Ellington Management Group reduced its stake in Smith & Wesson Holding Corp by 34.35% during the most recent quarter end. With the last stock price close up 7.24% from the two hundred day average, compared with the S&P 500 Index which has remained the same over the same time period. For the past 5 years, the company’s revenue has grown -2.4%, while the company’s earnings per share has grown -15.9%. GUIDANCE: Smith & Wesson sees Q2 2017 EPS of $0.53-$0.57, versus the consensus of $0.35. Beta factor, which measures the riskiness of the security, was observed as 0.89. The disclosure for this sale can be found here. They now have a Dollars 15 price target on the stock. Melvin Capital Management LP acquired a new position in shares of Smith & Wesson Holding Corp. during the fourth quarter worth about $10,990,000. The heightened volatility saw the trading volume jump to 43,62,578 shares.
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12/09/2015 – Smith & Wesson Holding Corporation had its “buy” rating reiterated by analysts at Lake Street. Smith & Wesson Holding Corp makes up approx 0.04% of Cambridge Investment Research Advisors’s portfolio. Following the completion of the transaction, the insider is left with a stake of 53,896 shares, amounting $1506932. Finally, IFP Advisors Inc increased its position in shares of Smith & Wesson Holding Corp.by 25.9% in the first quarter. Company gross margin stands at 24.10% whereas its return on investment (ROI) is 2.40%.
Several other research firms have also recently commented on SWHC.
In addition to Craig-Hallum reporting it’s price target, a total of 9 firms have issued a research note on the company. Analyst’s mean target price for InterDigital, Inc. Cowen and Company restated an outperform rating and issued a $31.00 target price (up previously from $28.00) on shares of Smith & Wesson Holding Corp.in a report on Wednesday, July 6th.
Despite posting a very good first quarter, Smith & Wesson shares did not sho0t upward like many expected. Smith & Wesson Holding Corp. presently has an average rating of Hold and an average target price of $30.04. (NASDAQ:SWHC) opened at 27.69 on Friday. The company has market capitalization of $2.17B. Smith & Wesson has been the topic of 17 analyst reports since October 13, 2015 according to StockzIntelligence Inc. (NASDAQ:SWHC) last released its earnings results on Thursday, September 1st. The company’s total operating expense for Q1 FY17 was $35.05 million which was above the $29.82 million in the prior year comparable quarter. The company’s revenue was up 40.1% on a year-over-year basis. The average volume stands around 2.51 million shares. The firearm segment includes firearms, handcuffs and other related products sold through a distribution chain and direct sales to clients and global, state and federal governments.
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KeyCorp operates as the bank holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States.
