Today, Smith & Wesson Holding Corp. (SWHC) Short Interest Up 26.3% in November

Today, Smith & Wesson Holding Corp. (SWHC) Short Interest Up 26.3% in November

Smith & Wesson Holding Corp. (NASDAQ:SWHC) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 11,626,668 shares, an increase of 26.3% from the October 31st total of 9,204,278 shares. Approximately 21.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,118,730 shares, the days-to-cover ratio is presently 2.8 days.

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

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

In related news, Director Mitchell A. Saltz sold 3,000 shares of Smith & Wesson Holding Corp. stock in a transaction that occurred on Thursday, October 6th. The stock was sold at an average price of $25.35, for a total value of $76,050.00. Following the sale, the director now directly owns 6,914 shares in the company, valued at $175,269.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael F. Golden sold 54,200 shares of Smith & Wesson Holding Corp. stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $27.00, for a total value of $1,463,400.00. Following the completion of 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. 1.94% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted 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 valued at $178,442,000 after buying an additional 1,240,795 shares in the last quarter. Prudential Financial Inc. raised its position in shares of 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 raised its position in shares of 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 raised its position in shares of 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 raised its position in shares of 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. Hedge funds and other institutional investors own 70.63% of the company’s stock.

SWHC has been the topic of a number of analyst reports. Wedbush restated a “neutral” rating and issued a $29.00 price target (up from $23.00) on shares of Smith & Wesson Holding Corp. in a research note on Friday, August 26th. Wunderlich downgraded Smith & Wesson Holding Corp. from a “buy” rating to a “hold” rating and decreased their target price for the stock from $36.00 to $29.00 in a research report on Thursday, October 6th. Vetr upgraded Smith & Wesson Holding Corp. from a “buy” rating to a “strong-buy” rating and set a $31.72 target price on the stock in a research report on Tuesday, September 6th. Lake Street Capital downgraded Smith & Wesson Holding Corp. from a “buy” rating to a “hold” rating and decreased their target price for the stock from $37.00 to $20.00 in a research report on Monday, November 21st. Finally, Craig Hallum downgraded Smith & Wesson Holding Corp. from a “buy” rating to a “hold” rating and decreased their target price for the stock from $35.00 to $33.00 in a research report on Friday, September 2nd. 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 stock. The stock currently has a consensus rating of “Hold” and an average price target of $27.71.

Smith & Wesson Holding Corp. Company Profile

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