Shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) traded down 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 changing hands. The stock had previously closed at $29.83.

Several analysts have recently commented on the stock. Wunderlich reissued a “buy” rating and set a $34.00 price target (up from $32.00) on shares of Smith & Wesson Holding Corp. in a research note on Friday, July 15th. Vetr cut shares of Smith & Wesson Holding Corp. from a “strong-buy” rating to a “buy” rating and set a $28.00 price target on the stock. in a research note on Wednesday, June 22nd. Zacks Investment Research cut shares of Smith & Wesson Holding Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Cowen and Company raised shares of Smith & Wesson Holding Corp. from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $29.00 to $28.00 in a research note on Friday, June 17th. Finally, Wedbush cut shares of Smith & Wesson Holding Corp. from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 1st. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Smith & Wesson Holding Corp. presently has a consensus rating of “Hold” and an average target price of $28.09.

The stock has a market cap of $1.61 billion and a P/E ratio of 17.17. The firm has a 50-day moving average price of $29.19 and a 200 day moving average price of $25.60.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last issued its earnings results on Thursday, June 16th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.54 by $0.12. The firm earned $221.10 million during the quarter. During the same period in the previous year, the firm earned $0.40 EPS. The company’s quarterly revenue was up 22.2% on a year-over-year basis. Equities analysts anticipate that Smith & Wesson Holding Corp. will post $1.92 EPS for the current year.

In other news, insider Robert J. Cicero sold 3,716 shares of the business’s 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 transaction, the insider now directly owns 32,285 shares in the company, valued at approximately $839,410. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Peter Smith sold 3,645 shares of the business’s stock in a transaction that occurred on Monday, June 20th. The shares were sold at an average price of $23.85, for a total transaction of $86,933.25. Following the completion of the transaction, 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 increased its position in 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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