Barclays PLC Boosts Holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Barclays PLC raised its stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 240.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,449 shares of the company’s stock after buying an additional 56,800 shares during the quarter. Barclays PLC owned about 0.18% of Smith & Wesson Brands worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SWBI. Rhumbline Advisers boosted its stake in Smith & Wesson Brands by 0.8% during the second quarter. Rhumbline Advisers now owns 79,360 shares of the company’s stock valued at $1,138,000 after buying an additional 655 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Smith & Wesson Brands by 1.8% during the 2nd quarter. Cetera Investment Advisers now owns 80,650 shares of the company’s stock valued at $1,157,000 after acquiring an additional 1,421 shares during the last quarter. Quarry LP boosted its position in shares of Smith & Wesson Brands by 2,773.0% during the 2nd quarter. Quarry LP now owns 2,126 shares of the company’s stock valued at $30,000 after acquiring an additional 2,052 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Smith & Wesson Brands by 1,198.2% in the third quarter. International Assets Investment Management LLC now owns 2,908 shares of the company’s stock valued at $38,000 after purchasing an additional 2,684 shares in the last quarter. Finally, NBC Securities Inc. increased its position in Smith & Wesson Brands by 823.8% in the third quarter. NBC Securities Inc. now owns 4,000 shares of the company’s stock worth $51,000 after purchasing an additional 3,567 shares during the last quarter. Institutional investors own 59.33% of the company’s stock.

Analysts Set New Price Targets

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

Smith & Wesson Brands Stock Performance

NASDAQ SWBI opened at $10.10 on Wednesday. The business’s 50 day moving average price is $11.68 and its 200-day moving average price is $13.23. Smith & Wesson Brands, Inc. has a fifty-two week low of $9.68 and a fifty-two week high of $18.05. The company has a market cap of $444.43 million, a P/E ratio of 12.95 and a beta of 1.02. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.43 and a current ratio of 3.97.

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

Smith & Wesson Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 19th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date was Thursday, December 19th. Smith & Wesson Brands’s dividend payout ratio (DPR) is currently 66.67%.

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.