Todays Report: Today, Smith & Wesson Holding Corp. (SWHC) Rating Reiterate by Wedbush

Today, Smith & Wesson Holding Corp. (SWHC) Rating Reiterate by Wedbush

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

A number of other brokerages also recently issued reports on SWHC. Craig Hallum downgraded shares of Smith & Wesson Holding Corp. from a “buy” rating to a “hold” rating and cut their price target for the stock from $35.00 to $33.00 in a report on Friday, September 2nd. Vetr downgraded shares of Smith & Wesson Holding Corp. from a “strong-buy” rating to a “buy” rating and set a $32.44 target price for the company. in a report on Thursday, September 1st. Wunderlich lifted their target price on shares of Smith & Wesson Holding Corp. from $34.00 to $36.00 and gave the company a “buy” rating in a report on Sunday, August 28th. Zacks Investment Research downgraded shares of Smith & Wesson Holding Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, November 9th. 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. Nine research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $27.71.

Shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) traded up 1.32% during trading on Friday, hitting $23.82. The stock had a trading volume of 932,347 shares. Smith & Wesson Holding Corp. has a one year low of $18.14 and a one year high of $31.19. The stock has a market cap of $1.34 billion, a P/E ratio of 11.98 and a beta of 0.85. The stock’s 50 day moving average price is $25.40 and its 200-day moving average price is $26.31.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last announced its quarterly earnings results on Thursday, September 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.09. The business earned $207 million during the quarter. Smith & Wesson Holding Corp. had a net margin of 14.34% and a return on equity of 42.17%. The firm’s quarterly revenue was up 40.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 EPS. Analysts expect that Smith & Wesson Holding Corp. will post $2.43 earnings per share for the current fiscal year.

In other news, Director Isabell Marie Wadecki sold 6,500 shares of Smith & Wesson Holding Corp. stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $28.50, for a total transaction of $185,250.00. Following the completion of the sale, the director now directly owns 35,686 shares of the company’s stock, valued at approximately $1,017,051. The transaction was disclosed in a filing 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 on Friday, November 4th. The stock was sold at an average price of $27.00, for a total transaction of $1,463,400.00. Following the sale, the director now directly owns 344,385 shares of the company’s stock, valued at $9,298,395. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Seven Eight Capital LLC purchased a new stake in Smith & Wesson Holding Corp. during the second quarter valued at about $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 worth $116,000 after buying an additional 2,657 shares during the period. BlackRock Japan Co. Ltd bought a new stake in shares of Smith & Wesson Holding Corp. during the second quarter worth $124,000. New York State Teachers Retirement System bought a new stake in shares of Smith & Wesson Holding Corp. during the second quarter worth $128,000. Finally, Perigon Wealth Management LLC bought a new stake in shares of Smith & Wesson Holding Corp. during the second quarter worth $134,000. 70.63% of the stock is owned by institutional investors and hedge funds.

About Smith & Wesson Holding Corp.

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