Smith & Wesson Brands (NASDAQ:SWBI) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Smith & Wesson Brands, Inc. (NASDAQ:SWBI)’s share price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $13.82 and traded as high as $14.07. Smith & Wesson Brands shares last traded at $13.84, with a volume of 594,635 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smith & Wesson Brands in a report on Tuesday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Smith & Wesson Brands currently has an average rating of “Hold” and a consensus price target of $16.50.

Smith & Wesson Brands Trading Up 0.1%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 3.62. The company has a market capitalization of $622.83 million, a price-to-earnings ratio of 25.72 and a beta of 0.80. The business’s 50-day simple moving average is $13.80 and its 200-day simple moving average is $13.92.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.12. The company had revenue of $112.59 million during the quarter, compared to analysts’ expectations of $98.70 million. Smith & Wesson Brands had a net margin of 4.44% and a return on equity of 6.60%. Smith & Wesson Brands’s revenue was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.08) EPS. On average, research analysts expect that Smith & Wesson Brands, Inc. will post 0.63 earnings per share for the current fiscal year.

Smith & Wesson Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.7%. Smith & Wesson Brands’s dividend payout ratio is 96.30%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SWBI. BlackRock Inc. bought a new stake in Smith & Wesson Brands in the second quarter valued at about $61,549,000. Dimensional Fund Advisors LP boosted its holdings in Smith & Wesson Brands by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,616,319 shares of the company’s stock worth $37,492,000 after buying an additional 143,069 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Smith & Wesson Brands during the 2nd quarter worth about $6,423,000. Arrowstreet Capital Limited Partnership grew its position in shares of Smith & Wesson Brands by 68.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 364,994 shares of the company’s stock worth $5,230,000 after buying an additional 147,795 shares during the period. Finally, Squarepoint Ops LLC grew its position in shares of Smith & Wesson Brands by 43.4% during the 2nd quarter. Squarepoint Ops LLC now owns 166,534 shares of the company’s stock worth $2,505,000 after buying an additional 50,429 shares during the period. 59.33% of the stock is currently owned by institutional investors.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is an American firearms manufacturer that designs, manufactures, and sells handguns, long guns, and related firearms products. Its portfolio includes pistols, revolvers, modern sporting rifles, and bolt-action rifles marketed under the Smith & Wesson and M&P brands, along with specialized products associated with its Performance Center.

The company serves a range of customers, including consumers, law enforcement agencies, military organizations, and security professionals.