Smith & Wesson Holding Corp. Given New $18.00 Price Target at Northland Capital Partners (SWHC)
Investment analysts at Northland Capital Partners increased their price objective on shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) from $15.00 to $18.00 in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ price target suggests a potential upside of 20.32% from the company’s current price.
In other Smith & Wesson Holding Corp. news, Director Mitchell Saltz sold 65,000 shares of Smith & Wesson Holding Corp. 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 transaction, the director now directly owns 6,034 shares of the company’s stock, valued at approximately $80,494. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) traded up 0.20% on Friday, hitting $14.99. The stock had a trading volume of 1,773,936 shares. Smith & Wesson Holding Corp. has a 52 week low of $8.12 and a 52 week high of $15.14. The stock’s 50-day moving average is $12.70 and its 200-day moving average is $11.48. The company has a market cap of $838.8 million and a P/E ratio of 11.70.
Smith & Wesson Holding Corp. (NASDAQ:SWHC) last issued its quarterly earnings data 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.
SWHC has been the subject of a number of other recent research reports. Analysts at Sidoti upgraded shares of Smith & Wesson Holding Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $15.94.
Smith & Wesson Holding Corporation (NASDAQ:SWHC) is a manufacturer of firearms.
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