Smith & Wesson (SWBI) Stock Has Risen 137% Since The Year Began

Smith & Wesson Brands, Inc. (SWBI) has been risen more than 7 percent since start of the month. Demand for guns remains strong in the United States, and during the presidential election it received a conventional boost. As a consequence, in the second quarter of fiscal year 2021, Smith & Wesson (S&W) reported record revenue and profitability above Wall Street estimates.

S&W raised sales to $248.7 million in the past quarter, by 120 percent year-on-year. In fiscal year 2020 Q2, non-GAAP adjusted earnings hit $52.8 million ($0.93 per share), well above $472,000. On December 5, the firm announced a dividend of $0.05 per share which it has paid on this Wednesday.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


The long-barreled guns segment reported a huge rise in sales: + 217 percent, to around $76 million. The cause was probably the street riots. But sales also increased in the short-barreled arms (pistols and revolvers) segment: +98 percent, to $161 million.

The US presidential election, street riots and COVID-19 were the drivers of growth. Americans usually purchase weapons during campaigns, as they are afraid of potential breaches of ownership rights. The most common purchases in gun stores are usually handguns and revolvers for concealed carry during such times. But S&W’s semi-automatic rifles were much more common this year, perhaps because of the unrest that many Americans saw as a reminder that personal protection still has to be handled on their own.

Demand was strong, and by increasing the average price of products sold, S&W was able to minimize discounts. A conservative redesign of the product range is being continued by the company providing improvements to rifles and handguns that sell well. The M&P9 M2.0 Compact universal pistol, which can be used for home protection, concealed carry and competition, is among the latest products of the company.

Smith & Wesson Brands, Inc. (SWBI) closed the Wednesday trading at $16.93 and is up 137 percent since start of the year.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Hot Topics

Related Videos

Related Videos

Related Articles

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

592

100% free. stop anytime no spam