Teacher Retirement System of Texas Has $667,000 Stock Holdings in Smith & Wesson Brands, Inc. $SWBI

Teacher Retirement System of Texas lowered its stake in shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) by 13.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,881 shares of the company’s stock after selling 12,316 shares during the period. Teacher Retirement System of Texas’ holdings in Smith & Wesson Brands were worth $667,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Smith & Wesson Brands by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 2,608,677 shares of the company’s stock worth $24,313,000 after buying an additional 62,173 shares during the period. Nuveen LLC bought a new stake in shares of Smith & Wesson Brands during the first quarter valued at approximately $1,199,000. Goldman Sachs Group Inc. increased its holdings in shares of Smith & Wesson Brands by 41.4% during the first quarter. Goldman Sachs Group Inc. now owns 712,708 shares of the company’s stock valued at $6,642,000 after acquiring an additional 208,739 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in shares of Smith & Wesson Brands during the second quarter worth approximately $372,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Smith & Wesson Brands by 7.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 577,072 shares of the company’s stock worth $5,378,000 after purchasing an additional 40,815 shares in the last quarter. Institutional investors own 59.33% of the company’s stock.

Smith & Wesson Brands Stock Down 0.9%

Shares of NASDAQ:SWBI opened at $8.63 on Friday. Smith & Wesson Brands, Inc. has a 1 year low of $7.73 and a 1 year high of $14.20. The company has a market capitalization of $382.67 million, a PE ratio of 35.96 and a beta of 0.98. The business has a fifty day moving average price of $9.53 and a two-hundred day moving average price of $9.15. The company has a debt-to-equity ratio of 0.35, a current ratio of 5.21 and a quick ratio of 1.37.

Smith & Wesson Brands (NASDAQ:SWBI) last released its earnings results on Thursday, September 4th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. Smith & Wesson Brands had a net margin of 2.34% and a return on equity of 3.10%. The firm had revenue of $85.08 million for the quarter, compared to analysts’ expectations of $79.23 million. During the same period in the previous year, the company earned ($0.02) earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. Analysts forecast that Smith & Wesson Brands, Inc. will post 0.47 earnings per share for the current year.

Smith & Wesson Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 18th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.52 annualized dividend and a yield of 6.0%. Smith & Wesson Brands’s payout ratio is currently 216.67%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Smith & Wesson Brands from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Zacks Research upgraded shares of Smith & Wesson Brands from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Smith & Wesson Brands in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.00.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm’s brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.