Smith & Wesson Brands (NASDAQ:SWBI) Sets New 12-Month High – Here’s Why

Shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) hit a new 52-week high on Thursday . The stock traded as high as $12.05 and last traded at $12.01, with a volume of 322781 shares trading hands. The stock had previously closed at $11.84.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SWBI shares. Wall Street Zen raised shares of Smith & Wesson Brands from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Smith & Wesson Brands in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $11.00.

Smith & Wesson Brands Price Performance

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 firm has a market capitalization of $534.32 million, a PE ratio of 63.21 and a beta of 1.06. The firm has a 50-day moving average of $10.86 and a two-hundred day moving average of $9.73.

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

Smith & Wesson Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Thursday, December 18th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, December 18th. This represents a $0.52 annualized dividend and a dividend yield of 4.3%. Smith & Wesson Brands’s payout ratio is presently 273.68%.

Institutional Trading of Smith & Wesson Brands

Large investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Smith & Wesson Brands in the fourth quarter worth about $30,000. Tower Research Capital LLC TRC boosted its holdings in Smith & Wesson Brands by 205.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company’s stock worth $54,000 after acquiring an additional 4,200 shares during the period. CWM LLC boosted its holdings in Smith & Wesson Brands by 119.2% in the 2nd quarter. CWM LLC now owns 6,542 shares of the company’s stock worth $57,000 after acquiring an additional 3,558 shares during the period. Jones Financial Companies Lllp grew its position in Smith & Wesson Brands by 42.0% in the third quarter. Jones Financial Companies Lllp now owns 10,631 shares of the company’s stock valued at $103,000 after acquiring an additional 3,142 shares in the last quarter. Finally, Significant Wealth Partners LLC purchased a new stake in shares of Smith & Wesson Brands during the third quarter valued at approximately $106,000. 59.33% of the stock is currently owned by institutional investors and hedge funds.

About Smith & Wesson Brands

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.