Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Short Interest Update

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,550,000 shares, a decline of 22.5% from the February 13th total of 2,000,000 shares. Based on an average daily volume of 647,900 shares, the short-interest ratio is presently 2.4 days. Currently, 3.6% of the company’s stock are sold short.

Smith & Wesson Brands Price Performance

Shares of NASDAQ SWBI opened at $10.04 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 3.97. The company has a market cap of $441.79 million, a PE ratio of 12.87 and a beta of 1.09. The business has a 50-day simple moving average of $10.48 and a two-hundred day simple moving average of $11.88. Smith & Wesson Brands has a fifty-two week low of $9.17 and a fifty-two week high of $18.05.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $115.89 million during the quarter, compared to the consensus estimate of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. As a group, equities analysts expect that Smith & Wesson Brands will post 0.47 EPS for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend is Thursday, March 20th. Smith & Wesson Brands’s dividend payout ratio (DPR) is 80.00%.

Analyst Ratings Changes

Several research firms have issued reports on SWBI. Craig Hallum lowered Smith & Wesson Brands from a “buy” rating to a “hold” rating and cut their target price for the company from $18.00 to $13.00 in a research note on Friday, December 6th. Lake Street Capital lowered their price target on Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating for the company in a report on Friday, March 7th.

Institutional Investors Weigh In On Smith & Wesson Brands

A number of institutional investors and hedge funds have recently modified their holdings of SWBI. IMG Wealth Management Inc. acquired a new stake in shares of Smith & Wesson Brands during the fourth quarter worth about $44,000. Spurstone Advisory Services LLC acquired a new stake in shares of Smith & Wesson Brands during the fourth quarter worth about $47,000. Jones Financial Companies Lllp lifted its holdings in shares of Smith & Wesson Brands by 238.6% during the fourth quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company’s stock worth $50,000 after purchasing an additional 3,476 shares during the period. Caption Management LLC acquired a new stake in shares of Smith & Wesson Brands during the fourth quarter worth about $51,000. Finally, Headlands Technologies LLC lifted its holdings in shares of Smith & Wesson Brands by 45.5% during the fourth quarter. Headlands Technologies LLC now owns 5,971 shares of the company’s stock worth $60,000 after purchasing an additional 1,867 shares during the period. Institutional investors and hedge funds own 59.33% of the company’s stock.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm’s brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.