Craig-Hallum Initiates Coverage on Smith & Wesson Holding Corp to Hold

Craig-Hallum Initiates Coverage on Smith & Wesson Holding Corp(NASDAQ:SWHC). The shares have been rated Hold. The rating by Craig-Hallum was issued on Apr 12, 2016.

In a different note, On Apr 4, 2016, Cowen & Company said it Downgrades its rating on Smith & Wesson Holding Corp. The shares have been rated ‘Market Perform’ by the firm. On Apr 4, 2016, BB&T Capital said it Downgrades its rating on Smith & Wesson Holding Corp. The shares have been rated ‘Hold’ by the firm. On Apr 4, 2016, CL King said it Downgrades its rating on Smith & Wesson Holding Corp. The shares have been rated ‘Neutral’ by the firm. On Mar 4, 2016, Societe Generale said it Maintains its rating on Smith & Wesson Holding Corp. In the research note, the firm Raises the price-target to $23.00 per share. The shares have been rated ‘Neutral’ by the firm.

Smith & Wesson Holding Corp (SWHC) shares turned negative on Fridays trading session with the shares closing down -0.69 points or -3.05% at a volume of 29,63,597. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.69. The peak price level was also seen at $22.69 while the days lowest was $21.8. Finally the shares closed at $21.97. The 52-week high of the shares is $30.44 while the 52-week low is $14.15. According to the latest information available, the market cap of the company is $1,211 M.

Smith & Wesson Holding Corp(SWHC) last announced its earnings results on Mar 3, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $210.79M. Analysts had an estimated revenue of $173.64M. Earnings per share were $0.59. Analysts had estimated an EPS of $0.38.

Several Insider Transactions has been reported to the SEC. On Mar 23, 2016, Robert L Scott (director) sold 10,000 shares at $28.87 per share price.Also, On Mar 23, 2016, Isabell Marie Wadecki (director) sold 10,000 shares at $28.86 per share price.On Mar 15, 2016, Robert J. Cicero (officer ) sold 8,189 shares at $28.66 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.

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