Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,476 shares of the company’s stock after purchasing an additional 12,910 shares during the period. JPMorgan Chase & Co. owned 0.33% of Smith & Wesson Brands worth $1,460,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its position 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 worth $13,865,000 after acquiring an additional 7,260 shares during the last quarter. Bank of New York Mellon Corp lifted its stake 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 worth $5,309,000 after purchasing an additional 80,235 shares during the period. Aviance Capital Partners LLC boosted its holdings in shares of Smith & Wesson Brands by 14.6% during the fourth 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. Barclays PLC grew its position in shares of Smith & Wesson Brands by 240.2% in the third quarter. Barclays PLC now owns 80,449 shares of the company’s stock valued at $1,046,000 after purchasing an additional 56,800 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in Smith & Wesson Brands by 84.6% in the fourth 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 last quarter. 59.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Smith & Wesson Brands Stock Performance

NASDAQ:SWBI opened at $9.50 on Friday. The company has a market cap of $418.03 million, a P/E ratio of 12.18 and a beta of 1.09. The firm’s 50 day moving average is $9.73 and its two-hundred day moving average is $11.03. Smith & Wesson Brands, Inc. has a fifty-two week low of $8.38 and a fifty-two week 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 issued its earnings results on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $115.89 million for the quarter, compared to analysts’ expectations of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. Analysts expect that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current year.

Smith & Wesson Brands Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend was Thursday, March 20th. Smith & Wesson Brands’s dividend payout ratio (DPR) is presently 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.