Smith & Wesson Holding Corp. (NASDAQ:SWHC) shares fell 3.7% during trading on Friday . The stock traded as low as $28.57 and last traded at $28.72, with a volume of 1,908,435 shares. The stock had previously closed at $29.83.

Several brokerages recently commented on SWHC. 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 cut Smith & Wesson Holding Corp. from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 1st. Vetr cut 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 report on Thursday, June 30th. Craig Hallum raised Smith & Wesson Holding Corp. from a “hold” rating to a “buy” rating and raised their target price for the stock from $26.00 to $28.00 in a research report on Friday, June 17th. Finally, Wunderlich reaffirmed a “buy” rating and issued a $32.00 target price on shares of Smith & Wesson Holding Corp. in a research report on Friday, June 17th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $28.09.

The company has a market capitalization of $1.61 billion and a P/E ratio of 17.17. The stock’s 50-day moving average price is $29.18 and its 200 day moving average price is $25.55.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last posted its earnings results on Thursday, June 16th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.12. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The business had revenue of $221.10 million for the quarter. The company’s revenue was up 22.2% compared to the same quarter last year. Equities analysts anticipate that Smith & Wesson Holding Corp. will post $1.92 EPS for the current year.

In related news, insider Jeffrey D. Buchanan sold 58,645 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $27.95, for a total transaction of $1,639,127.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John B. Furman sold 19,679 shares of the business’s stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $29.75, for a total value of $585,450.25. Following the transaction, the director now directly owns 36,975 shares in the company, valued at $1,100,006.25. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Smith & Wesson Holding Corp. stock. Airain ltd raised its position in Smith & Wesson Holding Corp. (NASDAQ:SWHC) by 14.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,893 shares of the company’s stock after buying an additional 14,388 shares during the period. Airain ltd owned about 0.21% of Smith & Wesson Holding Corp. worth $2,481,000 as of its most recent filing with the SEC.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.