Smith & Wesson Brands (NASDAQ:SWBI) Sets New 1-Year High – Should You Buy?

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) reached a new 52-week high on Tuesday . The stock traded as high as $15.41 and last traded at $15.40, with a volume of 61643 shares. The stock had previously closed at $15.20.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SWBI shares. Lake Street Capital raised their price objective on shares of Smith & Wesson Brands from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Wall Street Zen raised shares of Smith & Wesson Brands from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smith & Wesson Brands in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Smith & Wesson Brands Stock Up 0.8%

The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.48 and a current ratio of 4.50. The firm’s 50-day moving average is $14.07 and its two-hundred day moving average is $11.52. The stock has a market cap of $691.37 million, a P/E ratio of 67.57 and a beta of 0.90.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. Smith & Wesson Brands had a net margin of 2.24% and a return on equity of 3.07%. The firm had revenue of $135.71 million during the quarter, compared to analysts’ expectations of $125.59 million. During the same quarter in the previous year, the company posted $0.02 EPS. Smith & Wesson Brands’s revenue was up 17.1% on a year-over-year basis. On average, equities research analysts anticipate that Smith & Wesson Brands, Inc. will post 0.27 earnings per share for the current year.

Smith & Wesson Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, March 19th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.3%. The ex-dividend date was Thursday, March 19th. Smith & Wesson Brands’s payout ratio is 226.09%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its holdings in Smith & Wesson Brands by 25.4% during the 4th 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 period. Millennium Management LLC acquired a new stake in Smith & Wesson Brands during the 3rd quarter worth $7,558,000. Two Sigma Investments LP grew its holdings in Smith & Wesson Brands by 166.1% during the 3rd 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 period. Goldman Sachs Group Inc. grew its holdings in Smith & Wesson Brands by 41.4% during the 1st 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 period. Finally, Trexquant Investment LP grew its holdings in Smith & Wesson Brands by 159.3% during the 4th quarter. Trexquant Investment LP now owns 318,026 shares of the company’s stock worth $3,139,000 after acquiring an additional 195,390 shares during the period. Institutional investors own 59.33% of the company’s stock.

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.