Smith & Wesson Holding Corp (SWHC) is Upgraded by Craig Hallum to Buy, Raises Price Target to $ 28

Smith & Wesson Holding Corp (SWHC) was Upgraded by Craig Hallum to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 28 from a previous price target of $26 . Earlier the firm had a rating of “Hold ” on the company shares. Craig Hallum advised their investors in a research report released on Jun 17, 2016.

Many Wall Street Analysts have commented on Smith & Wesson Holding Corp. Shares were Reiterated by Wedbush on Jun 10, 2016 to “Neutral” and Lowered the Price Target to $ 23 from a previous price target of $26 .Smith & Wesson Holding Corp was Initiated by Craig Hallum to “Hold” on Apr 12, 2016. Smith & Wesson Holding Corp was Downgraded by CL King to ” Neutral” on Apr 4, 2016.

On the company’s financial health, Smith & Wesson Holding Corp reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jun 16, 2016. Analyst had a consensus of $0.54. The company had revenue of $221.12 million for the quarter, compared to analysts expectations of $214.54 million. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Smith & Wesson Holding Corp closed down -0.38 points or -1.74% at $21.48 with 25,72,218 shares getting traded on Wednesday. Post opening the session at $21.89, the shares hit an intraday low of $21.42 and an intraday high of $22.09 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 27, 2016, Mark Peter Smith (officer ) sold 3,876 shares at $22.35 per share price. According to the SEC, on Mar 23, 2016, Robert L Scott (director) sold 10,000 shares at $28.87 per share price. On Mar 23, 2016, Isabell Marie Wadecki (director) sold 10,000 shares at $28.86 per share price, according to the Form-4 filing with the securities and exchange commission.

Smith & Wesson Holding Corporation is a manufacturer of firearms. The Company manufactures an array of handguns including revolvers and pistols; long guns including modern sporting rifles bolt action rifles and single shot rifles; handcuffs and firearm-related products and accessories. The Company operates through two segments: firearms and accessories. The firearm segment consists of products and services manufactured and sold from its Springfield Massachusetts; Houlton Maine and Deep River Connecticut facilities which includes firearms handcuffs and other related products. The Company sells the products through a distribution chain and direct sales to consumers and international state and federal Governments. The accessories segment consists of hunting and shooting accessories developed and marketed from its Columbia Missouri facility. The Company also provides shooting reloading gunsmithing and gun cleaning supplies.

Smith & Wesson Holding Corp

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