Smith & Wesson Brands, Inc. $SWBI Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its holdings in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 933.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,532 shares of the company’s stock after purchasing an additional 56,479 shares during the period. Kestra Advisory Services LLC owned 0.14% of Smith & Wesson Brands worth $896,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in Smith & Wesson Brands during the fourth quarter worth about $30,000. Tower Research Capital LLC TRC grew its position in shares of 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 worth $54,000 after acquiring an additional 4,200 shares during the last quarter. Rafferty Asset Management LLC lifted its position 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 valued at $99,000 after purchasing an additional 1,237 shares during the last quarter. Ameriprise Financial Inc. bought a new position in Smith & Wesson Brands in the 2nd quarter worth about $101,000. Finally, Corient Private Wealth LLC bought a new position in Smith & Wesson Brands in the 2nd quarter worth about $104,000. 59.33% of the stock is currently owned by institutional investors.

Smith & Wesson Brands Price Performance

NASDAQ:SWBI opened at $14.64 on Friday. The company has a quick ratio of 1.13, a current ratio of 3.20 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average price is $15.16 and its 200 day moving average price is $13.80. Smith & Wesson Brands, Inc. has a 52-week low of $7.73 and a 52-week high of $17.56. The firm has a market cap of $654.80 million, a P/E ratio of 36.60 and a beta of 0.84.

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

Smith & Wesson Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.6%. Smith & Wesson Brands’s payout ratio is 130.00%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Lake Street Capital raised their target price on Smith & Wesson Brands from $14.00 to $16.50 and gave the company a “buy” rating in a research 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 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 analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Smith & Wesson Brands presently has an average rating of “Hold” and a consensus target price of $16.50.

Smith & Wesson Brands 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.