Charles Schwab Investment Management Inc. Decreases Holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

Charles Schwab Investment Management Inc. lowered its holdings in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 22.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 536,257 shares of the company’s stock after selling 157,394 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Smith & Wesson Brands were worth $5,419,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. raised its stake in Smith & Wesson Brands by 5.8% during the 3rd quarter. Franklin Resources Inc. now owns 29,249 shares of the company’s stock worth $378,000 after acquiring an additional 1,598 shares in the last quarter. Barclays PLC increased its position in shares of Smith & Wesson Brands by 240.2% during the third quarter. Barclays PLC now owns 80,449 shares of the company’s stock worth $1,046,000 after purchasing an additional 56,800 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Smith & Wesson Brands by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,067,955 shares of the company’s stock valued at $13,865,000 after purchasing an additional 7,260 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Smith & Wesson Brands in the 4th quarter valued at about $114,000. Finally, Private Advisor Group LLC purchased a new position in Smith & Wesson Brands during the 4th quarter worth approximately $271,000. Institutional investors and hedge funds own 59.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SWBI shares. Lake Street Capital reduced their price objective on Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating for the company in a research note on Friday, March 7th. Craig Hallum cut shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating and decreased their price target for the stock from $18.00 to $13.00 in a research note on Friday, December 6th.

Smith & Wesson Brands Stock Performance

NASDAQ SWBI opened at $9.53 on Wednesday. The business’s 50-day moving average price is $10.42 and its 200 day moving average price is $11.65. The company has a quick ratio of 1.43, a current ratio of 3.97 and a debt-to-equity ratio of 0.36. The firm has a market cap of $419.35 million, a P/E ratio of 12.22 and a beta of 1.09. Smith & Wesson Brands, Inc. has a 52-week low of $9.17 and a 52-week high of $17.99.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its earnings results on Thursday, March 6th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. The company had revenue of $115.89 million for the quarter, compared to the consensus estimate of $119.46 million. On average, equities research analysts expect that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current year.

Smith & Wesson Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.52 dividend on an annualized basis and a yield of 5.46%. Smith & Wesson Brands’s payout ratio is currently 80.00%.

Smith & Wesson Brands 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.