Clark Estates Incny adds Smith & Wesson Holding Corp (SWHC) to its portfolio

Smith & Wesson Holding Corp (SWHC) : Clark Estates Incny added new position in Smith & Wesson Holding Corp during the most recent quarter end. The investment management firm now holds 122,000 shares of Smith & Wesson Holding Corp which is valued at $3,627,060 , the company said in a statement filed on Aug 1, 2016 with the SEC.Smith & Wesson Holding Corp makes up approximately 0.68% of Clark Estates Incny’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in SWHC by selling 26,106 shares or 95.68% in the most recent quarter. The Hedge Fund company now holds 1,180 shares of SWHC which is valued at $35,081. Gargoyle Investment Advisor L.l.c. sold out all of its stake in SWHC during the most recent quarter. The investment firm sold 24,175 shares of SWHC which is valued $721,140.Advisory Services Network boosted its stake in SWHC in the latest quarter, The investment management firm added 625 additional shares and now holds a total of 925 shares of Smith & Wesson Holding Corp which is valued at $27,593. Smith & Wesson Holding Corp makes up approx 0.01% of Advisory Services Network’s portfolio. Trust Co added SWHC to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $5,814.

Smith & Wesson Holding Corp closed down -0.15 points or -0.50% at $29.58 with 11,81,659 shares getting traded on Thursday. Post opening the session at $29.67, the shares hit an intraday low of $29.52 and an intraday high of $30.15 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Smith & Wesson Holding Corp reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jun 16, 2016. Analyst had a consensus of $0.54. The company had revenue of $221.12 million for the quarter, compared to analysts expectations of $214.54 million. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

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 .

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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