Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,067,955 shares of the company’s stock after buying an additional 7,260 shares during the quarter. Geode Capital Management LLC owned about 2.38% of Smith & Wesson Brands worth $13,865,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in shares of Smith & Wesson Brands by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,798,009 shares of the company’s stock valued at $40,123,000 after buying an additional 72,500 shares during the period. American Century Companies Inc. raised its position in shares of Smith & Wesson Brands by 28.3% during the 2nd quarter. American Century Companies Inc. now owns 1,046,287 shares of the company’s stock valued at $15,004,000 after buying an additional 230,532 shares during the period. Millennium Management LLC purchased a new stake in shares of Smith & Wesson Brands during the 2nd quarter valued at approximately $4,354,000. Marshall Wace LLP purchased a new stake in shares of Smith & Wesson Brands during the 2nd quarter valued at approximately $4,129,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of Smith & Wesson Brands by 1,023.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 134,086 shares of the company’s stock valued at $1,923,000 after buying an additional 122,147 shares during the period. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Lake Street Capital lowered shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating and reduced their price target for the company from $18.00 to $13.00 in a research report on Friday, December 6th. Craig Hallum lowered shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating and reduced their price target for the company from $18.00 to $13.00 in a research report on Friday, December 6th.

Smith & Wesson Brands Stock Down 1.5 %

Shares of NASDAQ SWBI opened at $9.79 on Tuesday. The firm has a market cap of $430.79 million, a price-to-earnings ratio of 12.55 and a beta of 0.96. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. Smith & Wesson Brands, Inc. has a 52-week low of $9.68 and a 52-week high of $18.05. The business’s 50 day moving average is $12.45 and its two-hundred day moving average is $13.68.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its earnings results on Thursday, December 5th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The firm had revenue of $129.70 million during the quarter, compared to analysts’ expectations of $133.53 million. Smith & Wesson Brands had a net margin of 7.00% and a return on equity of 8.78%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 EPS. Research analysts predict that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current year.

Smith & Wesson Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 19th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend is Thursday, December 19th. Smith & Wesson Brands’s payout ratio is 66.67%.

Smith & Wesson Brands 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.