Barclays PLC Has $861,000 Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Barclays PLC raised its stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 85,160 shares of the company’s stock after buying an additional 4,711 shares during the quarter. Barclays PLC owned 0.19% of Smith & Wesson Brands worth $861,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SWBI. JPMorgan Chase & Co. grew its position in Smith & Wesson Brands by 9.1% in the third quarter. JPMorgan Chase & Co. now owns 131,566 shares of the company’s stock worth $1,708,000 after acquiring an additional 11,006 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Smith & Wesson Brands by 95,180.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 19,056 shares of the company’s stock worth $195,000 after purchasing an additional 19,036 shares in the last quarter. SG Americas Securities LLC increased its position in Smith & Wesson Brands by 11.8% during the fourth quarter. SG Americas Securities LLC now owns 17,795 shares of the company’s stock worth $180,000 after buying an additional 1,872 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in Smith & Wesson Brands by 26.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 28,628 shares of the company’s stock valued at $289,000 after buying an additional 5,914 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Smith & Wesson Brands by 35.0% in the fourth quarter. Blue Trust Inc. now owns 17,120 shares of the company’s stock worth $173,000 after buying an additional 4,441 shares during the last quarter. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Analysts Set New Price Targets

Separately, Lake Street Capital lowered their price objective 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.

Smith & Wesson Brands Stock Performance

NASDAQ:SWBI opened at $9.15 on Wednesday. The firm has a market capitalization of $402.63 million, a PE ratio of 11.73 and a beta of 1.09. Smith & Wesson Brands, Inc. has a 1 year low of $8.38 and a 1 year high of $16.95. The company has a current ratio of 3.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The firm’s fifty day simple moving average is $9.52 and its 200 day simple moving average is $10.83.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $115.89 million during 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%. On average, sell-side analysts anticipate that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current year.

Smith & Wesson Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date was Thursday, March 20th. Smith & Wesson Brands’s dividend payout ratio (DPR) is presently 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.