Vetr lowered shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) from a strong-buy rating to a buy rating in a research report released on Monday morning. They currently have $31.16 target price on the stock.

Several other research firms also recently weighed in on SWHC. Zacks Investment Research downgraded Smith & Wesson Holding Corp. from a strong-buy rating to a hold rating in a research report on Thursday, November 3rd. Wunderlich downgraded Smith & Wesson Holding Corp. from a buy rating to a hold rating and cut their target price for the company from $36.00 to $29.00 in a research report on Thursday, October 6th. Craig Hallum initiated coverage on Smith & Wesson Holding Corp. in a research report on Monday, September 5th. They set a hold rating on the stock. Wedbush reissued a neutral rating and set a $32.00 target price (up previously from $29.00) on shares of Smith & Wesson Holding Corp. in a research report on Sunday, September 4th. Finally, Cowen and Company reiterated an outperform rating and issued a $34.00 target price on shares of Smith & Wesson Holding Corp. in a report on Sunday, September 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $29.11.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) opened at 24.12 on Monday. Smith & Wesson Holding Corp. has a 12-month low of $17.05 and a 12-month high of $31.19. The firm’s 50-day moving average is $26.26 and its 200-day moving average is $26.24. The stock has a market capitalization of $1.36 billion, a P/E ratio of 12.13 and a beta of 0.85.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last announced its earnings results on Thursday, September 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.09. The business had revenue of $207 million for the quarter. Smith & Wesson Holding Corp. had a return on equity of 42.17% and a net margin of 14.34%. The company’s revenue for the quarter was up 40.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 earnings per share. Analysts predict that Smith & Wesson Holding Corp. will post $2.48 EPS for the current fiscal year.

In related news, Director Mitchell A. Saltz sold 3,000 shares of the company’s stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $25.35, for a total transaction of $76,050.00. Following the transaction, the director now directly owns 6,914 shares of the company’s stock, valued at approximately $175,269.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael F. Golden sold 54,200 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $27.00, for a total value of $1,463,400.00. Following the transaction, the director now directly owns 344,385 shares in the company, valued at $9,298,395. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in SWHC. Vanguard Group Inc. raised its position in shares of Smith & Wesson Holding Corp. by 23.3% in the second quarter. Vanguard Group Inc. now owns 6,565,220 shares of the company’s stock valued at $178,442,000 after buying an additional 1,240,795 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Smith & Wesson Holding Corp. by 760.6% in the third quarter. Prudential Financial Inc. now owns 2,068,979 shares of the company’s stock valued at $55,014,000 after buying an additional 1,828,560 shares in the last quarter. Royal Bank of Canada raised its position in shares of 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 valued at $49,772,000 after buying an additional 116,638 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Smith & Wesson Holding Corp. by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,830,961 shares of the company’s stock valued at $49,764,000 after buying an additional 43,956 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Smith & Wesson Holding Corp. by 4.9% in the third quarter. BlackRock Fund Advisors now owns 1,811,869 shares of the company’s stock valued at $48,178,000 after buying an additional 84,988 shares in the last quarter. 68.43% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NASDAQ:SWHC

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