Smith & Wesson Holding Corp. Insider Robert Cicero Sells 10,000 Shares (SWHC)
Smith & Wesson Holding Corp. (NASDAQ:SWHC) Insider Robert Cicero sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $14.00, for a total value of $140,000.00. Following the completion of the sale, the insider now directly owns 37,823 shares in the company, valued at approximately $529,522. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on SWHC shares. Analysts at Northland Securities raised their price target on shares of Smith & Wesson Holding Corp. to $18.00 in a research note to investors on Friday. Separately, analysts at Northland Capital Partners raised their price target on shares of Smith & Wesson Holding Corp. from $15.00 to $18.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $15.94.
Shares of Smith & Wesson Holding Corp. (NASDAQ:SWHC) traded up 0.20% during mid-day trading on Friday, hitting $14.99. 1,776,608 shares of the company’s stock traded hands. 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 for the quarter, beating the analysts’ 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 last year, the company posted $0.24 earnings per share. Smith & Wesson Holding Corp.’s revenue was up 2.0% compared to the same quarter last year. 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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