Smith & Wesson Holding Corp. (NASDAQ:SWHC) was downgraded by research analysts at Wunderlich from a “buy” rating to a “hold” rating in a report released on Thursday.

Other equities analysts have also issued research reports about the company. Wedbush decreased their price target on Smith & Wesson Holding Corp. from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, June 10th. Cowen and Company upgraded Smith & Wesson Holding Corp. from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $29.00 to $28.00 in a research report on Friday, June 17th. Vetr lowered Smith & Wesson Holding Corp. from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a research report on Thursday, June 30th. Craig Hallum increased their price target on Smith & Wesson Holding Corp. from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Finally, Zacks Investment Research lowered Smith & Wesson Holding Corp. from a “hold” rating to a “sell” rating in a research report on Friday, June 10th. Eight equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $29.97.

Analyst Recommendations for Smith & Wesson Holding Corp. (NASDAQ:SWHC)

Smith & Wesson Holding Corp. (NASDAQ:SWHC) opened at 26.16 on Thursday. Smith & Wesson Holding Corp. has a 12-month low of $17.05 and a 12-month high of $31.19. The stock has a market cap of $1.47 billion, a PE ratio of 13.15 and a beta of 0.90. The firm has a 50-day moving average price of $27.69 and a 200-day moving average price of $25.97.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last released its quarterly earnings results on Thursday, September 1st. The company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.09. Smith & Wesson Holding Corp. had a return on equity of 42.17% and a net margin of 14.34%. The business earned $207 million during the quarter. During the same quarter last year, the business earned $0.32 EPS. The company’s revenue for the quarter was up 40.1% compared to the same quarter last year. Analysts forecast that Smith & Wesson Holding Corp. will post $2.48 EPS for the current fiscal year.

In other news, Director John B. Furman sold 19,679 shares of the firm’s stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $29.75, for a total transaction of $585,450.25. Following the completion of the sale, the director now directly owns 36,975 shares of the company’s stock, valued at approximately $1,100,006.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John B. Furman sold 38,921 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $29.75, for a total value of $1,157,899.75. Following the sale, the director now directly owns 13,975 shares of the company’s stock, valued at $415,756.25. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Several large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its stake in Smith & Wesson Holding Corp. by 42.5% in the third quarter. BNP Paribas Arbitrage SA now owns 16,127 shares of the company’s stock worth $429,000 after buying an additional 4,811 shares during the period. Royal Bank of Canada increased its stake in Smith & Wesson Holding Corp. by 6.8% in the second quarter. Royal Bank of Canada now owns 1,831,152 shares of the company’s stock worth $49,772,000 after buying an additional 116,638 shares during the period. IFP Advisors Inc increased its stake in Smith & Wesson Holding Corp. by 50.6% in the second quarter. IFP Advisors Inc now owns 14,233 shares of the company’s stock worth $387,000 after buying an additional 4,782 shares during the period. Perigon Wealth Management LLC purchased a new stake in Smith & Wesson Holding Corp. during the second quarter worth $134,000. Finally, Schwab Charles Investment Management Inc. increased its stake in Smith & Wesson Holding Corp. by 52.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 371,782 shares of the company’s stock worth $10,106,000 after buying an additional 127,704 shares during the period. 69.27% of the stock is owned by institutional investors.

Smith & Wesson Holding Corp. Company Profile

Smith & Wesson Holding Corporation is a manufacturer of firearms. The Company manufactures an array of handguns, including revolvers and pistols; long guns, including modern sporting rifles, bolt action rifles, and single shot rifles; handcuffs, and firearm-related products and accessories. The Company operates through two segments: firearms and accessories.

5 Day Chart for NASDAQ:SWHC

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