Trade Report: Today: Smith & Wesson Holding Corp.’s (SWHC) “Neutral” Rating Reaffirm at Wedbush

Today: Smith & Wesson Holding Corp.’s (SWHC) “Neutral” Rating Reaffirm at Wedbush

Wedbush reissued their neutral rating on shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) in a report published on Friday morning. They currently have a $25.00 price objective on the stock, down from their prior price objective of $32.00.

A number of other analysts have also recently weighed in on the stock. Lake Street Capital cut shares of Smith & Wesson Holding Corp. from a buy rating to a hold rating and reduced their price objective for the stock from $37.00 to $20.00 in a research note on Monday, November 21st. Zacks Investment Research upgraded shares of Smith & Wesson Holding Corp. from a sell rating to a hold rating in a research note on Saturday, November 19th. Forward View restated a buy rating on shares of Smith & Wesson Holding Corp. in a research note on Saturday, November 12th. Vetr upgraded shares of Smith & Wesson Holding Corp. from a buy rating to a strong-buy rating and set a $30.12 price objective for the company in a research note on Wednesday, November 9th. Finally, Wunderlich cut shares of Smith & Wesson Holding Corp. from a buy rating to a hold rating and reduced their price objective for the stock from $36.00 to $29.00 in a research note on Thursday, October 6th. Nine analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Hold and an average price target of $27.71.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) opened at 23.82 on Friday. The stock has a 50 day moving average of $25.33 and a 200 day moving average of $26.32. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 11.98 and a beta of 0.85. Smith & Wesson Holding Corp. has a 12-month low of $18.14 and a 12-month high of $31.19.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last issued its quarterly earnings data on Thursday, September 1st. The company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 quarter in the previous year, the firm posted $0.32 earnings per share. Smith & Wesson Holding Corp.’s quarterly revenue was up 40.1% compared to the same quarter last year. Equities research analysts anticipate that Smith & Wesson Holding Corp. will post $2.43 earnings per share 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 shares were sold at an average price of $25.35, for a total value of $76,050.00. Following the sale, the director now owns 6,914 shares of the company’s stock, valued at approximately $175,269.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 transaction of $185,250.00. Following the completion of the sale, the director now directly owns 35,686 shares in the company, valued at approximately $1,017,051. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of SWHC. Seven Eight Capital LLC purchased a new stake in Smith & Wesson Holding Corp. during the second quarter valued at $110,000. DekaBank Deutsche Girozentrale raised 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 last quarter. BlackRock Japan Co. Ltd purchased a new stake in Smith & Wesson Holding Corp. during the second quarter valued at $124,000. New York State Teachers Retirement System purchased a new stake in Smith & Wesson Holding Corp. during the second quarter valued at $128,000. Finally, Perigon Wealth Management LLC purchased a new stake in Smith & Wesson Holding Corp. during the second quarter valued at $134,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Smith & Wesson Holding Corp. Company Profile

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