Trade Report: Today, Smith & Wesson Holding Corp. (SWHC) Decreased to “Buy” at Vetr Inc.

Today, Smith & Wesson Holding Corp. (SWHC) Decreased to “Buy” at Vetr Inc.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday. They currently have a $31.16 target price on the stock. Vetr‘s target price would indicate a potential upside of 30.81% from the stock’s previous close.

A number of other research firms also recently commented on SWHC. Wedbush reaffirmed a “neutral” rating and issued a $29.00 price objective (up previously from $23.00) on shares of Smith & Wesson Holding Corp. in a report on Friday, August 26th. Wunderlich downgraded shares of Smith & Wesson Holding Corp. from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $36.00 to $29.00 in a report on Thursday, October 6th. Craig Hallum downgraded shares of Smith & Wesson Holding Corp. from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $35.00 to $33.00 in a report on Friday, September 2nd. Zacks Investment Research downgraded shares of Smith & Wesson Holding Corp. from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 3rd. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of Smith & Wesson Holding Corp. in a report on Sunday, September 4th. Nine research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $27.71.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) traded up 1.32% during trading on Monday, hitting $23.82. 932,679 shares of the stock were exchanged. The stock’s 50 day moving average is $25.33 and its 200-day moving average is $26.32. The company 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. has a one year low of $18.14 and a one year high of $31.19.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last released its quarterly earnings results on Thursday, September 1st. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.09. Smith & Wesson Holding Corp. had a net margin of 14.34% and a return on equity of 42.17%. The business earned $207 million during the quarter. During the same period in the previous year, the business posted $0.32 EPS. The firm’s quarterly revenue was up 40.1% compared to the same quarter last year. On average, equities research analysts expect that Smith & Wesson Holding Corp. will post $2.43 earnings per share for the current fiscal year.

In related news, Director Mitchell A. Saltz sold 3,000 shares of Smith & Wesson Holding Corp. stock in a transaction dated Thursday, October 6th. The shares were 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 in the company, valued at $175,269.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael F. Golden sold 54,200 shares of Smith & Wesson Holding Corp. stock in a transaction dated 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 sale, the director now 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.

Large investors have recently modified their holdings of the stock. Seven Eight Capital LLC bought a new stake in shares of Smith & Wesson Holding Corp. during the second quarter worth $110,000. DekaBank Deutsche Girozentrale boosted its stake in shares of 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 acquired a new stake in shares of Smith & Wesson Holding Corp. during the second quarter valued at approximately $124,000. BlackRock Inc. boosted its stake in shares of 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 acquired a new stake in shares of Smith & Wesson Holding Corp. during the second quarter valued at approximately $128,000. Institutional investors and hedge funds own 70.63% of the company’s stock.

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.

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