Smith & Wesson Brands (NASDAQ:SWBI) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• SWBI shares moved above their 200-day moving average, trading as high as $14.62 and last at $14.49, compared with the average of $13.99.
• Analysts’ consensus rating is Hold, with one Buy and two Hold ratings; the average price target is $16.50.
• The company reported quarterly EPS of $0.06, beating estimates of a $0.06 loss, while revenue rose 32.3% year over year to $112.59 million. It also paid a quarterly dividend of $0.13 per share.

Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $13.99 and traded as high as $14.62. Smith & Wesson Brands shares last traded at $14.49, with a volume of 1,220,668 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Smith & Wesson Brands in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Smith & Wesson Brands has an average rating of "Hold" and a consensus target price of $16.50.

Smith & Wesson Brands Price Performance

The firm has a market cap of $649.73 million, a price-to-earnings ratio of 26.83 and a beta of 0.81. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.62 and a quick ratio of 0.98. The business's 50-day moving average price is $13.77 and its two-hundred day moving average price is $13.99.

Smith & Wesson Brands (NASDAQ:SWBI - Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.12. Smith & Wesson Brands had a return on equity of 6.60% and a net margin of 4.44%. The business had revenue of $112.59 million during the quarter, compared to the consensus estimate of $98.70 million. During the same period last year, the firm earned ($0.08) earnings per share. The company's revenue for the quarter was up 32.3% compared to the same quarter last year. On average, research analysts forecast that Smith & Wesson Brands, Inc. will post 0.63 EPS for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 17th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.52 annualized dividend and a dividend yield of 3.6%. Smith & Wesson Brands's dividend payout ratio (DPR) is 96.30%.

Institutional Trading of Smith & Wesson Brands

Several hedge funds have recently bought and sold shares of SWBI. Alps Advisors Inc. acquired a new position in Smith & Wesson Brands during the 3rd quarter valued at about $618,000. Kestra Advisory Services LLC boosted its holdings in shares of Smith & Wesson Brands by 6.8% in the third quarter. Kestra Advisory Services LLC now owns 66,706 shares of the company's stock worth $938,000 after buying an additional 4,265 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Smith & Wesson Brands by 19.9% in the third quarter. Commonwealth Equity Services LLC now owns 25,478 shares of the company's stock worth $358,000 after buying an additional 4,235 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Smith & Wesson Brands in the 3rd quarter valued at approximately $62,000. Finally, Aviance Capital Partners LLC raised its stake in shares of Smith & Wesson Brands by 2.7% during the 3rd quarter. Aviance Capital Partners LLC now owns 113,059 shares of the company's stock worth $1,590,000 after purchasing an additional 3,004 shares in the last quarter. 59.33% of the stock is currently owned by institutional investors.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is an American firearms manufacturer that designs, manufactures, and sells handguns, long guns, and related firearms products. Its portfolio includes pistols, revolvers, modern sporting rifles, and bolt-action rifles marketed under the Smith & Wesson and M&P brands, along with specialized products associated with its Performance Center.

The company serves a range of customers, including consumers, law enforcement agencies, military organizations, and security professionals.

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