Smith & Wesson Brands (NASDAQ:SWBI) Downgraded by Craig Hallum to “Hold”

Craig Hallum cut shares of Smith & Wesson Brands (NASDAQ:SWBI) from a buy rating to a hold rating in a report issued on Friday, MarketBeat.com reports. They currently have $13.00 price target on the stock, down from their previous price target of $18.00.

Smith & Wesson Brands Price Performance

SWBI opened at $10.86 on Friday. The company has a current ratio of 3.54, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $13.19 and a two-hundred day simple moving average of $14.29. The company has a market cap of $487.07 million, a price-to-earnings ratio of 13.92 and a beta of 0.96. Smith & Wesson Brands has a 12-month low of $10.43 and a 12-month high of $18.05.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The company had revenue of $129.70 million for the quarter, compared to analysts’ expectations of $133.53 million. Smith & Wesson Brands had a net margin of 6.74% and a return on equity of 9.20%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS. Research analysts predict that Smith & Wesson Brands will post 0.73 earnings per share for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 19th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Thursday, December 19th. Smith & Wesson Brands’s payout ratio is currently 66.67%.

Institutional Trading of Smith & Wesson Brands

A number of institutional investors have recently made changes to their positions in SWBI. Quarry LP lifted its stake in shares of Smith & Wesson Brands by 2,773.0% in the 2nd quarter. Quarry LP now owns 2,126 shares of the company’s stock worth $30,000 after purchasing an additional 2,052 shares during the period. Blue Trust Inc. grew its holdings in shares of Smith & Wesson Brands by 311.0% in the second quarter. Blue Trust Inc. now owns 2,133 shares of the company’s stock valued at $31,000 after purchasing an additional 1,614 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Smith & Wesson Brands by 1,198.2% in the 3rd quarter. International Assets Investment Management LLC now owns 2,908 shares of the company’s stock worth $38,000 after buying an additional 2,684 shares in the last quarter. NBC Securities Inc. increased its stake in Smith & Wesson Brands by 823.8% during the third quarter. NBC Securities Inc. now owns 4,000 shares of the company’s stock worth $51,000 after acquiring an additional 3,567 shares during the last quarter. Finally, Copeland Capital Management LLC bought a new position in shares of Smith & Wesson Brands during the 3rd quarter valued at approximately $52,000. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.