Dimensional Fund Advisors LP Buys 143,069 Shares of Smith & Wesson Brands, Inc. $SWBI

Dimensional Fund Advisors LP increased its stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 5.8% in the first quarter, HoldingsChannel reports. The firm owned 2,616,319 shares of the company’s stock after buying an additional 143,069 shares during the period. Dimensional Fund Advisors LP owned approximately 0.06% of Smith & Wesson Brands worth $37,492,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in Smith & Wesson Brands in the fourth quarter valued at about $30,000. Tower Research Capital LLC TRC lifted its position in shares of Smith & Wesson Brands by 205.9% during the second quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company’s stock valued at $54,000 after buying an additional 4,200 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of Smith & Wesson Brands by 12.2% in the 2nd quarter. Rafferty Asset Management LLC now owns 11,403 shares of the company’s stock valued at $99,000 after buying an additional 1,237 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Smith & Wesson Brands in the 2nd quarter valued at about $101,000. Finally, Corient Private Wealth LLC purchased a new position in shares of Smith & Wesson Brands in the 2nd quarter worth approximately $104,000. Institutional investors own 59.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SWBI shares. Lake Street Capital boosted their price objective on shares of Smith & Wesson Brands from $14.00 to $16.50 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Zacks Research upgraded shares of Smith & Wesson Brands to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Weiss Ratings lowered shares of Smith & Wesson Brands from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Smith & Wesson Brands currently has an average rating of “Hold” and a consensus price target of $16.50.

Smith & Wesson Brands Trading Up 1.4%

Smith & Wesson Brands stock opened at $14.76 on Tuesday. The stock has a 50-day moving average of $15.09 and a two-hundred day moving average of $14.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 3.20. Smith & Wesson Brands, Inc. has a one year low of $7.74 and a one year high of $17.56. The stock has a market cap of $660.21 million, a PE ratio of 36.90 and a beta of 0.88.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings results on Wednesday, June 17th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.13. Smith & Wesson Brands had a return on equity of 5.01% and a net margin of 3.53%.The business had revenue of $178.39 million during the quarter, compared to the consensus estimate of $155.27 million. During the same quarter last year, the company earned $0.20 earnings per share. The company’s quarterly revenue was up 26.7% on a year-over-year basis. On average, research analysts anticipate that Smith & Wesson Brands, Inc. will post 0.55 EPS for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were paid a $0.13 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $0.52 dividend on an annualized basis and a yield of 3.5%. Smith & Wesson Brands’s dividend payout ratio (DPR) is 130.00%.

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.