Smith & Wesson Holding Corp. Sets New 1-Year High at $14.34 (SWHC)
Smith & Wesson Holding Corp. (NASDAQ:SWHC) set a new 52-week high during trading hours on Wednesday, American Banking & Market News reports. The company traded as high as $14.34 and last traded at $14.28, with a volume of 1,803,862 shares. The stock had previously closed at $13.75.
Several analysts have recently commented on the stock. Analysts at CRT Capital initiated coverage on shares of Smith & Wesson Holding Corp. in a research note to investors on Tuesday. They set a “buy” rating and a $16.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Smith & Wesson Holding Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, December 17th. They now have a $13.50 price target on the stock. Finally, analysts at Benchmark Co. raised their price target on shares of Smith & Wesson Holding Corp. from $13.00 to $16.00 in a research note to investors on Monday, December 16th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $15.31.
In other Smith & Wesson Holding Corp. news, Director Mitchell Saltz unloaded 65,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.34, for a total transaction of $867,100.00. Following the completion of the sale, the director now directly owns 6,034 shares in the company, valued at approximately $80,494. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Smith & Wesson Holding Corp. has a 52-week low of $7.98 and a 52-week high of $13.87. The stock’s 50-day moving average is $12.49 and its 200-day moving average is $11.43. The company has a market cap of $798.0 million and a price-to-earnings ratio of 10.75.
Smith & Wesson Holding Corp. (NASDAQ:SWHC) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.07. The company had revenue of $139.30 million for the quarter, compared to the consensus estimate of $137.52 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts expect that Smith & Wesson Holding Corp. will post $1.35 EPS for the current fiscal year.
Smith & Wesson Holding Corporation (NASDAQ:SWHC) is a manufacturer of firearms.
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