Smith & Wesson Brands, Inc. (NASDAQ:SWBI) to Issue Quarterly Dividend of $0.13

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) declared a quarterly dividend on Thursday, September 3rd. Shareholders of record on Thursday, September 17th will be paid a dividend of 0.13 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, September 17th.

Smith & Wesson Brands has decreased its dividend by an average of 0.4%per year over the last three years and has increased its dividend every year for the last 4 years.

Smith & Wesson Brands Price Performance

Shares of SWBI opened at $12.27 on Friday. Smith & Wesson Brands has a 1 year low of $8.01 and a 1 year high of $17.56. The stock has a market cap of $550.19 million, a P/E ratio of 30.68 and a beta of 0.86. 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’s 50-day moving average price is $14.46 and its two-hundred day moving average price is $14.42.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings data on Thursday, September 3rd. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.12. Smith & Wesson Brands had a net margin of 3.53% and a return on equity of 5.01%. The business had revenue of $129.37 million during the quarter, compared to analysts’ expectations of $98.70 million. During the same quarter in the prior year, the company earned ($0.08) EPS. The firm’s quarterly revenue was up 32.3% on a year-over-year basis. On average, equities analysts predict that Smith & Wesson Brands will post 0.55 earnings per share for the current year.

Institutional Investors Weigh In On Smith & Wesson Brands

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Smith & Wesson Brands during the second quarter valued at about $61,549,000. Dimensional Fund Advisors LP increased its holdings in Smith & Wesson Brands by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,616,319 shares of the company’s stock worth $37,492,000 after buying an additional 143,069 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Smith & Wesson Brands by 25.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,311,503 shares of the company’s stock valued at $12,945,000 after buying an additional 265,370 shares during the period. Millennium Management LLC purchased a new stake in shares of Smith & Wesson Brands during the 3rd quarter valued at approximately $7,558,000. Finally, Two Sigma Investments LP boosted its stake in Smith & Wesson Brands by 166.1% in the 3rd quarter. Two Sigma Investments LP now owns 753,964 shares of the company’s stock worth $7,411,000 after purchasing an additional 470,602 shares during the period. 59.33% of the stock is currently owned by institutional investors.

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.