Traders See Bullish Options Activity Smith & Wesson Holding Corp

 Traders See Bullish Options Activity Smith & Wesson Holding Corp

In today’s session Smith & Wesson Holding Corp (SWHC) registered an unusually high (776) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious SWHC increase. With 776 contracts traded and 13734 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: SWHC170120C00026000 closed last at: $0.8 or 11.1% down. About 250,130 shares traded hands. Smith & Wesson Holding Corp (NASDAQ:SWHC) has risen 4.96% since April 22, 2016 and is uptrending. It has underperformed by 0.45% the S&P500.

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 $30.22 million for 10.67 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. On Friday, June 17 the stock rating was upgraded by Craig Hallum to “Buy”. The stock has “Neutral” rating given by Wedbush on Thursday, January 21. The rating was maintained by Lake Street on Wednesday, December 9 with “Buy”. The stock has “Outperform” rating given by Cowen & Co on Saturday, August 29. As per Tuesday, January 5, the company rating was upgraded by BB&T Capital. The firm earned “Sector Perform” rating on Wednesday, December 9 by RBC Capital Markets. As per Friday, September 2, the company rating was downgraded by Craig Hallum. The rating was downgraded by BB&T Capital on Monday, April 4 to “Hold”. The stock of Smith & Wesson Holding Corp (NASDAQ:SWHC) earned “Market Perform” rating by Cowen & Co on Monday, April 4. The stock of Smith & Wesson Holding Corp (NASDAQ:SWHC) has “Buy” rating given on Tuesday, January 5 by Wunderlich.

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 Q2 2016. Its up 0.39, from 1.11 in 2016Q1. The ratio improved, 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.
Moreover, First Western Mgmt Communications has 0.35% invested in Smith & Wesson Holding Corp (NASDAQ:SWHC) for 34,950 shares. Boston Ltd owns 10,200 shares or 0.01% of their US portfolio. Teachers Advsr reported 87,414 shares or 0% of all its holdings. The Germany-based Dekabank Deutsche Girozentrale has invested 0% in Smith & Wesson Holding Corp (NASDAQ:SWHC). Moreover, Dubuque Bankshares And Co has 0% invested in Smith & Wesson Holding Corp (NASDAQ:SWHC) for 300 shares. Geode Cap Ltd Liability Corp owns 594,988 shares or 0.01% of their US portfolio. Moreover, Bb&T Ltd Liability Corporation has 0.03% invested in Smith & Wesson Holding Corp (NASDAQ:SWHC) for 63,450 shares. Century has 638,839 shares for 0.02% of their US portfolio. Winch Advisory Ltd Limited Liability Company last reported 3,286 shares in the company. Great West Life Assurance Can last reported 8,521 shares in the company. Blackrock accumulated 0% or 5,759 shares. Deutsche Bank & Trust Ag reported 309,656 shares or 0.01% of all its holdings. Blackrock Fund Advsr last reported 1.73M shares in the company. Advsrs Asset Mngmt accumulated 0% or 65 shares. Fmr Lc last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 30, 2016, the stock had 0 insider purchases, and 8 insider sales for $6.24 million net activity. Another trade for 20,386 shares valued at $551,853 was sold by Cicero Robert J.. Golden Michael F had sold 54,200 shares worth $1.46M. SALTZ MITCHELL A had sold 3,000 shares worth $76,050. WADECKI ISABELL MARIE also sold $185,250 worth of Smith & Wesson Holding Corp (NASDAQ:SWHC) shares. Shares for $1.64 million were sold by BUCHANAN JEFFREY D on Thursday, June 30. The insider FURMAN JOHN B sold 38,921 shares worth $1.16M. $582,231 worth of shares were sold by Smith Mark Peter on Thursday, June 30.

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 $1.29 billion. The Firm operates through two divisions: firearms and accessories. It has a 11.73 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.

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: 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.

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