Short Interest in Smith & Wesson Holding Corp Declines By 7.4% (SWHC)
Shares of Smith & Wesson Holding Corp (NASDAQ:SWHC) were the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 12,209,873 shares, a decline of 7.4% from the July 15th total of 13,180,891 shares, StockRatingsNetwork reports. Approximately 22.8% of the shares of the company are sold short. Based on an average trading volume of 1,291,549 shares, the short-interest ratio is presently 9.5 days.
A number of research firms have recently commented on SWHC. Analysts at Cowen and Company raised their price target on shares of Smith & Wesson Holding Corp from $17.00 to $20.50 in a research note on Friday, June 20th. They now have an “outperform” rating on the stock. Separately, analysts at Northland Securities reiterated an “outperform” rating on shares of Smith & Wesson Holding Corp in a research note on Friday, June 20th. They now have a $20.00 price target on the stock, down previously from $21.00. They noted that the move was a valuation call. Finally, analysts at Northland Securities raised their price target on shares of Smith & Wesson Holding Corp from $18.00 to $21.00 in a research note on Tuesday, June 10th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. Smith & Wesson Holding Corp presently has an average rating of “Buy” and a consensus target price of $17.28.
Shares of Smith & Wesson Holding Corp (NASDAQ:SWHC) opened at 12.52 on Wednesday. Smith & Wesson Holding Corp has a 52 week low of $10.25 and a 52 week high of $17.28. The stock has a 50-day moving average of $13.54 and a 200-day moving average of $14.18. The company has a market cap of $690.9 million and a P/E ratio of 8.53.
Smith & Wesson Holding Corp (NASDAQ:SWHC) last issued its quarterly earnings data on Thursday, June 19th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.05. The company had revenue of $170.40 million for the quarter, compared to the consensus estimate of $163.56 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. Analysts expect that Smith & Wesson Holding Corp will post $1.37 EPS for the current fiscal year.
Smith & Wesson Holding Corporation (NASDAQ:SWHC) is a manufacturer of firearms.
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