Smith & Wesson Brands (NASDAQ:SWBI) insider Susan Jean Cupero sold 1,385 shares of the stock in a transaction on Wednesday, June 24th. The stock was 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 filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of SWBI stock opened at $21.52 on Wednesday. The firm has a market capitalization of $1.08 billion, a PE ratio of -19.21 and a beta of 0.68. The company has a quick ratio of 1.78, a current ratio of 3.05 and a debt-to-equity ratio of 0.51. Smith & Wesson Brands has a twelve month low of $5.41 and a twelve month high of $21.68.
Smith & Wesson Brands (NASDAQ:SWBI) last announced its earnings results on Thursday, June 18th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.17. The business had revenue of $233.64 million during the quarter, compared to the consensus estimate of $207.91 million. Smith & Wesson Brands had a negative net margin of 9.03% and a positive return on equity of 10.26%. The business’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. On average, research analysts predict that Smith & Wesson Brands will post 1.77 EPS for the current year.
A hedge fund recently bought a new stake in Smith & Wesson Brands stock. State Street Corp acquired a new stake in shares of Smith & Wesson Brands (NASDAQ:SWBI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,001,698 shares of the company’s stock, valued at approximately $8,314,000. State Street Corp owned about 1.82% of Smith & Wesson Brands at the end of the most recent reporting period. Institutional investors own 67.00% of the company’s stock.
SWBI has been the subject of several recent research reports. Lake Street Capital increased their price objective on shares of Smith & Wesson Brands from $19.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, June 19th. Wedbush increased their price objective on shares of Smith & Wesson Brands from $8.50 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Craig Hallum increased their price objective on shares of Smith & Wesson Brands from $14.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Finally, Zacks Investment Research raised shares of Smith & Wesson Brands from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, June 16th.
About Smith & Wesson Brands
Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. It operates through the Firearms and Outdoor Products & Accessories segments. The Firearms segment comprises the manufacture of handguns, long guns, handcuffs, suppressors, and other firearm-related products for sale to a wide variety of customers.
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