State Street Corp Decreases Position in Smith & Wesson Brands (NASDAQ:SWBI)

Share on StockTwits

State Street Corp cut its position in Smith & Wesson Brands (NASDAQ:SWBI) by 2.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,001,698 shares of the company’s stock after selling 29,608 shares during the period. State Street Corp owned approximately 1.82% of Smith & Wesson Brands worth $8,314,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Public Employees Retirement Association of Colorado increased its holdings in Smith & Wesson Brands by 9.7% during the first quarter. Public Employees Retirement Association of Colorado now owns 12,172 shares of the company’s stock valued at $101,000 after buying an additional 1,079 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Smith & Wesson Brands by 0.5% during the fourth quarter. Bank of New York Mellon Corp now owns 259,505 shares of the company’s stock valued at $2,408,000 after buying an additional 1,163 shares during the last quarter. Swiss National Bank increased its holdings in Smith & Wesson Brands by 1.4% during the first quarter. Swiss National Bank now owns 106,350 shares of the company’s stock valued at $883,000 after buying an additional 1,500 shares during the last quarter. Roman Butler Fullerton & Co. increased its holdings in Smith & Wesson Brands by 7.1% during the first quarter. Roman Butler Fullerton & Co. now owns 45,420 shares of the company’s stock valued at $377,000 after buying an additional 3,000 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in Smith & Wesson Brands during the fourth quarter valued at approximately $7,535,000. 66.70% of the stock is owned by institutional investors and hedge funds.

Shares of SWBI opened at $23.89 on Friday. Smith & Wesson Brands has a twelve month low of $5.41 and a twelve month high of $25.17. The company has a market cap of $1.33 billion, a P/E ratio of -21.33 and a beta of 0.80. The company has a current ratio of 3.05, a quick ratio of 1.78 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $22.33 and its 200-day simple moving average is $14.59.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings results on Thursday, June 18th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.17. The company had revenue of $233.64 million for the quarter, compared to the consensus estimate of $207.91 million. Smith & Wesson Brands had a negative net margin of 9.03% and a positive return on equity of 10.61%. The firm’s revenue was up 32.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 EPS. Analysts predict that Smith & Wesson Brands will post 1.85 earnings per share for the current fiscal year.

In related news, insider Susan Jean Cupero sold 1,385 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $18.28, for a total value of $25,317.80. Following the transaction, the insider now owns 15,866 shares of the company’s stock, valued at approximately $290,030.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John B. Furman sold 20,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $10.75, for a total transaction of $215,000.00. Following the completion of the transaction, the director now directly owns 52,790 shares in the company, valued at approximately $567,492.50. The disclosure for this sale can be found here. Insiders sold a total of 29,299 shares of company stock worth $358,959 in the last ninety days. 2.68% of the stock is currently owned by insiders.

A number of analysts have commented on the stock. Lake Street Capital upped their target price on shares of Smith & Wesson Brands from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. ValuEngine lowered shares of Smith & Wesson Brands from a “hold” rating to a “sell” rating in a research report on Thursday, July 2nd. Wedbush upped their price target on shares of Smith & Wesson Brands from $8.50 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Zacks Investment Research upgraded shares of Smith & Wesson Brands from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research report on Tuesday, June 16th. Finally, Craig Hallum upped their price target on shares of Smith & Wesson Brands from $14.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $19.20.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers firearms products, such as revolvers and pistols; modern sporting rifles, bolt action rifles, and muzzleloaders; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Thompson/Center Arms, and Gemtech brands.

Read More: What is a Roth IRA?

Institutional Ownership by Quarter for Smith & Wesson Brands (NASDAQ:SWBI)

Receive News & Ratings for Smith & Wesson Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith & Wesson Brands and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

State Street Corp Sells 3,201 Shares of RMR Group Inc
State Street Corp Sells 3,201 Shares of RMR Group Inc
State Street Corp Sells 40,292 Shares of Independent Bank Co.
State Street Corp Sells 40,292 Shares of Independent Bank Co.
State Street Corp Boosts Stock Position in Assembly Biosciences Inc
State Street Corp Boosts Stock Position in Assembly Biosciences Inc
State Street Corp Has $8.20 Million Stock Position in Verso Corp
State Street Corp Has $8.20 Million Stock Position in Verso Corp
Chefs’ Warehouse Inc  Shares Acquired by State Street Corp
Chefs’ Warehouse Inc Shares Acquired by State Street Corp
State Street Corp Buys Shares of 1,001,698 Smith & Wesson Brands
State Street Corp Buys Shares of 1,001,698 Smith & Wesson Brands


© 2006-2020 Ticker Report