Smith & Wesson Holding Corp. (NASDAQ:SWHC) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 11,100,549 shares, a growth of 20.6% from the September 15th total of 9,202,099 shares. Based on an average daily volume of 1,999,074 shares, the short-interest ratio is currently 5.6 days. Currently, 20.1% of the shares of the company are short sold.

SWHC has been the subject of several recent analyst reports. Craig Hallum raised their target price on shares of Smith & Wesson Holding Corp. from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. Wunderlich restated a “buy” rating and issued a $34.00 target price (up previously from $32.00) on shares of Smith & Wesson Holding Corp. in a research note on Friday, July 15th. Vetr cut shares of Smith & Wesson Holding Corp. from a “strong-buy” rating to a “buy” rating and set a $28.00 target price for the company. in a research note on Wednesday, June 22nd. Zacks Investment Research upgraded shares of Smith & Wesson Holding Corp. from a “sell” rating to a “hold” rating and set a $29.00 target price for the company in a research note on Tuesday, June 21st. Finally, Wedbush restated a “hold” rating on shares of Smith & Wesson Holding Corp. in a research note on Friday, June 17th. Eight equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $29.27.

In other news, Director Mitchell A. Saltz sold 3,000 shares of the firm’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $25.35, for a total value of $76,050.00. Following the completion of the sale, the director now owns 6,914 shares in the company, valued at approximately $175,269.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John B. Furman sold 38,921 shares of the firm’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $29.75, for a total transaction of $1,157,899.75. Following the completion of the sale, the director now owns 13,975 shares of the company’s stock, valued at approximately $415,756.25. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of SWHC. Principal Financial Group Inc. raised its stake in shares of Smith & Wesson Holding Corp. by 0.5% in the second quarter. Principal Financial Group Inc. now owns 11,872 shares of the company’s stock worth $323,000 after buying an additional 55 shares during the period. NEXT Financial Group Inc raised its stake in shares of Smith & Wesson Holding Corp. by 1.9% in the second quarter. NEXT Financial Group Inc now owns 6,727 shares of the company’s stock worth $182,000 after buying an additional 128 shares during the period. Edge Wealth Management LLC raised its stake in shares of Smith & Wesson Holding Corp. by 2.3% in the third quarter. Edge Wealth Management LLC now owns 10,640 shares of the company’s stock worth $283,000 after buying an additional 240 shares during the period. Moors & Cabot Inc. raised its stake in shares of Smith & Wesson Holding Corp. by 2.7% in the second quarter. Moors & Cabot Inc. now owns 13,500 shares of the company’s stock worth $371,000 after buying an additional 350 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Smith & Wesson Holding Corp. by 0.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 68,760 shares of the company’s stock worth $1,869,000 after buying an additional 589 shares during the period. 69.27% of the stock is owned by institutional investors.

Shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) opened at 25.38 on Friday. The firm’s 50-day moving average is $27.09 and its 200-day moving average is $25.87. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 12.76 and a beta of 0.90. Smith & Wesson Holding Corp. has a 1-year low of $17.05 and a 1-year high of $31.19.

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

About Smith & Wesson Holding Corp.

Smith & Wesson Holding Corporation is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and rugged outdoor enthusiast. The Company operates through two segments: firearms and accessories. The firearm segment includes firearms, handcuffs and other related products sold through a distribution chain and direct sales to consumers and international, state and federal governments.

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