IMG Wealth Management Inc. Buys New Position in Smith & Wesson Brands, Inc. (NASDAQ:SWBI)

IMG Wealth Management Inc. bought a new stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,344 shares of the company’s stock, valued at approximately $44,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in Smith & Wesson Brands by 5.8% during the 3rd quarter. Franklin Resources Inc. now owns 29,249 shares of the company’s stock valued at $378,000 after purchasing an additional 1,598 shares during the period. Barclays PLC raised its holdings in Smith & Wesson Brands by 240.2% in the 3rd quarter. Barclays PLC now owns 80,449 shares of the company’s stock valued at $1,046,000 after acquiring an additional 56,800 shares in the last quarter. Geode Capital Management LLC raised its holdings in Smith & Wesson Brands by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,067,955 shares of the company’s stock valued at $13,865,000 after acquiring an additional 7,260 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Smith & Wesson Brands in the 4th quarter valued at approximately $114,000. Finally, Private Advisor Group LLC acquired a new position in Smith & Wesson Brands in the 4th quarter valued at approximately $271,000. Institutional investors own 59.33% of the company’s stock.

Smith & Wesson Brands Trading Down 1.9 %

Shares of SWBI opened at $9.85 on Tuesday. Smith & Wesson Brands, Inc. has a 1 year low of $9.17 and a 1 year high of $18.05. The company has a current ratio of 3.97, a quick ratio of 1.43 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of $10.47 and a 200-day simple moving average of $11.84. The stock has a market cap of $433.43 million, a PE ratio of 12.63 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its earnings results on Thursday, March 6th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. Smith & Wesson Brands had a return on equity of 8.78% and a net margin of 7.00%. The business had revenue of $115.89 million during the quarter, compared to analysts’ expectations of $119.46 million. On average, sell-side analysts predict that Smith & Wesson Brands, Inc. will post 0.47 EPS for the current fiscal year.

Smith & Wesson Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be issued a $0.13 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.28%. Smith & Wesson Brands’s payout ratio is presently 80.00%.

Analysts Set New Price Targets

Several equities analysts have commented on SWBI shares. Craig Hallum cut Smith & Wesson Brands from a “buy” rating to a “hold” rating and cut their price target for the company from $18.00 to $13.00 in a report on Friday, December 6th. Lake Street Capital cut their price target on Smith & Wesson Brands from $13.00 to $12.50 and set a “buy” rating for the company in a report on Friday, March 7th.

Smith & Wesson Brands Profile

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm’s brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.