Smith & Wesson Holding Corp. (NASDAQ:SWHC) shares saw strong trading volume on Friday . 3,568,054 shares changed hands during trading, a decline of 6% from the previous session’s volume of 3,814,468 shares.The stock last traded at $29.31 and had previously closed at $28.29.

Several research analysts have recently weighed in on the company. Zacks Investment Research cut Smith & Wesson Holding Corp. from a “hold” rating to a “sell” rating in a research report on Friday, June 10th. Wedbush reaffirmed a “hold” rating on shares of Smith & Wesson Holding Corp. in a research report on Friday, June 17th. Vetr cut Smith & Wesson Holding Corp. from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a research report on Thursday, June 30th. Craig Hallum raised Smith & Wesson Holding Corp. from a “hold” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $28.00 in a research report on Friday, June 17th. Finally, Wunderlich reaffirmed a “buy” rating and set a $32.00 price objective on shares of Smith & Wesson Holding Corp. in a research report on Friday, June 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Smith & Wesson Holding Corp. currently has a consensus rating of “Hold” and an average price target of $26.73.

The company’s 50 day moving average price is $24.42 and its 200 day moving average price is $23.80. The stock has a market capitalization of $1.63 billion and a price-to-earnings ratio of 17.30.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last announced its earnings results on Thursday, June 16th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.12. The company earned $221.10 million during the quarter. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS. On average, equities research analysts anticipate that Smith & Wesson Holding Corp. will post $1.91 earnings per share for the current fiscal year.

In other Smith & Wesson Holding Corp. news, insider Mark Peter Smith sold 3,876 shares of the company’s stock in a transaction dated Wednesday, April 27th. The shares were sold at an average price of $22.35, for a total transaction of $86,628.60. Following the completion of the sale, the insider now directly owns 27,166 shares in the company, valued at $607,160.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert J. Cicero sold 3,716 shares of the company’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $26.00, for a total transaction of $96,616.00. Following the sale, the insider now owns 32,285 shares of the company’s stock, valued at $839,410. The disclosure for this sale can be found here.

Other hedge funds have bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Smith & Wesson Holding Corp. by 266.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,164,016 shares of the company’s stock valued at $25,585,000 after buying an additional 846,730 shares during the last quarter. Columbus Circle Investors acquired a new stake in Smith & Wesson Holding Corp. during the fourth quarter valued at about $10,412,000. Morgan Stanley raised its stake in Smith & Wesson Holding Corp. by 21.2% in the fourth quarter. Morgan Stanley now owns 1,213,633 shares of the company’s stock valued at $26,676,000 after buying an additional 212,399 shares during the last quarter. American Century Companies Inc. raised its stake in Smith & Wesson Holding Corp. by 52.7% in the fourth quarter. American Century Companies Inc. now owns 540,267 shares of the company’s stock valued at $11,875,000 after buying an additional 186,444 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in Smith & Wesson Holding Corp. during the fourth quarter valued at about $2,129,000.

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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