Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 22.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 536,257 shares of the company’s stock after selling 157,394 shares during the period. Charles Schwab Investment Management Inc. owned about 1.22% of Smith & Wesson Brands worth $5,419,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its stake in shares of Smith & Wesson Brands by 238.6% in the 4th quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company’s stock valued at $50,000 after purchasing an additional 3,476 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Smith & Wesson Brands in the fourth quarter valued at approximately $114,000. Peapack Gladstone Financial Corp purchased a new stake in shares of Smith & Wesson Brands in the third quarter valued at approximately $149,000. Intech Investment Management LLC acquired a new position in shares of Smith & Wesson Brands during the 3rd quarter worth approximately $163,000. Finally, EMC Capital Management lifted its position in shares of Smith & Wesson Brands by 144.4% during the 4th quarter. EMC Capital Management now owns 13,698 shares of the company’s stock valued at $138,000 after buying an additional 8,094 shares in the last quarter. Institutional investors and hedge funds own 59.33% of the company’s stock.

Analyst Upgrades and Downgrades

SWBI has been the subject of several research analyst reports. Lake Street Capital reduced their price target on shares of Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating for the company in a research report on Friday, March 7th. Craig Hallum lowered Smith & Wesson Brands from a “buy” rating to a “hold” rating and cut their price objective for the stock from $18.00 to $13.00 in a research note on Friday, December 6th.

Smith & Wesson Brands Stock Performance

NASDAQ SWBI opened at $9.53 on Wednesday. The stock has a fifty day simple moving average of $10.42 and a 200-day simple moving average of $11.65. Smith & Wesson Brands, Inc. has a twelve month low of $9.17 and a twelve month high of $17.99. The company has a current ratio of 3.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The stock has a market cap of $419.35 million, a PE ratio of 12.22 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The business had revenue of $115.89 million during the quarter, compared to analysts’ expectations of $119.46 million. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. Equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend is Thursday, March 20th. Smith & Wesson Brands’s dividend payout ratio (DPR) is presently 80.00%.

About Smith & Wesson Brands

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.