Smith & Wesson Holding Corp. Director Unloads $12,948 in Stock (SWHC)
Smith & Wesson Holding Corp. (NASDAQ:SWHC) Director Robert Scott sold 1,200 shares of the stock on the open market in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $10.79, for a total transaction of $12,948.00. Following the completion of the sale, the director now directly owns 97,834 shares in the company, valued at approximately $1,055,629. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on SWHC. Analysts at Dougherty & Co reiterated a “buy” rating on shares of Smith & Wesson Holding Corp. in a research note to investors on Friday, September 6th. They now have a $14.00 price target on the stock. Separately, analysts at KeyCorp downgraded shares of Smith & Wesson Holding Corp. from a “hold” rating to an “underweight” rating in a research note to investors on Thursday, August 15th. Finally, analysts at Zacks downgraded shares of Smith & Wesson Holding Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 14th. They now have a $14.20 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Smith & Wesson Holding Corp. has an average rating of “Hold” and a consensus price target of $13.24.
Smith & Wesson Holding Corp. (NASDAQ:SWHC) traded down 1.43% during mid-day trading on Tuesday, hitting $10.34. 1,282,390 shares of the company’s stock traded hands. Smith & Wesson Holding Corp. has a one year low of $7.67 and a one year high of $13.38. The stock has a 50-day moving average of $11.07 and a 200-day moving average of $10.15. The company has a market cap of $647.8 million and a price-to-earnings ratio of 7.98.
Smith & Wesson Holding Corp. (NASDAQ:SWHC) last released its earnings data on Thursday, September 5th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.09. The company had revenue of $171.00 million for the quarter, compared to the consensus estimate of $165.02 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 25.7% on a year-over-year basis. On average, analysts predict that Smith & Wesson Holding Corp. will post $1.32 earnings per share for the current fiscal year.
Smith & Wesson Holding Corporation (NASDAQ:SWHC) is a manufacturer of firearms.
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