Smith & Wesson Brands (NASDAQ:SWBI) Reaches New 12-Month Low Following Weak Earnings – MarketBeat

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Smith & Wesson Brands, Inc. (NASDAQ:SWBIGet Rating)’s share price hit a new 52-week low during trading on Friday after the company announced weaker than expected quarterly earnings. The company traded as low as $12.47 and last traded at $12.63, with a volume of 29851 shares trading hands. The stock had previously closed at $13.43.

The company reported $0.82 earnings per share for the quarter. Smith & Wesson Brands had a net margin of 22.51% and a return on equity of 60.73%. The business had revenue of $181.30 million for the quarter.

Smith & Wesson Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 21st. Shareholders of record on Thursday, July 7th were issued a $0.10 dividend. This is an increase from Smith & Wesson Brands’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Wednesday, July 6th. Smith & Wesson Brands’s payout ratio is currently 9.85%.

Analysts Set New Price Targets

Separately, Lake Street Capital decreased their price target on shares of Smith & Wesson Brands from $26.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday.

Insider Activity at Smith & Wesson Brands


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In related news, Director Robert L. Scott sold 2,000 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $14.80, for a total value of $29,600.00. Following the transaction, the director now directly owns 88,002 shares in the company, valued at $1,302,429.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Robert L. Scott sold 2,000 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were 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 88,002 shares of the company’s stock, valued at $1,302,429.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John B. Furman sold 5,000 shares of the company’s stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $15.64, for a total transaction of $78,200.00. Following the sale, the director now directly owns 37,526 shares of the company’s stock, valued at approximately $586,906.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,500 shares of company stock worth $127,600. Corporate insiders own 1.63% of the company’s stock.

Institutional Investors Weigh In On Smith & Wesson Brands

Several institutional investors and hedge funds have recently bought and sold shares of the company. SeaCrest Wealth Management LLC bought a new position in shares of Smith & Wesson Brands in the second quarter worth about $28,000. Byrne Asset Management LLC acquired a new position in shares of Smith & Wesson Brands in the fourth quarter valued at approximately $37,000. US Bancorp DE increased its stake in shares of Smith & Wesson Brands by 117.0% in the first quarter. US Bancorp DE now owns 2,448 shares of the company’s stock valued at $37,000 after buying an additional 1,320 shares during the period. Maverick Capital Ltd. acquired a new position in shares of Smith & Wesson Brands in the fourth quarter valued at approximately $67,000. Finally, Counterpoint Mutual Funds LLC increased its stake in shares of Smith & Wesson Brands by 562.8% in the second quarter. Counterpoint Mutual Funds LLC now owns 8,325 shares of the company’s stock valued at $109,000 after buying an additional 7,069 shares during the period. Institutional investors own 59.25% of the company’s stock.

Smith & Wesson Brands Price Performance

The firm has a market cap of $582.98 million, a price-to-earnings ratio of 3.12 and a beta of 0.92. The business’s 50-day simple moving average is $13.93 and its two-hundred day simple moving average is $14.66. The company has a current ratio of 3.68, a quick ratio of 2.15 and a debt-to-equity ratio of 0.10.

About Smith & Wesson Brands

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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.

Further Reading

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