Raymond James Financial Inc. Invests $568,000 in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Raymond James Financial Inc. bought a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 56,219 shares of the company's stock, valued at approximately $568,000. Raymond James Financial Inc. owned approximately 0.13% of Smith & Wesson Brands at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Peapack Gladstone Financial Corp grew its stake in Smith & Wesson Brands by 8.9% during the 4th quarter. Peapack Gladstone Financial Corp now owns 12,515 shares of the company's stock valued at $126,000 after purchasing an additional 1,018 shares in the last quarter. LPL Financial LLC grew its holdings in Smith & Wesson Brands by 3.1% during the 4th quarter. LPL Financial LLC now owns 49,661 shares of the company's stock worth $502,000 after acquiring an additional 1,482 shares in the last quarter. Headlands Technologies LLC grew its stake in Smith & Wesson Brands by 45.5% in the fourth quarter. Headlands Technologies LLC now owns 5,971 shares of the company's stock worth $60,000 after purchasing an additional 1,867 shares in the last quarter. SG Americas Securities LLC increased its holdings in Smith & Wesson Brands by 11.8% in the fourth quarter. SG Americas Securities LLC now owns 17,795 shares of the company's stock valued at $180,000 after buying an additional 1,872 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Smith & Wesson Brands by 19.5% during the 4th quarter. Larson Financial Group LLC now owns 12,161 shares of the company's stock valued at $123,000 after acquiring an additional 1,983 shares in the last quarter. 59.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital lowered their price objective 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.

Smith & Wesson Brands Stock Performance

Shares of Smith & Wesson Brands stock traded up $0.08 during trading on Wednesday, hitting $9.78. 147,250 shares of the stock were exchanged, compared to its average volume of 489,747. The stock's fifty day moving average is $9.38 and its 200 day moving average is $10.71. Smith & Wesson Brands, Inc. has a 12 month low of $8.38 and a 12 month high of $16.89. The stock has a market cap of $430.35 million, a PE ratio of 12.53 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.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. The business had revenue of $115.89 million during the quarter, compared to analyst estimates of $119.46 million. As a group, sell-side analysts anticipate that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current year.

Smith & Wesson Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.32%. Smith & Wesson Brands's dividend payout ratio is 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.