Smith & Wesson Brands, Inc. $SWBI Shares Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC increased its holdings in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 257.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,390 shares of the company’s stock after buying an additional 33,428 shares during the period. Fidelis Capital Partners LLC owned about 0.10% of Smith & Wesson Brands worth $458,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in Smith & Wesson Brands by 25.3% in the first quarter. Royal Bank of Canada now owns 41,063 shares of the company’s stock worth $383,000 after acquiring an additional 8,290 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Smith & Wesson Brands by 41.4% in the first quarter. Goldman Sachs Group Inc. now owns 712,708 shares of the company’s stock worth $6,642,000 after acquiring an additional 208,739 shares during the last quarter. Creative Planning lifted its stake in Smith & Wesson Brands by 136.2% in the second quarter. Creative Planning now owns 29,387 shares of the company’s stock worth $255,000 after acquiring an additional 16,943 shares during the last quarter. Legal & General Group Plc lifted its stake in Smith & Wesson Brands by 10.3% in the second quarter. Legal & General Group Plc now owns 47,630 shares of the company’s stock worth $413,000 after acquiring an additional 4,431 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Smith & Wesson Brands in the second quarter worth approximately $190,000. 59.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SWBI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Smith & Wesson Brands in a research note on Friday, March 27th. Lake Street Capital lifted their price target on shares of Smith & Wesson Brands from $11.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Finally, Wall Street Zen upgraded shares of Smith & Wesson Brands from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.00.

Smith & Wesson Brands Stock Performance

Shares of Smith & Wesson Brands stock opened at $15.22 on Friday. The firm’s fifty day simple moving average is $14.90 and its 200-day simple moving average is $12.23. The stock has a market capitalization of $677.20 million, a price-to-earnings ratio of 66.18 and a beta of 0.91. Smith & Wesson Brands, Inc. has a 12 month low of $7.73 and a 12 month high of $15.79. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.50 and a quick ratio of 1.48.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. The company had revenue of $135.71 million for the quarter, compared to analysts’ expectations of $125.59 million. Smith & Wesson Brands had a net margin of 2.24% and a return on equity of 3.07%. Smith & Wesson Brands’s revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 EPS. As a group, equities analysts forecast that Smith & Wesson Brands, Inc. will post 0.27 earnings per share for the current year.

Smith & Wesson Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, March 19th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Thursday, March 19th. Smith & Wesson Brands’s payout ratio is presently 226.09%.

Smith & Wesson Brands 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.