Smith & Wesson Holding Corp. (SWHC) Sees Large Volume Increase
Smith & Wesson Holding Corp. (NASDAQ:SWHC) shares saw strong trading volume on Wednesday . 2,561,174 shares traded hands during mid-day trading, an increase of 87% from the previous session’s volume of 1,372,694 shares.The stock last traded at $27.98 and had previously closed at $29.58.
Several analysts have recently commented on the company. Wedbush reaffirmed a “neutral” rating and issued a $29.00 target price (up previously from $23.00) on shares of Smith & Wesson Holding Corp. in a research report on Friday, August 26th. Craig Hallum raised their target price on Smith & Wesson Holding Corp. from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Wunderlich reaffirmed a “buy” rating and issued a $34.00 target price on shares of Smith & Wesson Holding Corp. in a research report on Sunday. Cowen and Company reaffirmed an “outperform” rating and issued a $31.00 target price (up previously from $28.00) on shares of Smith & Wesson Holding Corp. in a research report on Wednesday, July 6th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.00.
The stock’s 50 day moving average price is $29.20 and its 200-day moving average price is $25.78. The stock has a market capitalization of $1.58 billion and a PE ratio of 16.76.
Smith & Wesson Holding Corp. (NASDAQ:SWHC) last released its quarterly earnings results on Thursday, June 16th. The company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.12. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company earned $221.10 million during the quarter. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. Equities analysts forecast that Smith & Wesson Holding Corp. will post $1.92 EPS for the current year.
In other Smith & Wesson Holding Corp. news, Director John B. Furman sold 38,921 shares of the stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $29.75, for a total value of $1,157,899.75. Following the transaction, the director now directly owns 13,975 shares of the company’s stock, valued at approximately $415,756.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John B. Furman sold 19,679 shares of the stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $29.75, for a total transaction of $585,450.25. Following the completion of 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.
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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