Smith & Wesson Brands (NASDAQ:SWBI) Shares Break Above 200-Day Moving Average – What’s Next?

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) shares crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $13.99 and traded as high as $14.62. Smith & Wesson Brands shares last traded at $14.49, with a volume of 1,220,668 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Smith & Wesson Brands in a research report on Tuesday, October 27th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Smith & Wesson Brands has a consensus rating of “Hold” and an average price target of $16.50.

Smith & Wesson Brands Trading Up 10.0%

The company has a market cap of $649.73 million, a P/E ratio of 26.83 and a beta of 0.81. The company has a quick ratio of 0.98, a current ratio of 3.62 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $13.77 and a two-hundred day moving average price of $13.99.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.12. Smith & Wesson Brands had a net margin of 4.44% and a return on equity of 6.60%. The company had revenue of $112.59 million during the quarter, compared to analysts’ expectations of $98.70 million. During the same quarter in the previous year, the company earned ($0.08) EPS. Smith & Wesson Brands’s revenue was up 32.3% on a year-over-year basis. On average, analysts predict that Smith & Wesson Brands, Inc. will post 0.63 EPS for the current year.

Smith & Wesson Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 17th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Thursday, September 17th. Smith & Wesson Brands’s dividend payout ratio (DPR) is currently 96.30%.

Institutional Trading of Smith & Wesson Brands

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Smith & Wesson Brands during the second quarter worth about $61,549,000. Dimensional Fund Advisors LP raised its holdings in shares of Smith & Wesson Brands by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,616,319 shares of the company’s stock valued at $37,492,000 after purchasing an additional 143,069 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Smith & Wesson Brands in the second quarter worth $6,423,000. Arrowstreet Capital Limited Partnership increased its position in shares of Smith & Wesson Brands by 68.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 364,994 shares of the company’s stock valued at $5,230,000 after acquiring an additional 147,795 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in shares of Smith & Wesson Brands by 43.4% in the second quarter. Squarepoint Ops LLC now owns 166,534 shares of the company’s stock valued at $2,505,000 after buying an additional 50,429 shares in the last quarter. Institutional investors and hedge funds own 59.33% of the company’s stock.

About Smith & Wesson Brands

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.