Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Director Robert L. Scott Sells 2,000 Shares

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Director Robert L. Scott sold 2,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $17.90, for a total value of $35,800.00. Following the transaction, the director now directly owns 71,569 shares of the company’s stock, valued at $1,281,085.10. The sale was disclosed in a filing with the SEC, which is available at this link.

Smith & Wesson Brands Price Performance

NASDAQ:SWBI traded down $0.27 during trading hours on Friday, reaching $17.68. 266,815 shares of the company traded hands, compared to its average volume of 428,647. The firm’s 50-day moving average is $14.25 and its 200-day moving average is $13.65. The stock has a market cap of $815.05 million, a P/E ratio of 31.09 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.21 and a quick ratio of 1.42. Smith & Wesson Brands, Inc. has a 1-year low of $10.38 and a 1-year high of $18.05.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. Smith & Wesson Brands had a return on equity of 9.44% and a net margin of 5.05%. The business had revenue of $137.48 million for the quarter, compared to analysts’ expectations of $133.56 million. During the same quarter last year, the firm earned $0.25 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. Equities research analysts expect that Smith & Wesson Brands, Inc. will post 0.8 earnings per share for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Wednesday, March 20th. Smith & Wesson Brands’s dividend payout ratio (DPR) is 84.21%.

Analyst Upgrades and Downgrades

Separately, Craig Hallum raised Smith & Wesson Brands from a “hold” rating to a “buy” rating and raised their price objective for the company from $14.00 to $18.00 in a research note on Friday, March 8th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Smith & Wesson Brands by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 3,569,987 shares of the company’s stock valued at $48,409,000 after acquiring an additional 55,827 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Smith & Wesson Brands in the fourth quarter worth about $180,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Smith & Wesson Brands by 8.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,159 shares of the company’s stock valued at $152,000 after buying an additional 852 shares during the period. Harbour Investments Inc. lifted its position in Smith & Wesson Brands by 72.9% during the 4th quarter. Harbour Investments Inc. now owns 1,918 shares of the company’s stock worth $26,000 after acquiring an additional 809 shares in the last quarter. Finally, Barclays PLC lifted its position in Smith & Wesson Brands by 409.1% during the 4th quarter. Barclays PLC now owns 83,357 shares of the company’s stock worth $1,131,000 after acquiring an additional 66,984 shares in the last quarter. Institutional investors and hedge funds own 57.47% of the company’s stock.

Smith & Wesson Brands Company Profile

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