Atom Investors LP purchased a new position in Smith & Wesson Brands (NASDAQ:SWBI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 180,580 shares of the company’s stock, valued at approximately $3,886,000. Atom Investors LP owned 0.33% of Smith & Wesson Brands at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in shares of Smith & Wesson Brands by 240.1% during the 1st quarter. SG Americas Securities LLC now owns 38,691 shares of the company’s stock worth $321,000 after purchasing an additional 27,314 shares in the last quarter. GWM Advisors LLC acquired a new position in Smith & Wesson Brands during the 1st quarter valued at about $110,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Smith & Wesson Brands during the 1st quarter worth approximately $464,000. Arizona State Retirement System purchased a new stake in shares of Smith & Wesson Brands in the first quarter worth approximately $107,000. Finally, Rhumbline Advisers lifted its holdings in shares of Smith & Wesson Brands by 12.0% in the first quarter. Rhumbline Advisers now owns 100,032 shares of the company’s stock valued at $830,000 after purchasing an additional 10,678 shares in the last quarter. 63.48% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on the company. Craig Hallum reissued a “buy” rating and issued a $22.00 price target on shares of Smith & Wesson Brands in a research report on Tuesday, August 25th. Zacks Investment Research lowered shares of Smith & Wesson Brands from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, August 12th. Cowen assumed coverage on shares of Smith & Wesson Brands in a report on Tuesday, August 25th. They set an “outperform” rating and a $24.00 price target on the stock. ValuEngine lowered shares of Smith & Wesson Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday. Finally, Wedbush boosted their target price on Smith & Wesson Brands from $8.50 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $21.60.
In other news, insider Susan Jean Cupero sold 1,385 shares of Smith & Wesson Brands stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $18.28, for a total transaction of $25,317.80. Following the completion of the sale, the insider now directly owns 15,866 shares of the company’s stock, valued at approximately $290,030.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.68% of the company’s stock.
SWBI traded down $0.65 during midday trading on Friday, reaching $18.17. The company had a trading volume of 6,648,600 shares, compared to its average volume of 2,982,696. The business has a 50-day moving average price of $22.95 and a two-hundred day moving average price of $17.17. Smith & Wesson Brands has a 12-month low of $4.16 and a 12-month high of $22.40. The stock has a market cap of $1.02 billion, a PE ratio of -82.59 and a beta of 0.88. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.78 and a current ratio of 3.05.
Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.41. The company had revenue of $227.97 million during the quarter, compared to analyst estimates of $204.85 million. Smith & Wesson Brands had a positive return on equity of 23.12% and a negative net margin of 1.29%. Smith & Wesson Brands’s revenue was up 84.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 earnings per share. On average, research analysts anticipate that Smith & Wesson Brands will post 2.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, September 16th.
Smith & Wesson Brands Profile
Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers firearms products, such as revolvers and pistols; modern sporting rifles, bolt action rifles, and muzzleloaders; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Thompson/Center Arms, and Gemtech brands.
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