Wedbush reiterated their neutral rating on shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) in a research note issued to investors on Friday morning. The brokerage currently has a $25.00 price objective on the stock, down from their prior price objective of $32.00.

A number of other research firms have also weighed in on SWHC. Wunderlich lowered shares of Smith & Wesson Holding Corp. from a buy rating to a hold rating and lowered their price target for the company from $36.00 to $29.00 in a report on Thursday, October 6th. Vetr raised shares of Smith & Wesson Holding Corp. from a buy rating to a strong-buy rating and set a $31.72 price target for the company in a report on Tuesday, September 6th. Lake Street Capital lowered shares of Smith & Wesson Holding Corp. from a buy rating to a hold rating and lowered their price target for the company from $37.00 to $20.00 in a report on Monday, November 21st. Craig Hallum lowered shares of Smith & Wesson Holding Corp. from a buy rating to a hold rating and lowered their price target for the company from $35.00 to $33.00 in a report on Friday, September 2nd. Finally, Zacks Investment Research lowered shares of Smith & Wesson Holding Corp. from a strong-buy rating to a hold rating in a report on Thursday, November 3rd. Nine analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $27.71.

Shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) opened at 23.33 on Friday. The stock has a market capitalization of $1.31 billion, a PE ratio of 11.73 and a beta of 0.85. Smith & Wesson Holding Corp. has a one year low of $18.14 and a one year high of $31.19. The stock has a 50 day moving average of $25.29 and a 200-day moving average of $26.37.

Smith & Wesson Holding Corp. (NASDAQ:SWHC) last released its quarterly earnings results on Thursday, September 1st. The company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.09. The business earned $207 million during the quarter. Smith & Wesson Holding Corp. had a net margin of 14.34% and a return on equity of 42.17%. Smith & Wesson Holding Corp.’s revenue for the quarter was up 40.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 earnings per share. Equities analysts predict that Smith & Wesson Holding Corp. will post $2.43 earnings per share for the current fiscal year.

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In related news, Director Isabell Marie Wadecki sold 6,500 shares of Smith & Wesson Holding Corp. stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $28.50, for a total value of $185,250.00. Following the sale, the director now directly owns 35,686 shares in the company, valued at approximately $1,017,051. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mitchell A. Saltz sold 3,000 shares of Smith & Wesson Holding Corp. stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $25.35, for a total transaction of $76,050.00. Following the completion of the sale, the director now owns 6,914 shares in the company, valued at $175,269.90. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. Seven Eight Capital LLC purchased a new stake in shares of Smith & Wesson Holding Corp. during the second quarter valued at $110,000. DekaBank Deutsche Girozentrale increased its stake in shares of Smith & Wesson Holding Corp. by 144.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 4,498 shares of the company’s stock valued at $116,000 after buying an additional 2,657 shares in the last quarter. BlackRock Japan Co. Ltd purchased a new stake in shares of Smith & Wesson Holding Corp. during the second quarter valued at $124,000. New York State Teachers Retirement System purchased a new stake in shares of Smith & Wesson Holding Corp. during the second quarter valued at $128,000. Finally, Perigon Wealth Management LLC purchased a new stake in shares of Smith & Wesson Holding Corp. during the second quarter valued at $134,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

About Smith & Wesson Holding Corp.

Smith & Wesson Holding Corporation is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and rugged outdoor enthusiast. The Company operates through two segments: firearms and accessories. The firearm segment includes firearms, handcuffs and other related products sold through a distribution chain and direct sales to consumers and international, state and federal governments.

5 Day Chart for NASDAQ:SWHC

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