Smith & Wesson Brands (NASDAQ:SWBI) Stock Price Up 2.1% – Still a Buy?

Smith & Wesson Brands, Inc. (NASDAQ:SWBI)’s share price was up 2.1% during trading on Thursday . The company traded as high as $15.36 and last traded at $15.25. 442,344 shares changed hands during trading, a decline of 53% from the average daily volume of 935,644 shares. The stock had previously closed at $14.93.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SWBI. Lake Street Capital lifted their price target on shares of Smith & Wesson Brands from $14.00 to $16.50 and gave the company a “buy” rating in a report on Thursday, June 18th. Weiss Ratings raised shares of Smith & Wesson Brands from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research upgraded shares of Smith & Wesson Brands to a “hold” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Smith & Wesson Brands currently has an average rating of “Hold” and an average price target of $16.50.

Smith & Wesson Brands Trading Up 2.1%

The company has a market cap of $682.13 million, a PE ratio of 38.13 and a beta of 0.84. The company has a current ratio of 3.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average price of $15.16 and a 200 day moving average price of $13.62.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings results on Wednesday, June 17th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.13. The company had revenue of $178.39 million for the quarter, compared to analyst estimates of $155.27 million. Smith & Wesson Brands had a return on equity of 5.01% and a net margin of 3.53%.The firm’s revenue was up 26.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. Sell-side analysts predict that Smith & Wesson Brands, Inc. will post 0.55 EPS for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were paid a $0.13 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $0.52 dividend on an annualized basis and a yield of 3.4%. Smith & Wesson Brands’s payout ratio is presently 130.00%.

Institutional Trading of Smith & Wesson Brands

A number of institutional investors and hedge funds have recently bought and sold shares of SWBI. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Smith & Wesson Brands during the fourth quarter valued at approximately $30,000. Western Wealth Management LLC bought a new stake in shares of Smith & Wesson Brands during the first quarter valued at approximately $34,000. Tower Research Capital LLC TRC raised its holdings in Smith & Wesson Brands by 205.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company’s stock worth $54,000 after acquiring an additional 4,200 shares during the last quarter. Rafferty Asset Management LLC raised its holdings in Smith & Wesson Brands by 12.2% in the 2nd quarter. Rafferty Asset Management LLC now owns 11,403 shares of the company’s stock worth $99,000 after acquiring an additional 1,237 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new position in Smith & Wesson Brands in the 2nd quarter valued at approximately $101,000. 59.33% of the stock is currently owned by institutional investors.

About Smith & Wesson Brands

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.