Vanguard Group Inc. Reduces Stock Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Vanguard Group Inc. decreased its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 28.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,546,504 shares of the company’s stock after selling 1,016,107 shares during the quarter. Vanguard Group Inc. owned about 5.79% of Smith & Wesson Brands worth $25,732,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in Smith & Wesson Brands by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,067,955 shares of the company’s stock valued at $13,865,000 after acquiring an additional 7,260 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Smith & Wesson Brands by 18.0% during the fourth quarter. Bank of New York Mellon Corp now owns 525,374 shares of the company’s stock worth $5,309,000 after buying an additional 80,235 shares during the period. JPMorgan Chase & Co. boosted its stake in Smith & Wesson Brands by 9.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 131,566 shares of the company’s stock worth $1,708,000 after buying an additional 11,006 shares during the last quarter. Aviance Capital Partners LLC grew its holdings in Smith & Wesson Brands by 14.6% in the 4th quarter. Aviance Capital Partners LLC now owns 101,283 shares of the company’s stock valued at $1,023,000 after buying an additional 12,875 shares during the period. Finally, Barclays PLC increased its stake in shares of Smith & Wesson Brands by 240.2% during the 3rd quarter. Barclays PLC now owns 80,449 shares of the company’s stock valued at $1,046,000 after acquiring an additional 56,800 shares during the last quarter. 59.33% of the stock is owned by institutional investors and hedge funds.

Smith & Wesson Brands Stock Down 0.3 %

SWBI opened at $9.11 on Tuesday. Smith & Wesson Brands, Inc. has a 1 year low of $8.38 and a 1 year high of $17.33. The firm has a 50 day moving average price of $9.97 and a 200 day moving average price of $11.22. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 3.97. The company has a market cap of $400.87 million, a PE ratio of 11.68 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $115.89 million during the quarter, compared to analyst estimates of $119.46 million. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. Sell-side analysts expect 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 announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, March 20th. This represents a $0.52 annualized dividend and a dividend yield of 5.71%. Smith & Wesson Brands’s payout ratio is currently 80.00%.

Analyst Ratings Changes

Separately, Lake Street Capital dropped their price target on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating for the company in a research 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.