Smith & Wesson Brands (NASDAQ:SWBI) Stock Falls 6.6% – Time to Sell?

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) was down 6.6% during mid-day trading on Friday. The stock traded as low as $13.42 and last traded at $13.4080. 255,705 shares traded hands during trading, a decline of 57% from the average session volume of 597,383 shares. The stock had previously closed at $14.35.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Smith & Wesson Brands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.50.

Smith & Wesson Brands Stock Performance

The stock’s 50-day moving average price is $13.79 and its 200-day moving average price is $14.56. The company has a current ratio of 3.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $614.76 million, a P/E ratio of 25.39 and a beta of 0.80.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings results on Thursday, September 3rd. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.12. The business had revenue of $112.59 million during the quarter, compared to analyst estimates of $98.70 million. Smith & Wesson Brands had a net margin of 4.44% and a return on equity of 6.60%. The company’s quarterly revenue was up 32.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) EPS. As a group, equities analysts expect that Smith & Wesson Brands, Inc. will post 0.63 EPS for the current year.

Smith & Wesson Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.52 annualized dividend and a dividend yield of 3.8%. Smith & Wesson Brands’s dividend payout ratio is 96.30%.

Institutional Trading of Smith & Wesson Brands

Several hedge funds have recently made changes to their positions in SWBI. Allworth Financial LP acquired a new position in Smith & Wesson Brands during the 2nd quarter valued at approximately $27,000. Western Wealth Management LLC acquired a new stake in Smith & Wesson Brands in the first quarter worth $34,000. Public Employees Retirement System of Ohio acquired a new stake in Smith & Wesson Brands in the second quarter worth $59,000. Quantbot Technologies LP acquired a new stake in Smith & Wesson Brands in the second quarter worth $65,000. Finally, Legal & General Group Plc acquired a new stake in Smith & Wesson Brands in the second quarter worth $65,000. Institutional investors own 59.33% of the company’s stock.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc is an American firearms manufacturer that designs, manufactures, and sells handguns, long guns, and related firearms products. Its portfolio includes pistols, revolvers, modern sporting rifles, and bolt-action rifles marketed under the Smith & Wesson and M&P brands, along with specialized products associated with its Performance Center.

The company serves a range of customers, including consumers, law enforcement agencies, military organizations, and security professionals.