Smith & Wesson Brands, Inc. $SWBI Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in Smith & Wesson Brands by 20.3%, holding 778,388 shares valued at approximately $7.26 million as of its latest SEC filing.
• The company's recent earnings report showed a missed consensus estimate for EPS, reporting $0.20 against an expected $0.23, and a year-over-year revenue decline of 11.6%.
• Analysts have revised their ratings, with Wall Street Zen downgrading the stock from "hold" to "sell" and setting a new price target of $11.00.

American Century Companies Inc. reduced its holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 20.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 778,388 shares of the company's stock after selling 198,798 shares during the quarter. American Century Companies Inc. owned approximately 1.77% of Smith & Wesson Brands worth $7,255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SWBI. Lazard Asset Management LLC acquired a new stake in Smith & Wesson Brands during the fourth quarter worth about $2,049,000. Nuveen LLC acquired a new stake in shares of Smith & Wesson Brands in the first quarter valued at about $1,199,000. Dimensional Fund Advisors LP boosted its holdings in Smith & Wesson Brands by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,063,973 shares of the company's stock valued at $30,960,000 after purchasing an additional 104,128 shares during the last quarter. Lesa Sroufe & Co purchased a new position in Smith & Wesson Brands in the first quarter valued at about $735,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Smith & Wesson Brands in the fourth quarter valued at about $686,000. 59.33% of the stock is currently owned by institutional investors and hedge funds.

Smith & Wesson Brands Stock Performance

Shares of Smith & Wesson Brands stock traded down $0.04 on Tuesday, reaching $8.13. 863,465 shares of the company were exchanged, compared to its average volume of 645,143. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.31 and a current ratio of 4.16. The company's 50-day moving average is $8.26 and its two-hundred day moving average is $9.23. The firm has a market cap of $357.72 million, a price-to-earnings ratio of 30.11 and a beta of 0.95. Smith & Wesson Brands, Inc. has a 1-year low of $7.73 and a 1-year high of $14.76.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last announced its quarterly earnings results on Wednesday, June 18th. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.03). The company had revenue of $140.76 million for the quarter, compared to analyst estimates of $152.41 million. Smith & Wesson Brands had a return on equity of 3.71% and a net margin of 2.60%.The firm's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. As a group, research analysts expect that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Monday, July 7th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 6.4%. The ex-dividend date was Monday, July 7th. Smith & Wesson Brands's dividend payout ratio (DPR) is currently 192.59%.

Wall Street Analysts Forecast Growth

SWBI has been the topic of a number of research analyst reports. Lake Street Capital reduced their target price on Smith & Wesson Brands from $12.50 to $11.00 and set a "buy" rating on the stock in a report on Monday, June 23rd. Zacks Research raised Smith & Wesson Brands from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen downgraded Smith & Wesson Brands from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Smith & Wesson Brands has a consensus rating of "Hold" and an average target price of $12.00.

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.