Man Group plc purchased a new position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 151,473 shares of the company’s stock, valued at approximately $2,278,000. Man Group plc owned about 0.34% of Smith & Wesson Brands at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rafferty Asset Management LLC grew its position in Smith & Wesson Brands by 12.2% during the second quarter. Rafferty Asset Management LLC now owns 11,403 shares of the company’s stock valued at $99,000 after buying an additional 1,237 shares during the period. First Trust Advisors LP grew its holdings in Smith & Wesson Brands by 0.9% during the first quarter. First Trust Advisors LP now owns 141,782 shares of the company’s stock valued at $2,032,000 after purchasing an additional 1,299 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Smith & Wesson Brands by 8.1% in the second quarter. BNP Paribas Financial Markets now owns 18,682 shares of the company’s stock worth $162,000 after buying an additional 1,405 shares during the period. Allworth Financial LP purchased a new position in shares of Smith & Wesson Brands in the second quarter valued at about $27,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Smith & Wesson Brands by 9.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,253 shares of the company’s stock worth $250,000 after purchasing an additional 2,093 shares in the last quarter. 59.33% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on SWBI. Weiss Ratings cut Smith & Wesson Brands from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. Lake Street Capital upped their price target on shares of Smith & Wesson Brands from $14.00 to $16.50 and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, Zacks Research raised Smith & Wesson Brands to a “hold” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $16.50.
Smith & Wesson Brands Stock Performance
Shares of SWBI stock opened at $12.77 on Wednesday. Smith & Wesson Brands, Inc. has a 12-month low of $8.01 and a 12-month high of $17.56. The business’s fifty day simple moving average is $14.60 and its 200-day simple moving average is $14.41. The company has a current ratio of 3.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. The company has a market cap of $572.61 million, a PE ratio of 31.93 and a beta of 0.88.
Smith & Wesson Brands (NASDAQ:SWBI – Get Free Report) last posted its earnings results on Wednesday, June 17th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.13. The firm had revenue of $178.39 million during the quarter, compared to analysts’ expectations of $155.27 million. Smith & Wesson Brands had a net margin of 3.53% and a return on equity of 5.01%. The business’s revenue was up 26.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 EPS. Analysts expect that Smith & Wesson Brands, Inc. will post 0.55 earnings per share for the current fiscal year.
Smith & Wesson Brands Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Wednesday, July 1st. Smith & Wesson Brands’s dividend payout ratio (DPR) is presently 130.00%.
Smith & Wesson Brands Profile
Smith & Wesson Brands, Inc is a leading American manufacturer of firearms and related products, designing, producing and marketing a broad array of handguns, long guns and shooting accessories. The company’s portfolio includes revolvers, semi-automatic pistols and rifles under well-known brands such as M&P® (Military & Police) and Performance Center®, which are used by military, law enforcement, commercial and private customers. In addition to complete firearms, Smith & Wesson offers suppressors, optics mounts, holsters and other shooting accessories to support a full spectrum of professional and recreational shooting activities.
Founded in 1852 by Horace Smith and Daniel B.
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