Wunderlich downgraded shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) from a buy rating to a hold rating in a research note published on Thursday. Wunderlich currently has $29.00 price target on the stock, down from their prior price target of $36.00.
SWHC has been the topic of several other reports. Wedbush reiterated a neutral rating and issued a $29.00 target price (up from $23.00) on shares of Smith & Wesson Holding Corp. in a report on Friday, August 26th. Vetr lowered shares of Smith & Wesson Holding Corp. from a strong-buy rating to a buy rating and set a $28.00 target price on the stock. in a report on Wednesday, June 22nd. Cowen and Company upgraded shares of Smith & Wesson Holding Corp. from a market perform rating to an outperform rating and decreased their target price for the company from $29.00 to $28.00 in a report on Friday, June 17th. Finally, Craig Hallum started coverage on shares of Smith & Wesson Holding Corp. in a report on Monday, September 5th. They issued a hold rating on the stock. Eight investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and an average price target of $29.27.
Shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) traded up 0.24% during trading on Thursday, reaching $25.27. 1,071,939 shares of the company traded hands. Smith & Wesson Holding Corp. has a 52 week low of $17.05 and a 52 week high of $31.19. The firm’s 50 day moving average price is $27.59 and its 200-day moving average price is $25.97. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 12.70 and a beta of 0.90.
Smith & Wesson Holding Corp. (NASDAQ:SWHC) last announced its quarterly earnings data on Thursday, September 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating the 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 company earned $207 million during the quarter. During the same period in the prior year, the company posted $0.32 EPS. The firm’s revenue was up 40.1% on a year-over-year basis. Equities analysts anticipate that Smith & Wesson Holding Corp. will post $2.48 EPS for the current fiscal year.
In other Smith & Wesson Holding Corp. news, Director John B. Furman sold 38,921 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $29.75, for a total transaction of $1,157,899.75. Following the sale, the director now directly owns 13,975 shares in the company, valued at approximately $415,756.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company 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 acquired a new stake in Smith & Wesson Holding Corp. during the second quarter worth about $110,000. BlackRock Japan Co. Ltd acquired a new stake in Smith & Wesson Holding Corp. during the second quarter worth about $124,000. BlackRock Inc. raised its stake in Smith & Wesson Holding Corp. by 208.7% in the first quarter. BlackRock Inc. now owns 4,745 shares of the company’s stock worth $126,000 after buying an additional 3,208 shares during the period. New York State Teachers Retirement System acquired a new stake in Smith & Wesson Holding Corp. during the second quarter worth about $128,000. Finally, Perigon Wealth Management LLC acquired a new stake in Smith & Wesson Holding Corp. during the second quarter worth about $134,000. Institutional investors own 69.27% of the company’s stock.
About Smith & Wesson Holding Corp.
Smith & Wesson Holding Corporation is a manufacturer of firearms. The Company manufactures an array of handguns, including revolvers and pistols; long guns, including modern sporting rifles, bolt action rifles, and single shot rifles; handcuffs, and firearm-related products and accessories. The Company operates through two segments: firearms and accessories.
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