The stock of Smith & Wesson Holding Corp (NASDAQ:SWHC) is a huge mover today! About 787,227 shares traded hands. Smith & Wesson Holding Corp (NASDAQ:SWHC) has risen 6.75% since April 26, 2016 and is uptrending. It has outperformed by 1.49% the S&P500.
The move comes after 7 months positive chart setup for the $1.38 billion company. It was reported on Nov, 29 by Barchart.com. We have $26.59 PT which if reached, will make NASDAQ:SWHC worth $124.20 million more.
Analysts await Smith & Wesson Holding Corp (NASDAQ:SWHC) to report earnings on December, 1 after the close. They expect $0.55 earnings per share, up 120.00% or $0.30 from last year’s $0.25 per share. SWHC’s profit will be $31.12M for 11.09 P/E if the $0.55 EPS becomes a reality. After $0.62 actual earnings per share reported by Smith & Wesson Holding Corp for the previous quarter, Wall Street now forecasts -11.29% negative EPS growth.
Smith & Wesson Holding Corp (NASDAQ:SWHC) Ratings Coverage
Out of 9 analysts covering Smith & Wesson Holding Corp (NASDAQ:SWHC), 2 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 22% are positive. Smith & Wesson Holding Corp has been the topic of 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Smith & Wesson Holding Corp (NASDAQ:SWHC) earned “Buy” rating by Lake Street on Friday, August 28. The stock of Smith & Wesson Holding Corp (NASDAQ:SWHC) has “Neutral” rating given on Monday, April 4 by CL King. As per Tuesday, April 12, the company rating was initiated by Craig Hallum. Craig Hallum downgraded the shares of SWHC in a report on Friday, September 2 to “Hold” rating. Craig Hallum upgraded Smith & Wesson Holding Corp (NASDAQ:SWHC) on Friday, June 17 to “Buy” rating. The firm earned “Sector Perform” rating on Wednesday, December 9 by RBC Capital Markets. The stock of Smith & Wesson Holding Corp (NASDAQ:SWHC) has “Outperform” rating given on Friday, June 17 by Cowen & Co. The firm has “Buy” rating given on Wednesday, December 9 by Wunderlich. The stock has “Hold” rating given by BB&T Capital on Friday, July 24. The firm has “Outperform” rating by Wedbush given on Tuesday, October 13.
According to Zacks Investment Research, “Smith & Wesson Holding Corporation is one of the world’s leading producers of quality handguns, law enforcement products and firearm safety and security products. Law enforcement personnel, military personnel, target shooters, hunters, collectors and firearms enthusiasts throughout the world have used the company’s products with confidence for 150 years. Smith & Wesson Corp. also manufactures and markets Smith & Wesson branded handcuffs and other products utilizing its metal working expertise and providing products and services to many external customers.”
Insitutional Activity: The institutional sentiment increased to 1.5 in 2016 Q2. Its up 0.39, from 1.11 in 2016Q1. The ratio increased, as 40 funds sold all Smith & Wesson Holding Corp shares owned while 55 reduced positions. 31 funds bought stakes while 74 increased positions. They now own 36.64 million shares or 18.43% less from 44.91 million shares in 2016Q1.
Great West Life Assurance Com Can holds 0% of its portfolio in Smith & Wesson Holding Corp (NASDAQ:SWHC) for 8,521 shares. Davidson Invest Advsr owns 100 shares or 0% of their US portfolio. Menta Cap Limited Liability Company holds 0.14% of its portfolio in Smith & Wesson Holding Corp (NASDAQ:SWHC) for 38,520 shares. Invesco Ltd reported 117,474 shares or 0% of all its holdings. Lpl Fincl Ltd Liability Company last reported 86,232 shares in the company. Capital One Natl Association accumulated 0.7% or 312,500 shares. Finemark Bank & Trust And Tru last reported 300 shares in the company. Teachers Advsr Incorporated, a New York-based fund reported 87,414 shares. Moreover, Meeder Asset has 0.01% invested in Smith & Wesson Holding Corp (NASDAQ:SWHC) for 5,598 shares. Ifrah Fincl last reported 19,684 shares in the company. Private Advisor Grp Limited Liability Corp last reported 20,137 shares in the company. Fmr Limited Liability Company accumulated 113,625 shares or 0% of the stock. Metropolitan Life Ny owns 38,344 shares or 0.01% of their US portfolio. Edge Wealth Ltd Llc holds 0.12% of its portfolio in Smith & Wesson Holding Corp (NASDAQ:SWHC) for 10,400 shares. Point72 Asset Mngmt Lp owns 85,400 shares or 0.02% of their US portfolio.
Insider Transactions: Since June 30, 2016, the stock had 0 insider buys, and 8 insider sales for $6.24 million net activity. 19,679 shares were sold by FURMAN JOHN B, worth $585,450 on Friday, July 8. 21,507 shares were sold by Smith Mark Peter, worth $582,231 on Thursday, June 30. Cicero Robert J. sold $551,853 worth of stock. The insider Golden Michael F sold $1.46 million. WADECKI ISABELL MARIE also sold $185,250 worth of Smith & Wesson Holding Corp (NASDAQ:SWHC) shares. 3,000 shares were sold by SALTZ MITCHELL A, worth $76,050 on Thursday, October 6. $1.64 million worth of Smith & Wesson Holding Corp (NASDAQ:SWHC) was sold by BUCHANAN JEFFREY D.
More notable recent Smith & Wesson Holding Corp (NASDAQ:SWHC) news were published by: Fool.com which released: “Better Buy: TASER International Inc. vs. Smith & Wesson Holding Corp” on November 25, 2016, also Investorplace.com with their article: “Smith & Wesson Holding Corp (SWHC) Will Scare the Bears” published on November 14, 2016, Fool.com published: “This Analyst Just Gave Smith & Wesson Holding Corp Investors a Huge Opportunity” on October 12, 2016. More interesting news about Smith & Wesson Holding Corp (NASDAQ:SWHC) were released by: Fool.com and their article: “How Risky Is Smith & Wesson Holding Corp Stock?” published on August 24, 2016 as well as Fool.com‘s news article titled: “Smith & Wesson Holding Corp. Just Shot Out the Lights” with publication date: June 17, 2016.
SWHC Company Profile
Smith & Wesson Holding Corporation, incorporated on June 17, 1991, is a maker of firearms and a well-known provider of accessory products for the shooting, hunting and rugged outdoor enthusiast. The Firm operates through two divisions: firearms and accessories. The firearm segment consists of services and products manufactured and sold from its Springfield, Massachusetts; Houlton, Maine, and Deep River, Connecticut facilities, which include firearms, handcuffs and other related products sold through a distribution chain and direct sales to clients and international, state and federal governments. The accessories segment consists of shooting, hunting and outdoor accessories developed and marketed from its Columbia, Missouri facility. The Firm makes 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 Firm also provides shooting, hunting and outdoor accessories, including reloading, gunsmithing, gun cleaning supplies, tree saws and vault accessories. The Firm sells its products under the Smith & Wesson, M&P, Thompson/Center Arms, Caldwell Shooting Supplies, Wheeler Engineering, Tipton Gun Cleaning Supplies, Frankford Arsenal Reloading Tools, Lockdown Vault Accessories, Hooyman Premium Tree Saws, BOG-POD and Golden Rod Moisture Control brands.
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