Smith & Wesson Holding Corp. (NASDAQ:SWHC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Wednesday, StockRatingsNetwork reports. They currently have a $14.20 price target on the stock. Zacks‘ price target would suggest a potential upside of 15.73% from the stock’s previous close.
Shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) traded down 1.14% during mid-day trading on Wednesday, hitting $12.13. Smith & Wesson Holding Corp. has a one year low of $7.40 and a one year high of $13.38. The stock’s 50-day moving average is currently $11.17. The company has a market cap of $780.8 million and a P/E ratio of 10.40.
Smith & Wesson Holding Corp. (NASDAQ:SWHC) last issued its quarterly earnings data on Tuesday, June 25th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $178.70 million for the quarter, compared to the consensus estimate of $170.72 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 37.7% on a year-over-year basis. Analysts expect that Smith & Wesson Holding Corp. will post $1.30 EPS for the current fiscal year.
SWHC has been the subject of a number of other recent research reports. Analysts at Dougherty & Co initiated coverage on shares of Smith & Wesson Holding Corp. in a research note to investors on Monday, July 29th. They set a “buy” rating on the stock. Separately, analysts at Wedbush raised their price target on shares of Smith & Wesson Holding Corp. from $9.00 to $10.00 in a research note to investors on Friday, June 14th. Finally, analysts at Sidoti initiated coverage on shares of Smith & Wesson Holding Corp. in a research note to investors on Monday, May 20th. They set a “neutral” rating on the stock.
Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Smith & Wesson Holding Corp. presently has an average rating of “Hold” and a consensus target price of $13.05.
In other Smith & Wesson Holding Corp. news, Director Barry M. Monheit sold 70,000 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $12.38, for a total value of $866,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Smith & Wesson Holding Corporation (NASDAQ:SWHC) is a manufacturer of firearms.
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