Smith & Wesson Brands, Inc. (SWBI) to Issue Quarterly Dividend of $0.13 on July 15th

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) announced a quarterly dividend on Wednesday, June 17th. Shareholders of record on Wednesday, July 1st will be given a dividend of 0.13 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Wednesday, July 1st.

Smith & Wesson Brands has decreased its dividend payment by an average of 0.4%per year over the last three years and has raised its dividend every year for the last 4 years.

Smith & Wesson Brands Price Performance

Shares of NASDAQ SWBI opened at $15.23 on Monday. The business has a 50-day moving average of $15.10 and a two-hundred day moving average of $13.15. The company has a market capitalization of $681.24 million, a price-to-earnings ratio of 38.08 and a beta of 0.90. Smith & Wesson Brands has a 1 year low of $7.73 and a 1 year high of $17.56. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.20 and a quick ratio of 1.13.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings data on Wednesday, June 17th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.13. The business had revenue of $178.39 million for the quarter, compared to the consensus estimate of $155.27 million. Smith & Wesson Brands had a return on equity of 5.01% and a net margin of 3.53%.The business’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.20 EPS. On average, analysts forecast that Smith & Wesson Brands will post 0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SWBI. Millennium Management LLC purchased a new stake in Smith & Wesson Brands in the third quarter valued at approximately $7,558,000. Two Sigma Investments LP grew its position in shares of Smith & Wesson Brands by 166.1% during the third quarter. Two Sigma Investments LP now owns 753,964 shares of the company’s stock worth $7,411,000 after acquiring an additional 470,602 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Smith & Wesson Brands by 25.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,311,503 shares of the company’s stock worth $12,945,000 after acquiring an additional 265,370 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Smith & Wesson Brands by 41.4% during the first quarter. Goldman Sachs Group Inc. now owns 712,708 shares of the company’s stock worth $6,642,000 after acquiring an additional 208,739 shares during the last quarter. Finally, Trexquant Investment LP increased its holdings in shares of Smith & Wesson Brands by 159.3% in the 4th quarter. Trexquant Investment LP now owns 318,026 shares of the company’s stock valued at $3,139,000 after acquiring an additional 195,390 shares during the period. Hedge funds and other institutional investors 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.