Lake Street Capital cut shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) from a buy rating to a hold rating in a report published on Monday. They currently have $20.00 target price on the stock, down from their prior target price of $37.00.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Smith & Wesson Holding Corp. from a sell rating to a hold rating in a research note on Saturday. Forward View reaffirmed a buy rating on shares of Smith & Wesson Holding Corp. in a research note on Saturday, November 12th. Vetr raised shares of Smith & Wesson Holding Corp. from a buy rating to a strong-buy rating and set a $30.12 price target on the stock in a research note on Wednesday, November 9th. Wunderlich cut shares of Smith & Wesson Holding Corp. from a buy rating to a hold rating and decreased their price target for the stock from $36.00 to $29.00 in a research note on Thursday, October 6th. Finally, Craig Hallum began coverage on shares of Smith & Wesson Holding Corp. in a research note on Monday, September 5th. They set a hold rating on the stock. Nine equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Smith & Wesson Holding Corp. has a consensus rating of Hold and an average target price of $28.41.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) opened at 23.7895 on Monday. Smith & Wesson Holding Corp. has a 52-week low of $18.01 and a 52-week high of $31.19. The company’s 50-day moving average is $25.54 and its 200-day moving average is $26.32. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 11.9605 and a beta of 0.85.

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

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

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in 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 worth $178,442,000 after buying an additional 1,240,795 shares during the last quarter. Prudential Financial Inc. increased its stake in 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 worth $55,014,000 after buying an additional 1,828,560 shares during the last quarter. 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 last quarter. Dimensional Fund Advisors LP increased its stake in 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 worth $49,764,000 after buying an additional 43,956 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in 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 worth $48,178,000 after buying an additional 84,988 shares during the last quarter. 70.63% of the stock is owned by institutional investors and hedge funds.

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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