Smith & Wesson Brands (NASDAQ:SWBI) Sets New 1-Year High at $23.54

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $23.54 and last traded at $22.43, with a volume of 366644 shares. The stock had previously closed at $19.02.

Several research analysts have commented on the company. Aegis assumed coverage on Smith & Wesson Brands in a report on Thursday, September 24th. They set a “buy” rating and a $23.00 price objective on the stock. Lake Street Capital raised their price objective on Smith & Wesson Brands from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, December 4th. BidaskClub upgraded Smith & Wesson Brands from a “hold” rating to a “buy” rating in a report on Wednesday, December 23rd. Cowen restated a “buy” rating and set a $24.00 price objective on shares of Smith & Wesson Brands in a report on Wednesday, December 23rd. Finally, TheStreet upgraded Smith & Wesson Brands from a “c” rating to a “b” rating in a report on Thursday, December 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $22.33.

The stock has a fifty day moving average price of $16.49 and a 200-day moving average price of $18.91. The firm has a market capitalization of $1.25 billion, a PE ratio of -101.72 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.23 and a current ratio of 2.26.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its quarterly earnings results on Wednesday, December 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.30. Smith & Wesson Brands had a positive return on equity of 23.00% and a negative net margin of 1.29%. The business had revenue of $248.70 million for the quarter, compared to the consensus estimate of $222.99 million. During the same period last year, the business posted $0.01 EPS. The business’s revenue was up 118.7% compared to the same quarter last year. Research analysts expect that Smith & Wesson Brands, Inc. will post 2.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 5th. Stockholders of record on Thursday, December 17th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, December 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.90%. Smith & Wesson Brands’s payout ratio is 24.39%.

In other news, Director Robert L. Scott sold 3,000 shares of the firm’s stock in a transaction on Monday, November 16th. The stock was sold at an average price of $15.90, for a total value of $47,700.00. Following the completion of the sale, the director now owns 98,932 shares of the company’s stock, valued at approximately $1,573,018.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael F. Golden sold 10,000 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $17.22, for a total value of $172,200.00. Following the completion of the sale, the director now directly owns 284,001 shares of the company’s stock, valued at approximately $4,890,497.22. The disclosure for this sale can be found here. Insiders sold a total of 32,000 shares of company stock valued at $544,510 in the last three months. Insiders own 2.59% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of SWBI. Point72 Hong Kong Ltd acquired a new stake in Smith & Wesson Brands during the 3rd quarter worth about $28,000. Altshuler Shaham Ltd acquired a new stake in Smith & Wesson Brands during the 3rd quarter worth about $39,000. Fifth Third Bancorp lifted its position in Smith & Wesson Brands by 53.3% during the 3rd quarter. Fifth Third Bancorp now owns 2,875 shares of the company’s stock worth $45,000 after acquiring an additional 1,000 shares during the period. Great West Life Assurance Co. Can acquired a new stake in Smith & Wesson Brands during the 2nd quarter worth about $74,000. Finally, Private Advisor Group LLC acquired a new stake in Smith & Wesson Brands during the 2nd quarter worth about $97,000. 63.48% of the stock is owned by institutional investors.

About Smith & Wesson Brands (NASDAQ:SWBI)

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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