Smith & Wesson Holding Corp. (NASDAQ:SWHC)‘s stock had its “neutral” rating restated by Wedbush in a report issued on Friday. They currently have a $25.00 price objective on the stock, down from their previous price objective of $32.00. Wedbush’s price objective points to a potential upside of 6.34% from the company’s previous close.

Several other equities research analysts have also recently issued reports on SWHC. Forward View reaffirmed a “buy” rating on shares of Smith & Wesson Holding Corp. in a report on Saturday, November 12th. Wunderlich lifted their target price on Smith & Wesson Holding Corp. from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Saturday, September 3rd. Vetr cut 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 report on Monday, November 7th. Zacks Investment Research raised Smith & Wesson Holding Corp. from a “sell” rating to a “hold” rating in a report on Saturday, November 19th. Finally, Craig Hallum lifted their target price on Smith & Wesson Holding Corp. from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Nine equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $27.71.

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

Smith & Wesson Holding Corp. (NASDAQ:SWHC) traded up 1.32% during midday trading on Friday, reaching $23.82. The company’s stock had a trading volume of 932,347 shares. The company’s 50-day moving average is $25.40 and its 200 day moving average is $26.31. Smith & Wesson Holding Corp. has a 12-month low of $18.14 and a 12-month high of $31.19. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 11.98 and a beta of 0.85.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last posted its quarterly earnings results 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 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%. Smith & Wesson Holding Corp.’s revenue was up 40.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. Equities analysts forecast that Smith & Wesson Holding Corp. will post $2.43 earnings per share for the current year.

In related news, Director Isabell Marie Wadecki sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $28.50, for a total value of $185,250.00. Following the completion of the sale, the director now owns 35,686 shares in the company, valued at $1,017,051. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mitchell A. Saltz sold 3,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $175,269.90. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Several hedge funds have recently made changes to their positions in SWHC. New York State Teachers Retirement System purchased a new stake in shares of Smith & Wesson Holding Corp. during the second quarter worth about $128,000. First Quadrant L P CA raised its stake in shares of Smith & Wesson Holding Corp. by 50.0% in the second quarter. First Quadrant L P CA now owns 102,300 shares of the company’s stock worth $2,781,000 after buying an additional 34,100 shares during the last quarter. Capital One National Association raised its stake in shares of Smith & Wesson Holding Corp. by 2.2% in the second quarter. Capital One National Association now owns 312,500 shares of the company’s stock worth $8,493,000 after buying an additional 6,856 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Smith & Wesson Holding Corp. during the second quarter worth about $389,000. Finally, Cim LLC raised its stake in shares of Smith & Wesson Holding Corp. by 6.3% in the second quarter. Cim LLC now owns 10,323 shares of the company’s stock worth $281,000 after buying an additional 608 shares during the last quarter. Hedge funds and other institutional investors own 70.63% of the company’s stock.

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Smith & Wesson Holding Corp. Company Profile

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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