Smith & Wesson Brands (NASDAQ:SWBI) Hits New 52-Week High – Time to Buy?

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $11.55 and last traded at $11.3660, with a volume of 409829 shares. The stock had previously closed at $11.19.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SWBI. Weiss Ratings reiterated a “hold (c)” rating on shares of Smith & Wesson Brands in a report on Monday, December 29th. Wall Street Zen upgraded shares of Smith & Wesson Brands from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Smith & Wesson Brands has a consensus rating of “Hold” and an average target price of $11.00.

Smith & Wesson Brands Price Performance

The company has a market cap of $486.72 million, a price-to-earnings ratio of 57.58 and a beta of 1.07. The company has a current ratio of 4.98, a quick ratio of 1.58 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average price of $10.18 and a two-hundred day moving average price of $9.34.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its earnings results on Thursday, December 4th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. Smith & Wesson Brands had a return on equity of 2.34% and a net margin of 1.89%.The firm had revenue of $124.67 million during the quarter, compared to analysts’ expectations of $123.73 million. During the same period last year, the business earned $0.11 earnings per share. Smith & Wesson Brands’s quarterly revenue was down 3.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Thursday, December 18th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Thursday, December 18th. Smith & Wesson Brands’s dividend payout ratio is 273.68%.

Institutional Investors Weigh In On Smith & Wesson Brands

A number of hedge funds have recently made changes to their positions in SWBI. SummerHaven Investment Management LLC bought a new position in Smith & Wesson Brands in the 3rd quarter valued at $965,000. Allianz Asset Management GmbH acquired a new stake in shares of Smith & Wesson Brands in the second quarter valued at $372,000. Y Intercept Hong Kong Ltd bought a new position in shares of Smith & Wesson Brands in the second quarter valued at about $1,213,000. Lesa Sroufe & Co lifted its position in Smith & Wesson Brands by 2.9% during the 2nd quarter. Lesa Sroufe & Co now owns 81,167 shares of the company’s stock worth $705,000 after buying an additional 2,299 shares in the last quarter. Finally, Keynote Financial Services LLC bought a new stake in Smith & Wesson Brands during the 2nd quarter worth about $95,000. Institutional investors and hedge funds own 59.33% of the company’s stock.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a leading American manufacturer of firearms and related products, designing, producing and marketing a broad array of handguns, long guns and shooting accessories. The company’s portfolio includes revolvers, semi-automatic pistols and rifles under well-known brands such as M&P® (Military & Police) and Performance Center®, which are used by military, law enforcement, commercial and private customers. In addition to complete firearms, Smith & Wesson offers suppressors, optics mounts, holsters and other shooting accessories to support a full spectrum of professional and recreational shooting activities.

Founded in 1852 by Horace Smith and Daniel B.