Lesa Sroufe & Co Takes Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Lesa Sroufe & Co purchased a new position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 78,868 shares of the company's stock, valued at approximately $735,000. Lesa Sroufe & Co owned about 0.18% of Smith & Wesson Brands at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. IMG Wealth Management Inc. bought a new stake in shares of Smith & Wesson Brands in the 4th quarter valued at about $44,000. Spurstone Advisory Services LLC acquired a new position in Smith & Wesson Brands during the fourth quarter valued at approximately $47,000. Jones Financial Companies Lllp increased its stake 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. Caption Management LLC bought a new stake in Smith & Wesson Brands in the fourth quarter valued at approximately $51,000. Finally, Byrne Asset Management LLC raised its holdings in Smith & Wesson Brands by 145.0% in the first quarter. Byrne Asset Management LLC now owns 5,391 shares of the company's stock worth $50,000 after purchasing an additional 3,191 shares during the period. 59.33% of the stock is currently owned by institutional investors and hedge funds.

Smith & Wesson Brands Stock Down 19.8%

Shares of NASDAQ:SWBI traded down $2.15 during midday trading on Friday, reaching $8.73. 7,318,620 shares of the company were exchanged, compared to its average volume of 534,825. The firm has a market cap of $384.12 million, a PE ratio of 32.33 and a beta of 1.01. Smith & Wesson Brands, Inc. has a fifty-two week low of $8.38 and a fifty-two week high of $16.85. The stock has a fifty day simple moving average of $9.69 and a two-hundred day simple moving average of $10.09. The company has a quick ratio of 1.56, a current ratio of 4.67 and a debt-to-equity ratio of 0.39.

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

Smith & Wesson Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, July 7th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date is Monday, July 7th. Smith & Wesson Brands's dividend payout ratio is currently 80.00%.

Analysts Set New Price Targets

Separately, Lake Street Capital cut their price objective 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.

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.