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

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) declared a quarterly dividend on Thursday, June 20th, Zacks reports. Investors of record on Thursday, July 11th will be given a dividend of 0.13 per share on Thursday, July 25th. This represents a $0.52 annualized dividend and a yield of 3.71%. The ex-dividend date is Thursday, July 11th. This is a boost from Smith & Wesson Brands’s previous quarterly dividend of $0.12.

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

Smith & Wesson Brands Stock Performance

Shares of SWBI stock opened at $14.01 on Wednesday. The firm’s 50-day simple moving average is $15.80 and its 200-day simple moving average is $15.30. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.98 and a quick ratio of 1.32. Smith & Wesson Brands has a 1-year low of $10.38 and a 1-year high of $18.05. The firm has a market cap of $638.30 million, a P/E ratio of 16.29 and a beta of 1.09.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its quarterly earnings results on Thursday, June 20th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.10. Smith & Wesson Brands had a net margin of 7.39% and a return on equity of 11.03%. The company had revenue of $159.15 million for the quarter, compared to the consensus estimate of $156.80 million. During the same quarter last year, the firm posted $0.32 earnings per share. Smith & Wesson Brands’s revenue was up 9.9% on a year-over-year basis.

Analysts Set New Price Targets

Separately, Lake Street Capital increased their price objective on shares of Smith & Wesson Brands from $16.00 to $18.00 and gave the company 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 Smith & Wesson Brands stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $14.80, for a total value of $29,600.00. Following the completion of the transaction, the director now directly owns 69,569 shares in the company, valued at $1,029,621.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.99% of the company’s stock.

Smith & Wesson Brands Company Profile

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.