Smith & Wesson Brands (NASDAQ:SWBI) Trading Up 2.1% – Still a Buy?

Smith & Wesson Brands, Inc. (NASDAQ:SWBI)’s stock price traded up 2.1% on Thursday . The stock traded as high as $15.36 and last traded at $15.25. 442,344 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 935,644 shares. The stock had previously closed at $14.93.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SWBI shares. Zacks Research upgraded Smith & Wesson Brands to a “hold” rating in a report on Tuesday, June 23rd. Lake Street Capital upped their price target on Smith & Wesson Brands from $14.00 to $16.50 and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, Weiss Ratings upgraded shares of Smith & Wesson Brands from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.50.

Smith & Wesson Brands Trading Down 2.6%

The company has a market capitalization of $664.69 million, a P/E ratio of 37.15 and a beta of 0.84. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.20 and a quick ratio of 1.13. The business’s 50-day moving average price is $15.17 and its two-hundred day moving average price is $13.63.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings data on Wednesday, June 17th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.23 by $0.13. Smith & Wesson Brands had a return on equity of 5.01% and a net margin of 3.53%.The business had revenue of $178.39 million for the quarter, compared to the consensus estimate of $155.27 million. During the same quarter last year, the business posted $0.20 EPS. The firm’s revenue was up 26.7% compared to the same quarter last year. As a group, analysts forecast that Smith & Wesson Brands, Inc. will post 0.55 EPS for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Wednesday, July 1st. Smith & Wesson Brands’s payout ratio is 130.00%.

Institutional Trading of Smith & Wesson Brands

Several hedge funds have recently bought and sold shares of SWBI. Royal Bank of Canada increased its position in shares of Smith & Wesson Brands by 25.3% during the first quarter. Royal Bank of Canada now owns 41,063 shares of the company’s stock worth $383,000 after acquiring an additional 8,290 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Smith & Wesson Brands by 41.4% during the first quarter. Goldman Sachs Group Inc. now owns 712,708 shares of the company’s stock worth $6,642,000 after acquiring an additional 208,739 shares during the period. Creative Planning lifted its position in Smith & Wesson Brands by 136.2% in the 2nd quarter. Creative Planning now owns 29,387 shares of the company’s stock valued at $255,000 after acquiring an additional 16,943 shares in the last quarter. Legal & General Group Plc lifted its position in Smith & Wesson Brands by 10.3% in the 2nd quarter. Legal & General Group Plc now owns 47,630 shares of the company’s stock valued at $413,000 after acquiring an additional 4,431 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Smith & Wesson Brands in the 2nd quarter worth $190,000. 59.33% of the stock is currently owned by institutional investors and hedge funds.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc is a leading American manufacturer of firearms and related products, designing, producing and marketing a broad array of handguns, long guns and shooting accessories. The company’s portfolio includes revolvers, semi-automatic pistols and rifles under well-known brands such as M&P® (Military & Police) and Performance Center®, which are used by military, law enforcement, commercial and private customers. In addition to complete firearms, Smith & Wesson offers suppressors, optics mounts, holsters and other shooting accessories to support a full spectrum of professional and recreational shooting activities.

Founded in 1852 by Horace Smith and Daniel B.