Smith & Wesson Brands, Inc. (NASDAQ:SWBI) director sells $29,875.00 worth of stock

Smith & Wesson Brands, Inc. (NASDAQ: SWBI – Get a rating) Director Robert L. Scott sold 2,500 shares in a trade dated Thursday, September 15. The stock was sold at an average price of $11.95, for a total transaction of $29,875.00. Following the transaction, the administrator now owns 93,573 shares of the company, valued at $1,118,197.35. The sale was disclosed in a filing with the SEC, which is available via this link.

Inventory of Smith & Wesson brands down 3.8%

Shares of NASDAQ:SWBI traded down $0.45 during Friday’s trading, hitting $11.34. The stock had trading volume of 1,624,852 shares, compared to an average volume of 972,948. Smith & Wesson Brands, Inc. has a 1-year low of $11.19 and a 1-year high of $24.26. The company has a market capitalization of $519.09 million, a P/E ratio of 4.39 and a beta of 0.92. The company has a current ratio of 2.84, a quick ratio of 1.25 and a debt ratio of 0.10. The company’s 50-day simple moving average is $13.79 and its 200-day simple moving average is $14.50.

Smith & Wesson brands (NASDAQ: SWBI – Get a rating) last released its quarterly results on Thursday, June 23. The company reported earnings per share of $0.82 for the quarter. Smith & Wesson Brands achieved a net margin of 17.94% and a return on equity of 37.53%. The company had revenue of $181.30 million for the quarter. As a group, research analysts expect Smith & Wesson Brands, Inc. to post EPS of 2.25 for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 6. Investors of record on Thursday, September 22 will receive a dividend of $0.10. This represents an annualized dividend of $0.40 and a dividend yield of 3.53%. The ex-date of this dividend is Wednesday, September 21. Smith & Wesson Brands’ payout ratio is currently 15.63%.

Hedge funds weigh on Smith & Wesson brands

Hedge funds and other institutional investors have recently changed their stock holdings. Byrne Asset Management LLC bought a new position in Smith & Wesson Brands during Q4 for a value of approximately $37,000. SeaCrest Wealth Management LLC acquired a new stake in Smith & Wesson Brands during Q2 valued at approximately $28,000. US Bancorp DE increased its stake in Smith & Wesson Brands by 117.0% in the 1st quarter. US Bancorp DE now owns 2,448 shares of the company valued at $37,000 after acquiring an additional 1,320 shares during the period. Maverick Capital Ltd. acquired a new stake in Smith & Wesson Brands during Q4 valued at approximately $67,000. Finally, Amalgamated Bank acquired a new stake in Smith & Wesson Brands during Q1 valued at approximately $118,000. 59.25% of the shares are held by hedge funds and other institutional investors.

Wall Street analysts predict growth

Several brokerages have published reports on SWBI. Lake Street Capital lowered its price target on shares of Smith & Wesson Brands from $26.00 to $22.00 and set a “buy” rating on the stock in a Friday, September 9 report. TheStreet reduced shares of Smith & Wesson Brands from a “b-” rating to a “c+” rating in a report released Tuesday.

Smith & Wesson Brands Company Profile

(Get a rating)

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 firearms-related products under the Smith & Wesson, M&P and Gemtech brands.

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