Smith & Wesson Brands, Inc. Declares Quarterly Dividend of $0.13 (NASDAQ:SWBI)

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) declared a quarterly dividend on Thursday, September 5th, Zacks reports. Investors of record on Thursday, September 19th will be given a dividend of 0.13 per share on Thursday, October 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Thursday, September 19th.

Smith & Wesson Brands has increased its dividend payment by an average of 66.3% annually over the last three years.

Smith & Wesson Brands Price Performance

Shares of NASDAQ SWBI traded down $1.34 during midday trading on Friday, reaching $12.85. 1,362,037 shares of the company were exchanged, compared to its average volume of 229,582. The stock’s 50-day moving average price is $14.91 and its 200-day moving average price is $15.76. The stock has a market cap of $579.28 million, a P/E ratio of 14.94 and a beta of 1.01. The company has a quick ratio of 1.32, a current ratio of 2.98 and a debt-to-equity ratio of 0.19. Smith & Wesson Brands has a one year low of $10.38 and a one year high of $18.05.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The business had revenue of $88.33 million for the quarter, compared to analyst estimates of $102.52 million. Smith & Wesson Brands had a return on equity of 11.03% and a net margin of 7.39%. Smith & Wesson Brands’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Analyst Ratings Changes

Separately, Lake Street Capital lifted their target price on shares of Smith & Wesson Brands from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, June 21st.

Insider Transactions at Smith & Wesson Brands

In other Smith & Wesson Brands news, Director Robert L. Scott sold 2,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $16.07, for a total transaction of $32,140.00. Following the sale, the director now owns 67,569 shares of the company’s stock, valued at $1,085,833.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.99% of the stock is currently owned by corporate insiders.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.