Millennium Management LLC Buys Shares of 49,532 Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Millennium Management LLC bought a new stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 49,532 shares of the company's stock, valued at approximately $501,000. Millennium Management LLC owned approximately 0.11% of Smith & Wesson Brands as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Smith & Wesson Brands by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,063,973 shares of the company's stock worth $30,960,000 after purchasing an additional 104,128 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Smith & Wesson Brands by 18.0% in the 4th quarter. Bank of New York Mellon Corp now owns 525,374 shares of the company's stock valued at $5,309,000 after acquiring an additional 80,235 shares during the period. Northern Trust Corp raised its stake in Smith & Wesson Brands by 5.4% in the 4th quarter. Northern Trust Corp now owns 415,205 shares of the company's stock valued at $4,196,000 after acquiring an additional 21,362 shares during the period. Lazard Asset Management LLC bought a new stake in Smith & Wesson Brands in the 4th quarter valued at $2,049,000. Finally, JPMorgan Chase & Co. raised its stake in Smith & Wesson Brands by 9.8% in the 4th quarter. JPMorgan Chase & Co. now owns 144,476 shares of the company's stock valued at $1,460,000 after acquiring an additional 12,910 shares during the period. Institutional investors own 59.33% of the company's stock.

Wall Street Analysts Forecast Growth

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

Smith & Wesson Brands Price Performance

Smith & Wesson Brands stock opened at $9.78 on Monday. The company has a current ratio of 3.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $430.35 million, a PE ratio of 12.54 and a beta of 1.01. Smith & Wesson Brands, Inc. has a 12 month low of $8.38 and a 12 month high of $16.85. The stock has a 50-day moving average price of $9.37 and a two-hundred day moving average price of $10.23.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.02 EPS for the quarter, meeting 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 the consensus estimate of $119.46 million. Analysts expect that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current year.

Smith & Wesson Brands 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.

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