Several analysts have recently updated their ratings and price targets for Smith & Wesson Holding Corp. (NASDAQ: SWHC):

  • 9/6/2016 – Smith & Wesson Holding Corp. was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $31.72 price target on the stock.
  • 9/5/2016 – Smith & Wesson Holding Corp. is now covered by analysts at Craig Hallum. They set a “hold” rating on the stock.
  • 9/4/2016 – Smith & Wesson Holding Corp. had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $34.00 price target on the stock.
  • 9/4/2016 – Smith & Wesson Holding Corp. had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $32.00 price target on the stock, up previously from $29.00.
  • 9/3/2016 – Smith & Wesson Holding Corp. had its price target raised by analysts at Wunderlich from $34.00 to $36.00. They now have a “buy” rating on the stock.
  • 9/2/2016 – Smith & Wesson Holding Corp. was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating. They now have a $33.00 price target on the stock, down previously from $35.00.
  • 9/1/2016 – Smith & Wesson Holding Corp. was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $32.44 price target on the stock.
  • 8/31/2016 – Smith & Wesson Holding Corp. was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $32.14 price target on the stock.
  • 8/28/2016 – Smith & Wesson Holding Corp. had its price target raised by analysts at Wunderlich from $34.00 to $36.00. They now have a “buy” rating on the stock.
  • 8/26/2016 – Smith & Wesson Holding Corp. had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $29.00 price target on the stock, up previously from $23.00.
  • 8/1/2016 – Smith & Wesson Holding Corp. had its price target raised by analysts at Craig Hallum from $32.00 to $35.00. They now have a “buy” rating on the stock.

Shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) traded up 1.79% during mid-day trading on Wednesday, hitting $27.80. 1,475,348 shares of the company were exchanged. The company’s 50-day moving average price is $28.66 and its 200-day moving average price is $26.08. Smith & Wesson Holding Corp. has a 12-month low of $16.33 and a 12-month high of $31.19. The firm has a market capitalization of $1.56 billion, a P/E ratio of 13.98 and a beta of 1.13.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last announced its earnings results on Thursday, September 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.09. Smith & Wesson Holding Corp. had a net margin of 14.34% and a return on equity of 42.17%. The firm had revenue of $207 million for the quarter. During the same quarter in the previous year, the company earned $0.32 EPS. The business’s revenue for the quarter was up 40.1% on a year-over-year basis. Equities research analysts predict that Smith & Wesson Holding Corp. will post $2.48 earnings per share for the current fiscal year.

In other Smith & Wesson Holding Corp. news, insider Robert J. Cicero sold 3,716 shares of the stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $26.00, for a total transaction of $96,616.00. Following the transaction, the insider now owns 32,285 shares in the company, valued at approximately $839,410. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert J. Cicero sold 20,386 shares of the stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $27.07, for a total transaction of $551,849.02. Following the transaction, the insider now owns 70,785 shares in the company, valued at approximately $1,916,149.95. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

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.

5 Day Chart for NASDAQ:SWHC

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