10,955 Shares in Smith & Wesson Brands, Inc. $SWBI Bought by Keynote Financial Services LLC

Keynote Financial Services LLC acquired a new position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,955 shares of the company’s stock, valued at approximately $95,000.

Several other large investors have also recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake in shares of Smith & Wesson Brands by 41.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 712,708 shares of the company’s stock worth $6,642,000 after purchasing an additional 208,739 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Smith & Wesson Brands during the second quarter worth about $1,213,000. Nuveen LLC bought a new stake in Smith & Wesson Brands in the first quarter worth about $1,199,000. Vanguard Group Inc. boosted its stake in Smith & Wesson Brands by 2.4% in the first quarter. Vanguard Group Inc. now owns 2,608,677 shares of the company’s stock valued at $24,313,000 after acquiring an additional 62,173 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new position in Smith & Wesson Brands in the second quarter valued at about $372,000. 59.33% of the stock is owned by hedge funds and other institutional investors.

Smith & Wesson Brands Stock Performance

Shares of SWBI stock opened at $8.61 on Tuesday. The stock has a market capitalization of $381.78 million, a P/E ratio of 35.88 and a beta of 0.98. The company has a current ratio of 5.21, a quick ratio of 1.37 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $9.54 and its 200 day moving average is $9.14. Smith & Wesson Brands, Inc. has a 12 month low of $7.73 and a 12 month high of $14.20.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings data on Thursday, September 4th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. Smith & Wesson Brands had a net margin of 2.34% and a return on equity of 3.10%. The business had revenue of $85.08 million during the quarter, compared to analyst estimates of $79.23 million. During the same period in the previous year, the business earned ($0.02) EPS. Smith & Wesson Brands’s revenue was down 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current year.

Smith & Wesson Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 18th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Thursday, September 18th. Smith & Wesson Brands’s payout ratio is presently 216.67%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SWBI. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Smith & Wesson Brands in a report on Wednesday, October 8th. Wall Street Zen raised Smith & Wesson Brands from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Zacks Research upgraded Smith & Wesson Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.00.

Smith & Wesson Brands Profile

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm’s brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.