Smith & Wesson Holding Corp. (NASDAQ:SWHC) traded down 6.3% during mid-day trading on Friday . The company traded as low as $27.08 and last traded at $27.72, with a volume of 7,588,670 shares changing hands. The stock had previously closed at $29.58.

A number of equities research analysts have issued reports on the company. Wedbush reissued a “neutral” rating and set a $29.00 price target (up previously from $23.00) on shares of Smith & Wesson Holding Corp. in a research report on Friday, August 26th. Vetr downgraded Smith & Wesson Holding Corp. from a “strong-buy” rating to a “buy” rating and set a $32.44 price target for the company. in a research report on Thursday. Craig Hallum downgraded Smith & Wesson Holding Corp. from a “buy” rating to a “hold” rating and boosted their price target for the company from $29.28 to $33.00 in a research report on Friday. Wunderlich boosted their price target on Smith & Wesson Holding Corp. from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Sunday, August 28th. Finally, Cowen and Company reissued an “outperform” rating and set a $31.00 price target (up previously from $28.00) on shares of Smith & Wesson Holding Corp. in a research report on Wednesday, July 6th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $29.44.

The stock has a market cap of $1.55 billion and a PE ratio of 16.48. The stock’s 50 day moving average is $29.23 and its 200 day moving average is $25.81.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last released its earnings results on Thursday, September 1st. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.09. The firm had revenue of $207 million for the quarter. During the same quarter in the previous year, the business posted $0.32 earnings per share. The firm’s quarterly revenue was up 40.1% compared to the same quarter last year. On average, equities analysts expect that Smith & Wesson Holding Corp. will post $1.92 EPS for the current fiscal year.

In other Smith & Wesson Holding Corp. news, insider Robert J. Cicero sold 3,716 shares of Smith & Wesson Holding Corp. stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $26.00, for a total transaction of $96,616.00. Following the sale, the insider now directly owns 32,285 shares of the company’s stock, valued at $839,410. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John B. Furman sold 38,921 shares of Smith & Wesson Holding Corp. stock in a transaction that occurred on 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 sale, the director now directly owns 13,975 shares in the company, valued at $415,756.25. 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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