American Century Companies Inc. Has $7.26 Million Stake in Smith & Wesson Brands, Inc. $SWBI

American Century Companies Inc. trimmed its stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 20.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 778,388 shares of the company’s stock after selling 198,798 shares during the period. American Century Companies Inc. owned about 1.77% of Smith & Wesson Brands worth $7,255,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Harvest LLC acquired a new stake in Smith & Wesson Brands in the 1st quarter worth $31,000. PNC Financial Services Group Inc. lifted its holdings in shares of Smith & Wesson Brands by 162.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,320 shares of the company’s stock worth $40,000 after acquiring an additional 2,672 shares during the period. Spurstone Advisory Services LLC bought a new position in shares of Smith & Wesson Brands during the 4th quarter worth about $47,000. Caption Management LLC bought a new position in shares of Smith & Wesson Brands during the 4th quarter worth about $51,000. Finally, Byrne Asset Management LLC lifted its holdings in shares of Smith & Wesson Brands by 145.0% during the 1st quarter. Byrne Asset Management LLC now owns 5,391 shares of the company’s stock worth $50,000 after acquiring an additional 3,191 shares during the period. 59.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SWBI has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Smith & Wesson Brands from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Lake Street Capital reduced their price objective on shares of Smith & Wesson Brands from $12.50 to $11.00 and set a “buy” rating for the company in a report on Monday, June 23rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Smith & Wesson Brands Trading Up 1.2%

Shares of SWBI stock opened at $8.21 on Thursday. Smith & Wesson Brands, Inc. has a 12-month low of $7.73 and a 12-month high of $15.13. The company has a market capitalization of $361.24 million, a P/E ratio of 30.41 and a beta of 0.91. The firm has a 50-day moving average price of $8.35 and a 200 day moving average price of $9.31. The company has a quick ratio of 1.31, a current ratio of 4.16 and a debt-to-equity ratio of 0.30.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its quarterly earnings results on Wednesday, June 18th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Smith & Wesson Brands had a net margin of 2.60% and a return on equity of 3.71%. The firm had revenue of $140.76 million for the quarter, compared to the consensus estimate of $152.41 million. During the same period in the prior year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. Research analysts forecast that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Monday, July 7th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Monday, July 7th. Smith & Wesson Brands’s dividend payout ratio (DPR) is currently 192.59%.

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.