Smith & Wesson Brands (NASDAQ:SWBI) Trading 7.5% Higher – Here’s What Happened

Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) were up 7.5% on Monday . The company traded as high as $11.18 and last traded at $11.3550. Approximately 276,494 shares were traded during trading, a decline of 46% from the average daily volume of 511,487 shares. The stock had previously closed at $10.56.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SWBI. Weiss Ratings reissued a “hold (c)” rating on shares of Smith & Wesson Brands in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Smith & Wesson Brands from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Smith & Wesson Brands presently has an average rating of “Hold” and an average target price of $11.00.

Smith & Wesson Brands Stock Performance

The firm has a market capitalization of $492.06 million, a P/E ratio of 58.21 and a beta of 1.07. The company has a 50-day moving average of $10.13 and a 200-day moving average of $9.33. The company has a current ratio of 4.98, a quick ratio of 1.58 and a debt-to-equity ratio of 0.34.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings results on Thursday, December 4th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $124.67 million during the quarter, compared to analysts’ expectations of $123.73 million. Smith & Wesson Brands had a return on equity of 2.34% and a net margin of 1.89%.The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share. On average, equities analysts anticipate that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th were given a $0.13 dividend. The ex-dividend date was Thursday, December 18th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.7%. Smith & Wesson Brands’s payout ratio is 273.68%.

Hedge Funds Weigh In On Smith & Wesson Brands

A number of hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Smith & Wesson Brands by 205.9% during the second quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company’s stock valued at $54,000 after acquiring an additional 4,200 shares during the last quarter. CWM LLC boosted its position in shares of Smith & Wesson Brands by 119.2% during the 2nd quarter. CWM LLC now owns 6,542 shares of the company’s stock valued at $57,000 after purchasing an additional 3,558 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Smith & Wesson Brands by 42.0% during the third quarter. Jones Financial Companies Lllp now owns 10,631 shares of the company’s stock worth $103,000 after purchasing an additional 3,142 shares during the period. Significant Wealth Partners LLC acquired a new stake in Smith & Wesson Brands during the third quarter worth approximately $106,000. Finally, Keynote Financial Services LLC bought a new stake in Smith & Wesson Brands in the second quarter worth approximately $95,000. Institutional investors own 59.33% of the company’s stock.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a leading American manufacturer of firearms and related products, designing, producing and marketing a broad array of handguns, long guns and shooting accessories. The company’s portfolio includes revolvers, semi-automatic pistols and rifles under well-known brands such as M&P® (Military & Police) and Performance Center®, which are used by military, law enforcement, commercial and private customers. In addition to complete firearms, Smith & Wesson offers suppressors, optics mounts, holsters and other shooting accessories to support a full spectrum of professional and recreational shooting activities.

Founded in 1852 by Horace Smith and Daniel B.