Shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) saw unusually-strong trading volume on Thursday . Approximately 1,101,321 shares changed hands during trading, a decline of 13% from the previous session’s volume of 1,265,304 shares.The stock last traded at $29.70 and had previously closed at $29.25.

Several research analysts have weighed in on SWHC shares. Zacks Investment Research lowered Smith & Wesson Holding Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 10th. Craig Hallum upgraded Smith & Wesson Holding Corp. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $28.00 in a report on Friday, June 17th. Wedbush lowered Smith & Wesson Holding Corp. from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 1st. Wunderlich reiterated 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 lowered Smith & Wesson Holding Corp. from a “strong-buy” rating to a “buy” rating and set a $28.00 target price on the stock. 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 company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $28.09.

The company has a market cap of $1.61 billion and a price-to-earnings ratio of 17.17. The stock’s 50 day moving average price is $29.19 and its 200-day moving average price is $25.60.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last issued its quarterly earnings results on Thursday, June 16th. The company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.12. The firm had revenue of $221.10 million for the quarter. The company’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. On average, analysts expect that Smith & Wesson Holding Corp. will post $1.92 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 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John B. Furman sold 19,679 shares of the company’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of $29.75, for a total transaction of $585,450.25. Following the sale, the director now directly owns 36,975 shares in the company, valued at approximately $1,100,006.25. 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 position in shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) by 11.4% during the fourth quarter, according to its most recent 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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