Charles Schwab Investment Management Inc. Increases Position in Smith & Wesson Brands, Inc. $SWBI

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Smith & Wesson Brands by 7.6%, owning approximately 1.31% of the company with a value of about $5.38 million.
• Smith & Wesson Brands reported a miss on earnings estimates for the recent quarter, with earnings per share of $0.20 compared to an expectation of $0.23, and revenue down 11.6% year-over-year.
• The company announced a quarterly dividend of $0.13 per share, representing an annualized yield of 6.3%, although its payout ratio is notably high at 192.59%.

Charles Schwab Investment Management Inc. increased its stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 7.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 577,072 shares of the company's stock after buying an additional 40,815 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.31% of Smith & Wesson Brands worth $5,378,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SWBI. Dimensional Fund Advisors LP increased its stake in shares of Smith & Wesson Brands by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,063,973 shares of the company's stock worth $30,960,000 after acquiring an additional 104,128 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Smith & Wesson Brands by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 2,608,677 shares of the company's stock valued at $24,313,000 after acquiring an additional 62,173 shares during the last quarter. Northern Trust Corp boosted its position in shares of Smith & Wesson Brands by 5.4% during 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 last quarter. Lazard Asset Management LLC acquired a new position in shares of Smith & Wesson Brands during the 4th quarter valued at about $2,049,000. Finally, Aviance Capital Partners LLC boosted its position in shares of Smith & Wesson Brands by 31.4% during the 1st quarter. Aviance Capital Partners LLC now owns 133,059 shares of the company's stock valued at $1,240,000 after acquiring an additional 31,776 shares during the last quarter. Institutional investors and hedge funds own 59.33% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Smith & Wesson Brands from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Lake Street Capital lowered their price target on shares of Smith & Wesson Brands from $12.50 to $11.00 and set a "buy" rating on the stock in a research report on Monday, June 23rd. Finally, Zacks Research raised shares of Smith & Wesson Brands from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 26th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Smith & Wesson Brands presently has a consensus rating of "Hold" and a consensus price target of $12.00.

Smith & Wesson Brands Stock Up 1.2%

Shares of Smith & Wesson Brands stock traded up $0.10 on Monday, reaching $8.17. 769,907 shares of the company were exchanged, compared to its average volume of 691,282. The company has a market cap of $359.50 million, a P/E ratio of 30.26 and a beta of 0.95. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.16 and a quick ratio of 1.31. Smith & Wesson Brands, Inc. has a 1-year low of $7.73 and a 1-year high of $15.09. The stock's 50 day moving average price is $8.28 and its 200-day moving average price is $9.25.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $140.76 million for the quarter, compared to analysts' expectations of $152.41 million. Smith & Wesson Brands had a return on equity of 3.71% and a net margin of 2.60%.The company's quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS. As a group, equities analysts forecast that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current year.

Smith & Wesson Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Monday, July 7th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.52 dividend on an annualized basis and a yield of 6.4%. Smith & Wesson Brands's payout ratio is currently 192.59%.

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.