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Smith & Wesson Holding Corp (NASDAQ:SWHC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Friday. They currently have a $10.60 price target on the stock. Zacks‘s target price indicates a potential downside of 4.68% from the company’s current price.

SWHC has been the subject of a number of other recent research reports. Analysts at Cowen and Company cut their price target on shares of Smith & Wesson Holding Corp from $20.50 to $16.00 in a research note on Wednesday. Separately, analysts at KeyCorp reiterated an “underweight” rating on shares of Smith & Wesson Holding Corp in a research note on Wednesday. They now have a $10.00 price target on the stock, down previously from $11.00. Finally, analysts at Dougherty & Co downgraded shares of Smith & Wesson Holding Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday. They now have a $17.50 price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $15.92.

Smith & Wesson Holding Corp (NASDAQ:SWHC) traded down 0.99% on Friday, hitting $11.01. 1,173,144 shares of the company’s stock traded hands. 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 $12.99 and a 200-day moving average of $14.16. The company has a market cap of $588.4 million and a price-to-earnings ratio of 8.30. Smith & Wesson Holding Corp also saw unusually large options trading activity on Wednesday. Stock traders purchased 5,079 put options on the stock. This is an increase of 856% compared to the typical daily volume of 531 put options.

Smith & Wesson Holding Corp (NASDAQ:SWHC) last announced its earnings results 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. On average, analysts predict that Smith & Wesson Holding Corp will post $0.96 earnings per share for the current fiscal year.

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

To view Zacks’ full report, visit Zacks’ official website.

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