Smith & Wesson Holding Corp. (NASDAQ:SWHC) traded up 1.7% during trading on Wednesday . The stock traded as high as $29.42 and last traded at $29.30, with a volume of 810,496 shares traded. The stock had previously closed at $28.82.

Several equities research analysts have commented on the company. Zacks Investment Research lowered Smith & Wesson Holding Corp. from a “hold” rating to a “sell” rating in a research report on Friday, June 10th. Wedbush lowered Smith & Wesson Holding Corp. from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 1st. Vetr downgraded Smith & Wesson Holding Corp. from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a research note on Thursday, June 30th. Craig Hallum raised Smith & Wesson Holding Corp. from a “hold” rating to a “buy” rating and upped their target price for the stock from $26.00 to $28.00 in a research note on Friday, June 17th. Finally, Wunderlich reaffirmed a “buy” rating and set a $32.00 target price on shares of Smith & Wesson Holding Corp. in a research note on Friday, June 17th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $27.55.

The firm has a market capitalization of $1.64 billion and a price-to-earnings ratio of 17.41. The firm has a 50-day moving average price of $29.09 and a 200-day moving average price of $25.49.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last released its earnings results on Thursday, June 16th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.12. The business earned $221.10 million during the quarter. The company’s revenue was up 22.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 EPS. On average, equities analysts predict that Smith & Wesson Holding Corp. will post $1.91 earnings per share for the current year.

In other Smith & Wesson Holding Corp. news, Director John B. Furman sold 19,679 shares of the company’s stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $29.75, for a total transaction of $585,450.25. Following the completion of the sale, the director now directly owns 36,975 shares in the company, valued at $1,100,006.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Peter Smith sold 3,645 shares of the company’s stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $23.85, for a total value of $86,933.25. Following the sale, the insider now owns 37,011 shares of the company’s stock, valued at $882,712.35. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Smith & Wesson Holding Corp. stock. Rhumbline Advisers boosted its stake in shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) by 11.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,955 shares of the company’s stock after buying an additional 5,005 shares during the period. Rhumbline Advisers owned approximately 0.09% of Smith & Wesson Holding Corp. worth $1,076,000 as of its most recent SEC filing.

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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