56,219 Shares in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 56,219 shares of the company's stock, valued at approximately $568,000. Raymond James Financial Inc. owned about 0.13% of Smith & Wesson Brands as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. IMG Wealth Management Inc. purchased a new stake in shares of Smith & Wesson Brands in the 4th quarter valued at approximately $44,000. Jones Financial Companies Lllp boosted its holdings in Smith & Wesson Brands by 238.6% in the fourth quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company's stock valued at $50,000 after purchasing an additional 3,476 shares in the last quarter. Headlands Technologies LLC raised its stake in Smith & Wesson Brands by 45.5% during the 4th quarter. Headlands Technologies LLC now owns 5,971 shares of the company's stock worth $60,000 after acquiring an additional 1,867 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Smith & Wesson Brands in the 4th quarter valued at about $81,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Smith & Wesson Brands during the fourth quarter worth approximately $91,000. 59.33% of the stock is owned by hedge funds and other institutional investors.

Smith & Wesson Brands Price Performance

Smith & Wesson Brands stock remained flat at $9.42 during midday trading on Friday. The company had a trading volume of 259,167 shares, compared to its average volume of 491,302. The stock has a fifty day simple moving average of $9.43 and a two-hundred day simple moving average of $10.75. Smith & Wesson Brands, Inc. has a 12-month low of $8.38 and a 12-month high of $16.89. 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 market cap of $414.51 million, a P/E ratio of 12.08 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates of $0.02. The company had revenue of $115.89 million for the quarter, compared to analysts' expectations of $119.46 million. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. On average, analysts expect that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date of this dividend was Thursday, March 20th. Smith & Wesson Brands's dividend payout ratio is 80.00%.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital reduced 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 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.