Russell Investments Group Ltd. Acquires 9,144 Shares of Smith & Wesson Brands, Inc. $SWBI

Russell Investments Group Ltd. grew its holdings in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 11.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,471 shares of the company’s stock after acquiring an additional 9,144 shares during the period. Russell Investments Group Ltd. owned about 0.21% of Smith & Wesson Brands worth $862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Financial Harvest LLC purchased a new stake in Smith & Wesson Brands in the 1st quarter worth $31,000. PNC Financial Services Group Inc. increased its stake in Smith & Wesson Brands by 162.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,320 shares of the company’s stock worth $40,000 after buying an additional 2,672 shares in the last quarter. Spurstone Advisory Services LLC purchased a new stake in Smith & Wesson Brands in the 4th quarter worth $47,000. Byrne Asset Management LLC increased its stake in Smith & Wesson Brands by 145.0% in the 1st quarter. Byrne Asset Management LLC now owns 5,391 shares of the company’s stock worth $50,000 after buying an additional 3,191 shares in the last quarter. Finally, Caption Management LLC purchased a new stake in Smith & Wesson Brands in the 4th quarter worth $51,000. Institutional investors own 59.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Lake Street Capital cut their price target on Smith & Wesson Brands from $12.50 to $11.00 and set a “buy” rating for the company in a research note on Monday, June 23rd. Wall Street Zen lowered Smith & Wesson Brands from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Finally, Zacks Research raised shares of Smith & Wesson Brands from a “strong sell” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Smith & Wesson Brands currently has a consensus rating of “Hold” and a consensus target price of $12.00.

Smith & Wesson Brands Stock Up 1.2%

SWBI opened at $8.17 on Friday. The firm has a 50-day simple moving average of $8.28 and a two-hundred day simple moving average of $9.27. Smith & Wesson Brands, Inc. has a 52 week low of $7.73 and a 52 week high of $15.09. The company has a market capitalization of $359.48 million, a PE ratio of 30.26 and a beta of 0.91. 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 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $140.76 million during the quarter, compared to the consensus estimate of $152.41 million. During the same period in the previous year, the business posted $0.45 EPS. The firm’s revenue was down 11.6% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Monday, July 7th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Monday, July 7th. Smith & Wesson Brands’s dividend payout ratio is 192.59%.

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.