7,970 Shares in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new stake in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,970 shares of the company’s stock, valued at approximately $81,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Franklin Resources Inc. raised its holdings in shares of Smith & Wesson Brands by 5.8% in the 3rd quarter. Franklin Resources Inc. now owns 29,249 shares of the company’s stock valued at $378,000 after acquiring an additional 1,598 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Smith & Wesson Brands by 11.8% in the 4th quarter. SG Americas Securities LLC now owns 17,795 shares of the company’s stock valued at $180,000 after acquiring an additional 1,872 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Smith & Wesson Brands by 19.5% during the 4th quarter. Larson Financial Group LLC now owns 12,161 shares of the company’s stock valued at $123,000 after purchasing an additional 1,983 shares during the last quarter. Verity Asset Management Inc. increased its position in shares of Smith & Wesson Brands by 15.7% during the 4th quarter. Verity Asset Management Inc. now owns 16,336 shares of the company’s stock valued at $165,000 after purchasing an additional 2,211 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Smith & Wesson Brands by 238.6% during the 4th quarter. Jones Financial Companies Lllp now owns 4,933 shares of the company’s stock valued at $50,000 after purchasing an additional 3,476 shares during the last quarter. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Smith & Wesson Brands Price Performance

SWBI opened at $9.85 on Tuesday. The stock’s 50 day simple moving average is $10.47 and its 200 day simple moving average is $11.84. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.97 and a quick ratio of 1.43. Smith & Wesson Brands, Inc. has a 1 year low of $9.17 and a 1 year high of $18.05. The firm has a market cap of $433.43 million, a price-to-earnings ratio of 12.63 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. The business had revenue of $115.89 million for the quarter, compared to analyst estimates of $119.46 million. As a group, analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.52 annualized dividend and a yield of 5.28%. Smith & Wesson Brands’s payout ratio is 80.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SWBI shares. Lake Street Capital reduced their price objective on Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating on the stock in a research report on Friday, March 7th. Craig Hallum lowered Smith & Wesson Brands from a “buy” rating to a “hold” rating and reduced their price objective for the company from $18.00 to $13.00 in a research report on Friday, December 6th.

About Smith & Wesson Brands

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.