Russell Investments Group Ltd. Reduces Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Russell Investments Group Ltd. decreased its holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 17.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,327 shares of the company’s stock after selling 17,973 shares during the period. Russell Investments Group Ltd. owned 0.19% of Smith & Wesson Brands worth $842,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings 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 worth $5,309,000 after buying an additional 80,235 shares during the period. Barclays PLC lifted its position in shares of Smith & Wesson Brands by 240.2% during the third quarter. Barclays PLC now owns 80,449 shares of the company’s stock worth $1,046,000 after acquiring an additional 56,800 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Smith & Wesson Brands in the fourth quarter worth $568,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Smith & Wesson Brands in the fourth quarter valued at $331,000. Finally, Teacher Retirement System of Texas raised its stake in shares of Smith & Wesson Brands by 84.6% during the 4th quarter. Teacher Retirement System of Texas now owns 62,296 shares of the company’s stock valued at $630,000 after purchasing an additional 28,556 shares during the period. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Analysts Set New Price Targets

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

Smith & Wesson Brands Stock Performance

NASDAQ SWBI opened at $9.46 on Tuesday. The company’s 50 day simple moving average is $9.83 and its two-hundred day simple moving average is $11.10. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 1.43. Smith & Wesson Brands, Inc. has a 1 year low of $8.38 and a 1 year high of $17.33. The stock has a market capitalization of $416.27 million, a PE ratio of 12.13 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. The company had revenue of $115.89 million for the quarter, compared to the consensus estimate of $119.46 million. Analysts predict that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 5.50%. The ex-dividend date was Thursday, March 20th. Smith & Wesson Brands’s payout ratio is 80.00%.

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.