Today’s Stock On Watch: Could Smith & Wesson Holding Corporation (NASDAQ:SWHC) See a Reversal After More Sellers Came In?

November 16, 2016 - By Hazel Jackson   ·   0 Comments

Today's Stock On Watch: Could Smith & Wesson Holding Corporation (NASDAQ:SWHC) See a Reversal After More Sellers Came In?

The stock of Smith & Wesson Holding Corporation (NASDAQ:SWHC) registered an increase of 12.07% in short interest. SWHC’s total short interest was 9.20 million shares in November as published by FINRA. Its up 12.07% from 8.21 million shares, reported previously. With 3.36M shares average volume, it will take short sellers 3 days to cover their SWHC’s short positions. The short interest to Smith & Wesson Holding Corporation’s float is 16.59%. The stock closed at $23.66 during the last session. It is down 4.41% since April 14, 2016 and is uptrending. It has underperformed by 0.27% the S&P500.

Smith & Wesson Holding Corporation is a maker of firearms and a well-known provider of accessory products for the shooting, hunting and rugged outdoor enthusiast. The company has a market cap of $1.34 billion. The Firm operates through two divisions: firearms and accessories. It has a 11.82 P/E ratio. The firearm segment includes firearms, handcuffs and other related products sold through a distribution chain and direct sales to clients and international, state and federal governments.

Insitutional Activity: The institutional sentiment decreased to 1.11 in Q2 2016. Its down 0.24, from 1.35 in 2016Q1. The ratio is negative, 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.
Guggenheim Capital holds 0% or 9,576 shares in its portfolio. Ws Mgmt Lllp holds 330,500 shares or 0.31% of its portfolio. Century Companies holds 638,839 shares or 0.02% of its portfolio. Da Davidson & holds 0% of its portfolio in Smith & Wesson Holding Corp (NASDAQ:SWHC) for 1,100 shares. Commonwealth Equity Svcs holds 0.01% or 58,178 shares in its portfolio. Moreover, Ubs Asset Mngmt Americas Inc has 0% invested in Smith & Wesson Holding Corp (NASDAQ:SWHC) for 33,798 shares. Plante Moran Llc has 455 shares for 0.01% of their US portfolio. Airain owns 231,781 shares or 0.36% of their US portfolio. Bank Of New York Mellon accumulated 0% or 304,115 shares. Kistler last reported 0% of its portfolio in the stock. Mckinley Management Limited Liability Delaware reported 295,974 shares or 0.39% of all its holdings. Art Advisors Ltd Llc owns 55,118 shares or 0.07% of their US portfolio. Sunbelt Inc reported 1,500 shares or 0% of all its holdings. Citadel Advisors Lc accumulated 0% or 36,936 shares. Nationwide Fund Advsr holds 0% or 35,980 shares in its portfolio.

Insider Transactions: Since June 30, 2016, the stock had 0 buys, and 8 sales for $6.24 million net activity. BUCHANAN JEFFREY D had sold 58,645 shares worth $1.64M on Thursday, June 30. $76,050 worth of Smith & Wesson Holding Corp (NASDAQ:SWHC) was sold by SALTZ MITCHELL A. $1.46M worth of Smith & Wesson Holding Corp (NASDAQ:SWHC) was sold by Golden Michael F. Another trade for 38,921 shares valued at $1.16 million was made by FURMAN JOHN B on Tuesday, July 26. Cicero Robert J. sold $551,853 worth of stock or 20,386 shares. 6,500 shares were sold by WADECKI ISABELL MARIE, worth $185,250. 21,507 shares with value of $582,231 were sold by Smith Mark Peter on Thursday, June 30.

Smith & Wesson Holding Corp (NASDAQ:SWHC) Ratings Coverage

Out of 9 analysts covering Smith & Wesson Holding Corp (NASDAQ:SWHC), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. Smith & Wesson Holding Corp has been the topic of 24 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Craig Hallum upgraded it to “Buy” rating and $28 target price in Friday, June 17 report. The company was downgraded on Friday, September 2 by Craig Hallum. Cowen & Co downgraded it to “Market Perform” rating and $29 target price in Monday, April 4 report. The stock of Smith & Wesson Holding Corp (NASDAQ:SWHC) has “Buy” rating given on Tuesday, January 5 by BB&T Capital. On Wednesday, December 9 the stock rating was maintained by Wunderlich with “Buy”. The stock of Smith & Wesson Holding Corp (NASDAQ:SWHC) earned “Outperform” rating by Cowen & Co on Friday, June 17. Wunderlich downgraded it to “Hold” rating and $29 target price in Thursday, October 6 report. The stock has “Neutral” rating given by Wedbush on Wednesday, January 6. The rating was reinitiated by Wedbush with “Outperform” on Tuesday, October 13. The stock of Smith & Wesson Holding Corp (NASDAQ:SWHC) earned “Hold” rating by Craig Hallum on Tuesday, April 12.

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.

More notable recent Smith & Wesson Holding Corp (NASDAQ:SWHC) news were published by: Investorplace.com which released: “Smith & Wesson Holding Corp (SWHC) Will Scare the Bears” on November 14, 2016, also Fool.com with their article: “This Analyst Just Gave Smith & Wesson Holding Corp Investors a Huge Opportunity” published on October 12, 2016, Fool.com published: “How Risky Is Smith & Wesson Holding Corp Stock?” on August 24, 2016. More interesting news about Smith & Wesson Holding Corp (NASDAQ:SWHC) were released by: Fool.com and their article: “Forget Smith & Wesson Holding Corp.: These 2 Stocks Are Better Buys” published on August 29, 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.

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By Hazel Jackson


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