Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Declares $0.13 Quarterly Dividend

Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Get Free Report) declared a quarterly dividend on Friday, June 20th, Wall Street Journal reports. Stockholders of record on Monday, July 7th will be given a dividend of 0.13 per share on Monday, July 21st. This represents a $0.52 annualized dividend and a dividend yield of 5.93%. The ex-dividend date is Monday, July 7th.

Smith & Wesson Brands Trading Down 19.3%

Shares of Smith & Wesson Brands stock traded down $2.11 during midday trading on Friday, reaching $8.78. 6,601,200 shares of the company's stock traded hands, compared to its average volume of 504,559. The stock has a 50 day moving average of $9.69 and a 200-day moving average of $10.09. Smith & Wesson Brands has a 12 month low of $8.38 and a 12 month high of $16.85. The company has a market cap of $386.10 million, a PE ratio of 32.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.56 and a current ratio of 4.67.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Smith & Wesson Brands stock. Royal Bank of Canada grew its holdings in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI - Free Report) by 25.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 41,063 shares of the company's stock after purchasing an additional 8,290 shares during the period. Royal Bank of Canada owned approximately 0.09% of Smith & Wesson Brands worth $383,000 as of its most recent SEC filing. 59.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Lake Street Capital reduced 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.

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