BlackRock Fund Advisors recently announced the acquisition of new stake in Smith & Wesson Brands Inc (NASDAQ:SWBI). The institutional investor has increased its shareholding in the Industrials company by 2.57% to 3.77 million shares with purchase of 94532.0 shares. This fresh investment now brings its stake to 8.17% valued currently at $51.82 million. In addition, The Vanguard Group, Inc. raised its holdings by 93243.0 to 3.45 million shares. And Dimensional Fund Advisors LP has lifted its position by 7.59% or 0.21 million shares – to 3.01 million shares.
With over 0.45 million Smith & Wesson Brands Inc (SWBI) shares trading Friday and a closing price of $13.61 on the day, the dollar volume was approximately $6.13 million. The shares have shown a positive half year performance of 3.89% and its price on 12/22/23 gained nearly 1.64%. Currently, there are 45.99M common shares owned by the public and among those 44.54M shares have been available to trade.
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Insiders at the company have transacted a total of 31 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 176,543 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 47,769 shares.
The top 3 mutual fund holders in Smith & Wesson Brands Inc are Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and iShares US Aerospace & Defense ET. Vanguard Total Stock Market ETF owns 1.43 million shares of the company’s stock, all valued at over $19.71 million. iShares Russell 2000 ETF bought 555.0 shares to see its total holdings expand to 1.13 million shares valued at over $15.49 million and representing 2.44% of the shares outstanding. iShares US Aerospace & Defense ET bought 841.0 shares to bring its total holdings to over 0.8 million shares at a value of $10.97 million. iShares US Aerospace & Defense ET now owns shares totaling to 1.73% of the shares outstanding.
Shares of Smith & Wesson Brands Inc (NASDAQ: SWBI) opened at $13.45, up $0.06 from a prior closing price of $13.39. However, the script later moved the day high at 13.67, up 1.64%. The company’s stock has a 5-day price change of 4.37% and 6.16% over the past three months. SWBI shares are trading 56.80% year to date (YTD), with the 12-month market performance up to 61.45% higher. It has a 12-month low price of $8.20 and touched a high of $14.86 over the same period. SWBI has an average intraday trading volume of 529.29K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.16%, -1.73%, and 7.54% respectively.
Institutional ownership of Smith & Wesson Brands Inc (NASDAQ: SWBI) shares accounts for 57.49% of the company’s 45.99M shares outstanding. Mutual fund holders own 3.16%, while other institutional holders and individual stakeholders account for 30.68% and 26.19% respectively.
It has a market capitalization of $621.16M and a beta (3y monthly) value of 1.09. The stock’s trailing 12-month PE ratio is 21.25, while the earnings-per-share (ttm) stands at $0.64. The company has a PEG of 1.42 and a Quick Ratio of 1.30 with the debt-to-equity ratio at 0.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.68% over the week and 3.25% over the month.
Analysts forecast that Smith & Wesson Brands Inc (SWBI) will achieve an EPS of $0.1 for the current quarter, $0.29 for the next quarter and $0.97 for 2025. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.12. Comparatively, EPS for the current quarter was $0.24 a year ago. Earnings per share for the fiscal year are expected to decrease by -28.19%, and 19.26% over the next financial year. EPS should shrink at an annualized rate of 15.00% over the next five years, compared to 16.64% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Smith & Wesson Brands Inc (SWBI) as a “Strong Buy” at a consensus score of 1.67. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 1 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the SWBI, a number of firms have released research notes about the stock. Lake Street stated their Buy rating for the stock in a research note on December 07, 2022, with the firm’s price target at $22-$13.50.
