Smith & Wesson Brands, Inc. $SWBI Holdings Boosted by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its position in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 933.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,532 shares of the company’s stock after purchasing an additional 56,479 shares during the quarter. Kestra Advisory Services LLC’s holdings in Smith & Wesson Brands were worth $896,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SWBI. Lesa Sroufe & Co boosted its position in Smith & Wesson Brands by 11.1% during the 1st quarter. Lesa Sroufe & Co now owns 83,567 shares of the company’s stock worth $1,198,000 after acquiring an additional 8,342 shares during the period. Sterling Capital Management LLC grew its holdings in shares of Smith & Wesson Brands by 661.0% during the 1st quarter. Sterling Capital Management LLC now owns 19,276 shares of the company’s stock valued at $276,000 after acquiring an additional 16,743 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Smith & Wesson Brands by 120.8% during the 1st quarter. SG Americas Securities LLC now owns 29,776 shares of the company’s stock valued at $427,000 after acquiring an additional 16,293 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Smith & Wesson Brands in the fourth quarter worth $153,000. Finally, Invesco Ltd. raised its stake in shares of Smith & Wesson Brands by 2.2% during the 4th quarter. Invesco Ltd. now owns 137,004 shares of the company’s stock worth $1,352,000 after purchasing an additional 2,983 shares in the last quarter. Institutional investors and hedge funds own 59.33% of the company’s stock.

Smith & Wesson Brands Stock Performance

Shares of SWBI opened at $14.64 on Friday. The company has a market capitalization of $654.80 million, a PE ratio of 36.60 and a beta of 0.84. Smith & Wesson Brands, Inc. has a one year low of $7.73 and a one year high of $17.56. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.20 and a quick ratio of 1.13. The company’s fifty day moving average price is $15.16 and its 200 day moving average price is $13.80.

Smith & Wesson Brands (NASDAQ:SWBI) last released its quarterly earnings results on Wednesday, June 17th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.13. The company had revenue of $178.39 million during the quarter, compared to analysts’ expectations of $155.27 million. Smith & Wesson Brands had a net margin of 3.53% and a return on equity of 5.01%. The business’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 earnings per share. As a group, analysts expect that Smith & Wesson Brands, Inc. will post 0.55 earnings per share for the current year.

Smith & Wesson Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Wednesday, July 1st. Smith & Wesson Brands’s dividend payout ratio is currently 130.00%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Lake Street Capital boosted their price target on Smith & Wesson Brands from $14.00 to $16.50 and gave the company a “buy” rating in a research note on Thursday, June 18th. Weiss Ratings upgraded shares of Smith & Wesson Brands from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Finally, Zacks Research raised shares of Smith & Wesson Brands to a “hold” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.50.

Smith & Wesson Brands Profile

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.