Smith & Wesson Brands, Inc. Plans Quarterly Dividend of $0.13 (NASDAQ:SWBI)

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) announced a quarterly dividend on Thursday, September 5th, Zacks reports. Stockholders of record on Thursday, September 19th will be given a dividend of 0.13 per share on Thursday, October 3rd. This represents a $0.52 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Thursday, September 19th.

Smith & Wesson Brands has increased its dividend by an average of 66.3% per year over the last three years.

Smith & Wesson Brands Trading Down 9.4 %

Shares of Smith & Wesson Brands stock opened at $12.85 on Friday. Smith & Wesson Brands has a 52-week low of $10.38 and a 52-week high of $18.05. The company has a quick ratio of 1.32, a current ratio of 2.98 and a debt-to-equity ratio of 0.19. The firm has a market cap of $579.28 million, a price-to-earnings ratio of 14.94 and a beta of 1.01. The company’s 50-day simple moving average is $14.91 and its 200-day simple moving average is $15.76.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its earnings results on Thursday, September 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The firm had revenue of $88.33 million for the quarter, compared to analysts’ expectations of $102.52 million. Smith & Wesson Brands had a net margin of 7.39% and a return on equity of 11.03%. Smith & Wesson Brands’s revenue was down 22.7% on a year-over-year basis. During the same quarter last year, the company posted $0.13 earnings per share.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital boosted their target price on shares of Smith & Wesson Brands from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, June 21st.

Insider Buying and Selling

In other news, Director Robert L. Scott sold 2,000 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $14.80, for a total transaction of $29,600.00. Following the completion of the sale, the director now owns 69,569 shares in the company, valued at approximately $1,029,621.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.99% of the stock is currently owned by insiders.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.