Robert L. Scott Sells 2,000 Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Stock

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Director Robert L. Scott sold 2,000 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $14.80, for a total value of $29,600.00. Following the transaction, the director now owns 69,569 shares of the company’s stock, valued at $1,029,621.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Smith & Wesson Brands Trading Down 0.7 %

NASDAQ:SWBI opened at $14.06 on Wednesday. Smith & Wesson Brands, Inc. has a 1 year low of $10.38 and a 1 year high of $18.05. The stock has a market cap of $640.57 million, a price-to-earnings ratio of 16.35 and a beta of 1.09. The business has a fifty day moving average of $16.10 and a 200-day moving average of $15.27. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.32 and a current ratio of 2.98.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its earnings results on Thursday, June 20th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.10. Smith & Wesson Brands had a return on equity of 11.03% and a net margin of 7.39%. The business had revenue of $159.15 million during the quarter, compared to analysts’ expectations of $156.80 million. During the same quarter last year, the business posted $0.32 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis.

Smith & Wesson Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, July 11th. This represents a $0.52 annualized dividend and a yield of 3.70%. This is a boost from Smith & Wesson Brands’s previous quarterly dividend of $0.12. Smith & Wesson Brands’s dividend payout ratio (DPR) is currently 55.81%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in Smith & Wesson Brands by 1,255.8% during the fourth quarter. International Assets Investment Management LLC now owns 3,037 shares of the company’s stock valued at $41,000 after buying an additional 2,813 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Smith & Wesson Brands by 1,653.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,256 shares of the company’s stock valued at $161,000 after purchasing an additional 8,728 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Smith & Wesson Brands during the third quarter valued at $130,000. Keynote Financial Services LLC purchased a new stake in shares of Smith & Wesson Brands during the first quarter valued at $199,000. Finally, Jump Financial LLC purchased a new stake in shares of Smith & Wesson Brands during the fourth quarter valued at $176,000. Institutional investors own 59.33% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on SWBI. Craig Hallum raised Smith & Wesson Brands from a “hold” rating to a “buy” rating and increased their price target for the stock from $14.00 to $18.00 in a research note on Friday, March 8th. Lake Street Capital increased their price target on Smith & Wesson Brands from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, June 21st.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.