Jane Street Group LLC Grows Stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Jane Street Group LLC lifted its stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 33.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,365 shares of the company’s stock after purchasing an additional 28,909 shares during the quarter. Jane Street Group LLC owned 0.26% of Smith & Wesson Brands worth $1,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Smith & Wesson Brands in the fourth quarter worth about $568,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Smith & Wesson Brands during the fourth quarter valued at approximately $331,000. Sanctuary Advisors LLC purchased a new position in Smith & Wesson Brands in the 4th quarter worth approximately $114,000. Teacher Retirement System of Texas boosted its stake in 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 last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Smith & Wesson Brands by 9.8% in the 4th quarter. JPMorgan Chase & Co. now owns 144,476 shares of the company’s stock worth $1,460,000 after purchasing an additional 12,910 shares in the last quarter. Institutional investors own 59.33% of the company’s stock.

Analysts Set New Price Targets

Separately, Lake Street Capital lowered their price target 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 Down 2.6%

SWBI opened at $9.51 on Thursday. The stock has a market capitalization of $418.47 million, a price-to-earnings ratio of 12.19 and a beta of 1.09. The firm has a 50 day moving average price of $9.38 and a 200-day moving average price of $10.58. Smith & Wesson Brands, Inc. has a twelve month low of $8.38 and a twelve month high of $16.89. 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 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The business 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%. Equities research analysts forecast that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current year.

Smith & Wesson Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a $0.13 dividend. The ex-dividend date was Thursday, March 20th. This represents a $0.52 annualized dividend and a yield of 5.47%. Smith & Wesson Brands’s payout ratio is 80.00%.

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.