Landscape Capital Management L.L.C. Makes New $1.83 Million Investment in Smith & Wesson Brands, Inc. $SWBI

Key Points

• Landscape Capital Management acquired 121,773 shares of Smith & Wesson Brands worth approximately $1.83 million, representing about 0.27% of the company. Institutional investors collectively own 59.33% of SWBI.
• Smith & Wesson reported quarterly earnings of $0.36 per share, beating estimates of $0.23, while revenue rose 26.7% year over year to $178.39 million.
• Analyst sentiment remains neutral, with a consensus “Hold” rating and an average price target of $16.50. The company also declared a $0.13 quarterly dividend, equivalent to a 3.7% annualized yield.

Landscape Capital Management L.L.C. bought a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 121,773 shares of the company's stock, valued at approximately $1,831,000. Landscape Capital Management L.L.C. owned approximately 0.27% of Smith & Wesson Brands as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. acquired a new position in Smith & Wesson Brands during the second quarter valued at approximately $61,549,000. Dimensional Fund Advisors LP increased its stake in shares of Smith & Wesson Brands by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,616,319 shares of the company's stock valued at $37,492,000 after purchasing an additional 143,069 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Smith & Wesson Brands by 25.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,311,503 shares of the company's stock valued at $12,945,000 after purchasing an additional 265,370 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Smith & Wesson Brands during the 3rd quarter worth $7,558,000. Finally, Two Sigma Investments LP raised its holdings in shares of Smith & Wesson Brands by 166.1% during the 3rd quarter. Two Sigma Investments LP now owns 753,964 shares of the company's stock worth $7,411,000 after buying an additional 470,602 shares in the last quarter. 59.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SWBI. Weiss Ratings lowered Smith & Wesson Brands from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, July 29th. Lake Street Capital boosted their target price on Smith & Wesson Brands from $14.00 to $16.50 and gave the stock a "buy" rating in a research note on Thursday, June 18th. Finally, Zacks Research raised shares of Smith & Wesson Brands to a "hold" rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $16.50.

Smith & Wesson Brands Stock Up 1.4%

Shares of Smith & Wesson Brands stock opened at $14.10 on Friday. The stock's 50-day moving average is $14.90 and its 200 day moving average is $14.32. Smith & Wesson Brands, Inc. has a one year low of $7.99 and a one year high of $17.56. The firm has a market cap of $632.24 million, a price-to-earnings ratio of 35.25 and a beta of 0.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.20 and a quick ratio of 1.13.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last issued its earnings results on Wednesday, June 17th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.13. Smith & Wesson Brands had a return on equity of 5.01% and a net margin of 3.53%.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 previous year, the company posted $0.20 earnings per share. The firm's revenue for the quarter was up 26.7% on a year-over-year basis. Equities research analysts anticipate that Smith & Wesson Brands, Inc. will post 0.55 EPS for the current year.

Smith & Wesson Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.52 annualized dividend and a yield of 3.7%. Smith & Wesson Brands's dividend payout ratio (DPR) is presently 130.00%.

Smith & Wesson Brands Profile

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.

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