 50 day moving average price is $10.41 and its 200 day moving average price is $11.63. 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 firm has a market capitalization of $418.03 million, a PE ratio of 12.18 and a beta of 1.09.

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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 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.02. The company had revenue of $115.89 million during the quarter, compared to analysts' expectations of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. As a group, analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given 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 5.47%. Smith & Wesson Brands's dividend payout ratio is currently 80.00%.

Analysts Set New Price Targets

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

Smith & Wesson Brands 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.