Smith & Wesson Holding Corp (SWHC) was Reiterated by Wunderlich to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 36 from a previous price target of $34 . Wunderlich advised their investors in a research report released on Sep 2, 2016.
Many Wall Street Analysts have commented on Smith & Wesson Holding Corp. Company shares were Reiterated by Craig Hallum on Aug 1, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $32 .Company shares were Reiterated by Wunderlich on Jul 18, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $32 .Company shares were Upgraded by Craig Hallum on Jun 17, 2016 to ” Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .
On the company’s financial health, Smith & Wesson Holding Corp reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Sep 1, 2016. Analyst had a consensus of $0.54. The company had revenue of $207.00 million for the quarter, compared to analysts expectations of $198.31 million. The company’s revenue was up 40.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Smith & Wesson Holding Corp opened for trading at $28.7 and hit $29.59 on the upside on Thursday, eventually ending the session at $29.58, with a gain of 5.08% or 1.43 points. The heightened volatility saw the trading volume jump to 43,62,578 shares. Company has a market cap of $1,656 M.
In a different news, on Jul 11, 2016, John B Furman (director) sold 19,679 shares at $29.75 per share price. According to the SEC, on Jul 5, 2016, Mark Peter Smith (officer ) sold 21,507 shares at $27.07 per share price. On Jul 5, 2016, Robert J. Cicero (officer ) sold 20,386 shares at $27.07 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.