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

SWHC has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Smith & Wesson Holding Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 10th. Craig Hallum raised shares of Smith & Wesson Holding Corp. from a “hold” rating to a “buy” rating and raised their price target for the stock from $26.00 to $28.00 in a report on Friday, June 17th. Wedbush cut shares of Smith & Wesson Holding Corp. from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 1st. Wunderlich reissued a “buy” rating and set a $32.00 target price on shares of Smith & Wesson Holding Corp. in a report on Friday, June 17th. Finally, Vetr cut shares of Smith & Wesson Holding Corp. from a “strong-buy” rating to a “buy” rating and set a $28.00 target price for the company. in a report on Wednesday, June 22nd. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Smith & Wesson Holding Corp. currently has an average rating of “Hold” and an average price target of $27.55.

The stock has a market cap of $1.67 billion and a P/E ratio of 17.76. The company’s 50 day moving average is $29.18 and its 200-day moving average is $25.55.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last issued its 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. During the same period last year, the firm posted $0.40 EPS. The company’s quarterly revenue was up 22.2% on a year-over-year basis. Equities research analysts expect that Smith & Wesson Holding Corp. will post $1.91 EPS for the current year.

In other news, insider Mark Peter Smith sold 3,645 shares of the company’s stock in a transaction on Monday, June 20th. The shares were sold at an average price of $23.85, for a total value of $86,933.25. Following the completion of the transaction, the insider now owns 37,011 shares in the company, valued at approximately $882,712.35. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey D. Buchanan sold 58,645 shares of the company’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $27.95, for a total transaction of $1,639,127.75. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Smith & Wesson Holding Corp. stock. Rhumbline Advisers increased its stake in shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) by 11.4% during the fourth quarter, according to its most recent disclosure with the SEC. The firm 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 at the end of the most recent 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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