Smith & Wesson Holding Corp. (NASDAQ:SWHC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday.

According to Zacks, “Smith & Wesson Holding Corporation is one of the world’s leading producers of quality handguns, law enforcement products and firearm safety and security products. Law enforcement personnel, military personnel, target shooters, hunters, collectors and firearms enthusiasts throughout the world have used the company’s products with confidence for 150 years. Smith & Wesson Corp. also manufactures and markets Smith & Wesson branded handcuffs and other products utilizing its metal working expertise and providing products and services to many external customers. “

A number of other equities research analysts have also issued reports on SWHC. Forward View reaffirmed a “buy” rating on shares of Smith & Wesson Holding Corp. in a research report on Saturday, November 12th. Vetr lowered Smith & Wesson Holding Corp. from a “strong-buy” rating to a “buy” rating and set a $31.16 target price on the stock. in a research report on Monday, November 7th. Wunderlich boosted their target price on Smith & Wesson Holding Corp. from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Saturday, September 3rd. Wedbush reaffirmed a “neutral” rating and set a $32.00 target price (up from $29.00) on shares of Smith & Wesson Holding Corp. in a research report on Sunday, September 4th. Finally, Craig Hallum boosted their target price on Smith & Wesson Holding Corp. from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Eight investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.11.

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

Shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) opened at 24.13 on Friday. The company has a 50 day moving average of $25.65 and a 200 day moving average of $26.28. The company has a market cap of $1.36 billion, a PE ratio of 12.13 and a beta of 0.85. Smith & Wesson Holding Corp. has a 52 week low of $17.93 and a 52 week high of $31.19.

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 analysts’ consensus estimates of $0.53 by $0.09. The company 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 firm’s revenue for the quarter was up 40.1% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. On average, analysts expect that Smith & Wesson Holding Corp. will post $2.48 EPS for the current year.

In other 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 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 filing with the SEC, which is accessible through this hyperlink. Also, Director Isabell Marie Wadecki sold 6,500 shares of the company’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $28.50, for a total value of $185,250.00. Following the sale, the director now owns 35,686 shares of the company’s stock, valued at approximately $1,017,051. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Seven Eight Capital LLC bought a new stake in Smith & Wesson Holding Corp. during the second quarter valued at about $110,000. DekaBank Deutsche Girozentrale increased its stake in Smith & Wesson Holding Corp. by 144.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 4,498 shares of the company’s stock valued at $116,000 after buying an additional 2,657 shares during the period. BlackRock Japan Co. Ltd bought a new stake in Smith & Wesson Holding Corp. during the second quarter valued at about $124,000. BlackRock Inc. increased its stake in Smith & Wesson Holding Corp. by 208.7% in the first quarter. BlackRock Inc. now owns 4,745 shares of the company’s stock valued at $126,000 after buying an additional 3,208 shares during the period. Finally, New York State Teachers Retirement System bought a new stake in Smith & Wesson Holding Corp. during the second quarter valued at about $128,000. Institutional investors own 71.69% of the company’s stock.

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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