Lazard Asset Management LLC Invests $2.05 Million in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Lazard Asset Management LLC acquired 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 Form 13F filing with the SEC. The firm acquired 202,832 shares of the company's stock, valued at approximately $2,049,000. Lazard Asset Management LLC owned approximately 0.46% of Smith & Wesson Brands as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Smith & Wesson Brands by 9.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 131,566 shares of the company's stock worth $1,708,000 after buying an additional 11,006 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Smith & Wesson Brands by 95,180.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 19,056 shares of the company's stock worth $195,000 after buying an additional 19,036 shares during the period. SG Americas Securities LLC lifted its holdings in Smith & Wesson Brands by 11.8% during the 4th quarter. SG Americas Securities LLC now owns 17,795 shares of the company's stock worth $180,000 after buying an additional 1,872 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Smith & Wesson Brands by 26.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 28,628 shares of the company's stock worth $289,000 after buying an additional 5,914 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Smith & Wesson Brands by 35.0% during the 4th quarter. Blue Trust Inc. now owns 17,120 shares of the company's stock worth $173,000 after buying an additional 4,441 shares during the period. Institutional investors and hedge funds own 59.33% of the company's stock.

Smith & Wesson Brands Trading Down 0.6%

SWBI traded down $0.06 during midday trading on Friday, hitting $9.40. 289,612 shares of the company were exchanged, compared to its average volume of 492,849. The firm's 50 day moving average price is $9.36 and its 200-day moving average price is $10.52. Smith & Wesson Brands, Inc. has a 1-year low of $8.38 and a 1-year high of $16.89. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $413.63 million, a P/E ratio of 12.05 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, hitting 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 firm had revenue of $115.89 million during the quarter, compared to analyst estimates of $119.46 million. As a group, equities analysts forecast that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 5.53%. The ex-dividend date was Thursday, March 20th. Smith & Wesson Brands's dividend payout ratio (DPR) is presently 80.00%.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital cut their target price on Smith & Wesson Brands from $13.00 to $12.50 and set a "buy" rating on the stock in a report on Friday, March 7th.

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.