Smith & Wesson Holding Corp. (NASDAQ:SWHC)’s share price was down 6.3% during mid-day trading on Friday . The stock 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.

Several brokerages have weighed in on SWHC. Zacks Investment Research raised Smith & Wesson Holding Corp. from a “sell” rating to a “hold” rating and set a $29.00 price objective for the company in a report on Tuesday, June 21st. Wedbush reissued a “hold” rating on shares of Smith & Wesson Holding Corp. in a report on Friday, June 17th. Cowen and Company reissued an “outperform” rating and set a $31.00 price objective (up from $28.00) on shares of Smith & Wesson Holding Corp. in a report on Wednesday, July 6th. Vetr lowered Smith & Wesson Holding Corp. from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a report on Thursday, June 30th. Finally, Craig Hallum raised Smith & Wesson Holding Corp. from a “hold” rating to a “buy” rating and increased their price objective for the company from $26.00 to $28.00 in a report on Friday, June 17th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $29.44.

The stock has a 50 day moving average price of $29.21 and a 200 day moving average price of $25.82. The firm has a market cap of $1.55 billion and a P/E ratio of 16.48.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last announced its quarterly earnings data 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 earned $207 million during the quarter. During the same period in the prior year, the firm posted $0.32 EPS. The firm’s revenue was up 40.1% compared to the same quarter last year. Analysts expect that Smith & Wesson Holding Corp. will post $2.48 EPS for the current fiscal year.

In related news, Director John B. Furman sold 19,679 shares of the business’s stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $29.75, for a total value of $585,450.25. Following the completion of the transaction, the director now directly owns 36,975 shares in the company, valued at approximately $1,100,006.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert J. Cicero sold 3,716 shares of the business’s 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 completion of the transaction, the insider now owns 32,285 shares of the company’s stock, valued at $839,410. 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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