Smith & Wesson Holding Corp. (NASDAQ:SWHC) gapped up prior to trading on Tuesday . The stock had previously closed at $29.33, but opened at $29.37. Smith & Wesson Holding Corp. shares last traded at $29.98, with a volume of 1,715,925 shares.

Several equities research analysts have commented on the company. Wedbush reissued a “hold” rating on shares of Smith & Wesson Holding Corp. in a report on Monday, April 4th. CL King downgraded Smith & Wesson Holding Corp. from a “buy” rating to a “neutral” rating in a report on Monday, April 4th. Cowen and Company raised Smith & Wesson Holding Corp. from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $29.00 to $28.00 in a report on Friday, June 17th. Vetr downgraded Smith & Wesson Holding Corp. from a “buy” rating to a “hold” rating and set a $28.00 target price on the stock. in a report on Thursday, June 30th. Finally, Craig Hallum assumed coverage on Smith & Wesson Holding Corp. in a report on Monday, April 11th. They issued a “hold” rating and a $26.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $26.91.

The stock has a market capitalization of $1.67 billion and a P/E ratio of 17.73. The company’s 50 day moving average price is $26.18 and its 200-day moving average price is $24.32.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last announced its quarterly earnings results on Thursday, June 16th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.12. The company earned $221.10 million during the quarter. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 EPS. On average, equities analysts forecast that Smith & Wesson Holding Corp. will post $1.89 EPS for the current year.

In other Smith & Wesson Holding Corp. news, insider Jeffrey D. Buchanan sold 58,645 shares of the company’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $27.95, for a total value of $1,639,127.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the insider now directly owns 27,166 shares of the company’s stock, valued at $607,160.10. The disclosure for this sale can be found here.

Other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers boosted its position in Smith & Wesson Holding Corp. by 11.4% in the fourth quarter. Rhumbline Advisers now owns 48,955 shares of the company’s stock worth $1,076,000 after buying an additional 5,005 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Smith & Wesson Holding Corp. during the fourth quarter worth $1,148,000. Morgan Stanley boosted its position 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 worth $26,676,000 after buying an additional 212,399 shares during the last quarter. Finally, Airain ltd boosted its position in Smith & Wesson Holding Corp. by 14.6% in the fourth quarter. Airain ltd now owns 112,893 shares of the company’s stock worth $2,481,000 after buying an additional 14,388 shares during the last quarter.

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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