Smith & Wesson Brands (NASDAQ:SWBI) Stock Price Down 3.6%

Smith & Wesson Brands, Inc. (NASDAQ:SWBI)’s stock price traded down 3.6% on Monday . The company traded as low as $12.38 and last traded at $12.39. 85,789 shares were traded during trading, a decline of 78% from the average session volume of 392,228 shares. The stock had previously closed at $12.85.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital increased their price target on Smith & Wesson Brands from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, June 21st.

Smith & Wesson Brands Stock Down 2.2 %

The firm has a market capitalization of $572.69 million, a price-to-earnings ratio of 14.94 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 3.54. The business has a 50 day simple moving average of $14.91 and a 200-day simple moving average of $15.79.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $88.33 million for the quarter, compared to analyst estimates of $102.52 million. Smith & Wesson Brands had a return on equity of 9.20% and a net margin of 6.74%. The business’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 earnings per share.

Smith & Wesson Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.52 annualized dividend and a dividend yield of 4.14%. Smith & Wesson Brands’s dividend payout ratio is presently 60.47%.

Insider Transactions at Smith & Wesson Brands

In other Smith & Wesson Brands news, Director Robert L. Scott sold 2,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $16.07, for a total transaction of $32,140.00. Following the completion of the sale, the director now directly owns 67,569 shares of the company’s stock, valued at $1,085,833.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.99% of the company’s stock.

Hedge Funds Weigh In On Smith & Wesson Brands

Institutional investors have recently modified their holdings of the stock. Quarry LP increased its position in Smith & Wesson Brands by 2,773.0% in the 2nd quarter. Quarry LP now owns 2,126 shares of the company’s stock valued at $30,000 after acquiring an additional 2,052 shares during the period. Blue Trust Inc. raised its holdings in shares of Smith & Wesson Brands by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 2,133 shares of the company’s stock valued at $31,000 after buying an additional 1,614 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Smith & Wesson Brands during the 2nd quarter valued at about $59,000. nVerses Capital LLC bought a new position in Smith & Wesson Brands during the 2nd quarter valued at approximately $130,000. Finally, TrueMark Investments LLC bought a new stake in Smith & Wesson Brands during the 2nd quarter valued at approximately $149,000. 59.33% of the stock is owned by institutional investors.

Smith & Wesson Brands Company Profile

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.