Renaissance Technologies LLC Sells 46,800 Shares of Smith & Wesson Brands, Inc. $SWBI

Renaissance Technologies LLC decreased its position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,150,074 shares of the company’s stock after selling 46,800 shares during the period. Renaissance Technologies LLC owned about 4.83% of Smith & Wesson Brands worth $30,811,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SWBI. Rafferty Asset Management LLC raised its stake in shares of Smith & Wesson Brands by 12.2% in the second 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 during the period. First Trust Advisors LP grew its stake in shares of Smith & Wesson Brands by 0.9% during the 1st quarter. First Trust Advisors LP now owns 141,782 shares of the company’s stock worth $2,032,000 after acquiring an additional 1,299 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Smith & Wesson Brands by 8.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 18,682 shares of the company’s stock worth $162,000 after acquiring an additional 1,405 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Smith & Wesson Brands by 9.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,253 shares of the company’s stock worth $250,000 after acquiring an additional 2,093 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in Smith & Wesson Brands by 8.4% in the 2nd quarter. Osaic Holdings Inc. now owns 30,969 shares of the company’s stock worth $269,000 after acquiring an additional 2,403 shares during the last quarter. 59.33% of the stock is owned by institutional investors.

Smith & Wesson Brands Price Performance

Shares of NASDAQ SWBI opened at $14.68 on Wednesday. The stock has a market cap of $656.64 million, a PE ratio of 36.70 and a beta of 0.84. Smith & Wesson Brands, Inc. has a fifty-two week low of $7.73 and a fifty-two week high of $17.56. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 3.20. The stock has a fifty day moving average of $15.14 and a 200-day moving average of $13.89.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings data on Wednesday, June 17th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $155.27 million. During the same quarter in the prior year, the firm posted $0.20 EPS. The firm’s quarterly revenue was up 26.7% on a year-over-year basis. Equities research analysts anticipate that Smith & Wesson Brands, Inc. will post 0.55 earnings per share for the current year.

Smith & Wesson Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.52 annualized dividend and a dividend yield of 3.5%. Smith & Wesson Brands’s dividend payout ratio is currently 130.00%.

Analyst Upgrades and Downgrades

SWBI has been the topic of a number of research reports. Lake Street Capital boosted their price objective 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 upgraded shares of Smith & Wesson Brands to a “hold” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.50.

Smith & Wesson Brands Company 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.