Arrowstreet Capital Limited Partnership increased its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 68.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 364,994 shares of the company's stock after buying an additional 147,795 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.82% of Smith & Wesson Brands worth $5,230,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SWBI. Caitong International Asset Management Co. Ltd acquired a new position in shares of Smith & Wesson Brands in the 4th quarter valued at about $30,000. Tower Research Capital LLC TRC increased its position in Smith & Wesson Brands by 205.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company's stock worth $54,000 after purchasing an additional 4,200 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new position in Smith & Wesson Brands in the fourth quarter valued at approximately $107,000. Dynamic Technology Lab Private Ltd purchased a new position in Smith & Wesson Brands in the fourth quarter valued at approximately $110,000. Finally, Rafferty Asset Management LLC lifted its position in Smith & Wesson Brands by 12.2% during the second quarter. Rafferty Asset Management LLC now owns 11,403 shares of the company's stock valued at $99,000 after buying an additional 1,237 shares in the last quarter. 59.33% of the stock is currently owned by institutional investors and hedge funds.
Smith & Wesson Brands Stock Performance
SWBI opened at $14.55 on Monday. The firm's 50 day moving average is $15.10 and its 200-day moving average is $13.97. Smith & Wesson Brands, Inc. has a 52-week low of $7.73 and a 52-week high of $17.56. The company has a quick ratio of 1.13, a current ratio of 3.20 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $650.78 million, a P/E ratio of 36.38 and a beta of 0.84.
Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last announced its earnings results on Wednesday, June 17th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.13. Smith & Wesson Brands had a net margin of 3.53% and a return on equity of 5.01%. The business had revenue of $178.39 million during the quarter, compared to the consensus estimate of $155.27 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The business's quarterly revenue was up 26.7% compared to the same quarter last year. Analysts expect that Smith & Wesson Brands, Inc. will post 0.55 EPS for the current fiscal year.
Smith & Wesson Brands Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were paid a $0.13 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $0.52 annualized dividend and a dividend yield of 3.6%. Smith & Wesson Brands's payout ratio is 130.00%.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on SWBI. Zacks Research raised shares of Smith & Wesson Brands to a "hold" rating in a research report on Tuesday, June 23rd. Lake Street Capital lifted their target price on shares of Smith & Wesson Brands from $14.00 to $16.50 and gave the company a "buy" rating in a report on Thursday, June 18th. Finally, Weiss Ratings cut shares of Smith & Wesson Brands from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Smith & Wesson Brands presently has a consensus rating of "Hold" and an average target price of $16.50.
Read Our Latest Stock Analysis on SWBI
Smith & Wesson Brands Company Profile
(
Free Report)
Smith & Wesson Brands, Inc is a leading American manufacturer of firearms and related products, designing, producing and marketing a broad array of handguns, long guns and shooting accessories. The company’s portfolio includes revolvers, semi-automatic pistols and rifles under well-known brands such as M&P® (Military & Police) and Performance Center®, which are used by military, law enforcement, commercial and private customers. In addition to complete firearms, Smith & Wesson offers suppressors, optics mounts, holsters and other shooting accessories to support a full spectrum of professional and recreational shooting activities.
Founded in 1852 by Horace Smith and Daniel B.
See Also
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