Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Position Raised by LPL Financial LLC

LPL Financial LLC raised its position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,661 shares of the company’s stock after purchasing an additional 1,482 shares during the quarter. LPL Financial LLC owned about 0.11% of Smith & Wesson Brands worth $502,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

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

Smith & Wesson Brands Trading Up 0.3 %

Shares of NASDAQ SWBI opened at $9.60 on Friday. The business has a fifty day simple moving average of $9.76 and a 200-day simple moving average of $11.05. The company has a market cap of $422.43 million, a price-to-earnings ratio of 12.31 and a beta of 1.09. Smith & Wesson Brands, Inc. has a 12 month low of $8.38 and a 12 month high of $17.33. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its earnings results on Thursday, March 6th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $115.89 million during the quarter, compared to analysts’ expectations 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 predict that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current year.

Smith & Wesson Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 5.42%. The ex-dividend date was Thursday, March 20th. Smith & Wesson Brands’s payout ratio is 80.00%.

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.