Smith & Wesson Holding Corp. (NASDAQ:SWHC)’s share price traded up 1.8% during mid-day trading on Monday . The stock traded as high as $29.36 and last traded at $29.16, with a volume of 1,224,647 shares. The stock had previously closed at $28.65.

Several equities analysts have issued reports on the stock. Zacks Investment Research lowered shares of Smith & Wesson Holding Corp. from a “hold” rating to a “sell” rating in a report on Friday, June 10th. Wedbush lowered shares of Smith & Wesson Holding Corp. from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 1st. Vetr lowered shares of Smith & Wesson Holding Corp. from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a report on Thursday, June 30th. Craig Hallum raised shares of Smith & Wesson Holding Corp. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $28.00 in a report on Friday, June 17th. Finally, Wunderlich reissued a “buy” rating and set a $32.00 price objective on shares of Smith & Wesson Holding Corp. in a 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. The stock has an average rating of “Hold” and a consensus price target of $26.91.

The firm has a 50-day moving average price of $26.18 and a 200 day moving average price of $24.32. The stock has a market capitalization of $1.68 billion and a price-to-earnings ratio of 17.807.

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

In other news, insider Robert J. Cicero sold 3,716 shares of the stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $26.00, for a total value of $96,616.00. Following the completion of the sale, the insider now directly owns 32,285 shares of the company’s stock, valued at $839,410. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Cicero sold 20,386 shares of the stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $27.07, for a total transaction of $551,849.02. Following the completion of the sale, the insider now directly owns 70,785 shares of the company’s stock, valued at $1,916,149.95. The disclosure for this sale can be found here.

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