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Equities research analysts at Wedbush decreased their price target on shares of Smith & Wesson Holding Corp (NASDAQ:SWHC) from $20.00 to $15.00 in a research note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock. Wedbush’s price objective indicates a potential upside of 14.50% from the stock’s previous close.

Shares of Smith & Wesson Holding Corp (NASDAQ:SWHC) opened at 11.50 on Wednesday. Smith & Wesson Holding Corp has a 1-year low of $10.25 and a 1-year high of $17.28. The stock’s 50-day moving average is $13.13 and its 200-day moving average is $14.20. The company has a market cap of $634.6 million and a price-to-earnings ratio of 8.85.

Smith & Wesson Holding Corp (NASDAQ:SWHC) last released its earnings data on Tuesday, August 26th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.01. The company had revenue of $131.90 million for the quarter, compared to the consensus estimate of $133.93 million. During the same quarter last year, the company posted $0.45 earnings per share. Smith & Wesson Holding Corp’s revenue was down 22.9% compared to the same quarter last year. Analysts expect that Smith & Wesson Holding Corp will post $1.36 EPS for the current fiscal year.

A number of other analysts have also recently weighed in 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. Ten equities research analysts have rated the stock with a buy rating, Smith & Wesson Holding Corp has an average rating of “Buy” and a consensus target price of $17.83.

Smith & Wesson Holding Corporation (NASDAQ:SWHC) is a manufacturer of firearms.

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