Smith & Wesson Brands (NASDAQ:SWBI) Shares Cross Above 50 Day Moving Average – What’s Next?

Smith & Wesson Brands, Inc. (NASDAQ:SWBI)’s stock price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $13.82 and traded as high as $14.07. Smith & Wesson Brands shares last traded at $13.84, with a volume of 594,635 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Smith & Wesson Brands from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.50.

Smith & Wesson Brands Price Performance

The company has a current ratio of 3.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average price is $13.82 and its two-hundred day moving average price is $13.87. The stock has a market cap of $620.59 million, a PE ratio of 25.63 and a beta of 0.80.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.12. The company had revenue of $112.59 million for the quarter, compared to analyst estimates of $98.70 million. Smith & Wesson Brands had a net margin of 4.44% and a return on equity of 6.60%. Smith & Wesson Brands’s revenue was up 32.3% compared to the same quarter last year. During the same period last year, the company posted ($0.08) earnings per share. On average, equities analysts expect that Smith & Wesson Brands, Inc. will post 0.63 earnings per share for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 17th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.52 dividend on an annualized basis and a yield of 3.8%. Smith & Wesson Brands’s dividend payout ratio (DPR) is presently 96.30%.

Hedge Funds Weigh In On Smith & Wesson Brands

Large investors have recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new stake in shares of Smith & Wesson Brands during the second quarter valued at about $27,000. Western Wealth Management LLC purchased a new position in shares of Smith & Wesson Brands in the 1st quarter worth approximately $34,000. Public Employees Retirement System of Ohio purchased a new position in shares of Smith & Wesson Brands in the 2nd quarter worth approximately $59,000. Quantbot Technologies LP purchased a new position in shares of Smith & Wesson Brands in the 2nd quarter worth approximately $65,000. Finally, Legal & General Group Plc bought a new position in shares of Smith & Wesson Brands during the 2nd quarter worth approximately $65,000. 59.33% of the stock is currently owned by institutional investors.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is an American firearms manufacturer that designs, manufactures, and sells handguns, long guns, and related firearms products. Its portfolio includes pistols, revolvers, modern sporting rifles, and bolt-action rifles marketed under the Smith & Wesson and M&P brands, along with specialized products associated with its Performance Center.

The company serves a range of customers, including consumers, law enforcement agencies, military organizations, and security professionals.