Smith & Wesson Brands’ (SWBI) “Buy” Rating Reaffirmed at Aegis

Aegis reissued their buy rating on shares of Smith & Wesson Brands (NASDAQ:SWBI) in a research report report published on Tuesday, PriceTargets.com reports. Aegis also issued estimates for Smith & Wesson Brands’ FY2024 earnings at $0.80 EPS and FY2025 earnings at $0.89 EPS.

Smith & Wesson Brands Trading Up 1.6 %

NASDAQ:SWBI opened at $11.54 on Tuesday. The company has a market capitalization of $532.57 million, a PE ratio of 14.43 and a beta of 1.18. The company has a quick ratio of 1.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.16. Smith & Wesson Brands has a 52-week low of $8.20 and a 52-week high of $13.69. The stock has a fifty day simple moving average of $12.46 and a 200-day simple moving average of $12.11.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings data on Thursday, September 7th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The firm had revenue of $114.20 million during the quarter, compared to analysts’ expectations of $100.93 million. Smith & Wesson Brands had a return on equity of 11.71% and a net margin of 7.21%. The firm’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS.

Smith & Wesson Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.16%. The ex-dividend date is Wednesday, September 20th. Smith & Wesson Brands’s dividend payout ratio (DPR) is 60.00%.

Institutional Trading of Smith & Wesson Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Smith & Wesson Brands by 2.1% in the 2nd quarter. BlackRock Inc. now owns 4,006,791 shares of the company’s stock valued at $52,249,000 after buying an additional 82,622 shares during the period. Vanguard Group Inc. grew its holdings in shares of Smith & Wesson Brands by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,332,902 shares of the company’s stock worth $34,563,000 after purchasing an additional 8,524 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Smith & Wesson Brands by 12.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,795,668 shares of the company’s stock worth $36,456,000 after purchasing an additional 305,070 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Smith & Wesson Brands by 1.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,503,072 shares of the company’s stock worth $32,640,000 after purchasing an additional 36,400 shares during the period. Finally, UBS Group AG grew its holdings in shares of Smith & Wesson Brands by 2,661.1% during the 1st quarter. UBS Group AG now owns 1,649,089 shares of the company’s stock worth $20,300,000 after purchasing an additional 1,589,364 shares during the period. Hedge funds and other institutional investors own 57.47% of the company’s stock.

About Smith & Wesson Brands

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.