Raymond James Financial Services Advisors Inc. Boosts Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Raymond James Financial Services Advisors Inc. boosted its holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 2.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 44,075 shares of the company’s stock after buying an additional 995 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Smith & Wesson Brands were worth $915,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rockefeller Capital Management L.P. grew its position in Smith & Wesson Brands by 233.3% in the second quarter. Rockefeller Capital Management L.P. now owns 1,000 shares of the company’s stock valued at $34,000 after acquiring an additional 700 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in Smith & Wesson Brands in the second quarter valued at approximately $26,000. SeaCrest Wealth Management LLC grew its position in Smith & Wesson Brands by 2.9% in the second quarter. SeaCrest Wealth Management LLC now owns 25,865 shares of the company’s stock valued at $898,000 after acquiring an additional 740 shares in the last quarter. NEXT Financial Group Inc grew its position in Smith & Wesson Brands by 81.0% in the third quarter. NEXT Financial Group Inc now owns 2,170 shares of the company’s stock valued at $45,000 after acquiring an additional 971 shares in the last quarter. Finally, IFP Advisors Inc grew its position in Smith & Wesson Brands by 34.2% in the third quarter. IFP Advisors Inc now owns 4,100 shares of the company’s stock valued at $85,000 after acquiring an additional 1,045 shares in the last quarter. Hedge funds and other institutional investors own 58.27% of the company’s stock.

Smith & Wesson Brands stock opened at $17.46 on Friday. The company has a market cap of $843.23 million, a PE ratio of 3.21 and a beta of 0.85. The company has a fifty day moving average price of $19.62 and a two-hundred day moving average price of $22.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.22 and a quick ratio of 2.06. Smith & Wesson Brands, Inc. has a 12 month low of $14.50 and a 12 month high of $39.61.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings data on Thursday, December 2nd. The company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.16). The business had revenue of $230.48 million during the quarter, compared to analyst estimates of $264.98 million. Smith & Wesson Brands had a return on equity of 98.57% and a net margin of 25.72%. The business’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. Equities research analysts anticipate that Smith & Wesson Brands, Inc. will post 4.57 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 3rd. Shareholders of record on Thursday, December 16th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Wednesday, December 15th. Smith & Wesson Brands’s dividend payout ratio is presently 5.88%.

SWBI has been the subject of a number of recent analyst reports. Lake Street Capital decreased their price target on shares of Smith & Wesson Brands from $43.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, December 3rd. Zacks Investment Research downgraded shares of Smith & Wesson Brands from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Cowen downgraded shares of Smith & Wesson Brands from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $38.00 to $22.00 in a research report on Friday, December 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $26.00.

In related news, insider Mark Peter Smith bought 3,076 shares of the business’s stock in a transaction on Monday, December 6th. The shares were bought at an average cost of $16.51 per share, for a total transaction of $50,784.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.84% of the company’s stock.

Smith & Wesson Brands Company 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. The company was founded by Horace Smith and Daniel Baird Wesson in 1852 and is headquartered in Springfield, MA.

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Institutional Ownership by Quarter for Smith & Wesson Brands (NASDAQ:SWBI)

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