Landscape Capital Management L.L.C. Takes Position in Smith & Wesson Brands, Inc. $SWBI

Landscape Capital Management L.L.C. purchased a new stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 121,773 shares of the company’s stock, valued at approximately $1,831,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Smith & Wesson Brands in the 2nd quarter worth about $61,549,000. Dimensional Fund Advisors LP lifted its position in shares of Smith & Wesson Brands by 5.8% during the 1st 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Smith & Wesson Brands by 25.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,311,503 shares of the company’s stock worth $12,945,000 after buying an additional 265,370 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Smith & Wesson Brands in the 3rd quarter worth approximately $7,558,000. Finally, Two Sigma Investments LP grew its holdings in shares of Smith & Wesson Brands by 166.1% in the third quarter. Two Sigma Investments LP now owns 753,964 shares of the company’s stock valued at $7,411,000 after acquiring an additional 470,602 shares in the last quarter. 59.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Zacks Research upgraded Smith & Wesson Brands to a “hold” rating in a report on Tuesday, June 23rd. Lake Street Capital upped 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. Finally, Weiss Ratings lowered Smith & Wesson Brands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. One 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, the stock has an average rating of “Hold” and a consensus price target of $16.50.

Smith & Wesson Brands Price Performance

SWBI opened at $14.10 on Friday. The firm has a 50-day moving average price of $14.90 and a 200-day moving average price of $14.32. Smith & Wesson Brands, Inc. has a twelve month low of $7.99 and a twelve month high of $17.56. The company has a quick ratio of 1.13, a current ratio of 3.20 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $632.24 million, a price-to-earnings ratio of 35.25 and a beta of 0.88.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its quarterly earnings results on Wednesday, June 17th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.13. The company had revenue of $178.39 million for the quarter, compared to analysts’ expectations of $155.27 million. Smith & Wesson Brands had a net margin of 3.53% and a return on equity of 5.01%. Smith & Wesson Brands’s revenue was up 26.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. Equities analysts expect that Smith & Wesson Brands, Inc. will post 0.55 EPS for the current year.

Smith & Wesson Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders 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 3.7%. Smith & Wesson Brands’s dividend payout ratio is currently 130.00%.

About Smith & Wesson Brands

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.