Smith & Wesson Holding Corporation (SWHC) - NASDAQ
  • Mon, Jul. 25, 5:14 AM
    • At least two people have been killed and more than a dozen others injured after a shooting at the Club Blu nightclub in Fort Myers, Florida.
    • The incident comes a month after a gunman who pledged allegiance to Islamic State killed 49 people at the Pulse nightclub in Orlando.
    • Gun and law enforcement stocks will be on watch at the open: SWHC, RGR, VSTO, TASR, DGLY
    | Mon, Jul. 25, 5:14 AM | 21 Comments
  • Mon, Jul. 18, 8:50 AM
    • Smith & Wesson Holding Corporation (NASDAQ:SWHC) announces that its Battenfeld Technologies division acquired knife maker Taylor Brands for $85.0M .
    • The company plans to use cash on hand to make the purchase.
    • Taylor Brands has been a long-standing licensee for both Smith & Wesson and M&P branded knives and is the direct owner of a number of highly-regarded, legacy brands including Schrade, Uncle Henry, Old Timer, and Imperial.
    • Smith & Wesson CEO James Debney on the deal:  "Taylor Brands has delivered solid growth as well as gross margins that are aligned with those in our existing Accessories Division. We believe that these newly added product lines will benefit synergistically from the product innovation, distribution network, and efficient sourcing model that have contributed to the success of our Accessories Division."
    • The company expects the transaction to close in three to six weeks.  Due to its anticipated timing, the transaction is expected to have no impact on Smith & Wesson's operational and financial results for the FY17 Q1 ending July 31, 2016.
    • The purchase price for Taylor Brands  represents an estimated multiple of approximately 11x the trailing twelve month EBITDA.
    • SWHC +1.411% premarket to $28.75
    • Source: Press Release
    | Mon, Jul. 18, 8:50 AM | 11 Comments
  • Mon, Jul. 11, 11:01 AM
    • TASER International (NASDAQ:TASR) is up another 4.50% on extremely high volume, while Digital Ally (NASDAQ:DGLY) has retreated 7.8%.
    • Both gun manufacturer stocks are in positive territory on the day.
    • Wall Street firms are quiet on the development as they stick with their pattern of holding back analysis on the short-term impact on Smith & Wesson (SWHC +1.4%) and Sturm Ruger (RGR +2.6%) of major shooting incidents to keep the focus on the long-term.
    | Mon, Jul. 11, 11:01 AM | 7 Comments
  • Fri, Jul. 8, 8:26 AM
    • Gun stocks Smith & Wesson (NASDAQ:SWHC) and Sturm Ruger (NYSE:RGR) are higher in an apparent reaction to the impact of the killing of five police officers in Dallas, Texas last night during a protest rally.
    • Dallas police chief David Brown stated that multiple people armed with rifles were believed to have carried out the attacks.
    • SWHC +4.45% premarket to $29.55 and RGR +2.29% to $66.00.
    | Fri, Jul. 8, 8:26 AM | 16 Comments
  • Wed, Jul. 6, 12:40 PM
    • Firearm background checks spiked during June, according to data from the NICS. The Orlando terrorist attack on June 12 was a significant factor.
    • The number of checks rose 39% Y/Y and 14% M/M to 2.131M.
    • YTD background checks are up over 13.8M now.
    • Despite the strong sales trend, the percentage of U.S. households owning a gun in actually in decline as prior owners continue to stockpile.
    • FBI background check data (.pdf)
    • Related stocks: SWHC, RGR, VSTO, CAB.
    | Wed, Jul. 6, 12:40 PM | 15 Comments
  • Fri, Jul. 1, 2:57 AM
    • A week after Democrats staged a nearly 26-hour sit-in demanding a vote on gun control measures, Speaker Paul Ryan said the House will vote on legislation to block suspected terrorists from buying guns next week.
    • It's still unclear, however, if the proposal would include the broad "no fly, no buy" proposal Democrats have supported or a more limited version endorsed by the NRA. The House will also take up a bipartisan mental health bill.
    • Related tickers: SWHC, RGR, VSTO
    | Fri, Jul. 1, 2:57 AM | 26 Comments
  • Wed, Jun. 22, 4:41 AM
    • U.S. senators are pushing for a compromise gun control bill, a day after they failed to advance four gun measures following last week's mass shooting in Orlando.
    • Senate Majority Leader Mitch McConnell said he would schedule a vote on a bill by fellow GOP Senator Susan Collins that would prevent about 109K people on the "no-fly" list, as well as another narrow list of possible terrorist suspects, from purchasing weapons.
    • Related tickers: SWHC, RGR, VSTO
    | Wed, Jun. 22, 4:41 AM | 28 Comments
  • Tue, Jun. 21, 2:08 AM
    • Senators couldn't muster enough bipartisan support to pass a series of gun control measures Monday, including bills on background checks and preventing suspected terrorists from purchasing weapons.
    • The gridlock underscores the difficulty of passing gun legislation in Washington, even as pressure mounts on lawmakers following last week's deadly mass shooting at a night club in Orlando.
    • Related tickers: SWHC, RGR, VSTO
    | Tue, Jun. 21, 2:08 AM | 40 Comments
  • Mon, Jun. 20, 4:04 AM
    • One week after the deadly mass-shooting at a gay nightclub in Orlando, the Senate is expected to vote on a series of proposals to block gun sales to terror suspects and expand screening of people buying firearms in the U.S.
    • Democrats are expected to block two GOP amendments, arguing that they fall short in controlling the sales of guns, while Republicans are likely oppose two Democratic amendments, contending that they threaten constitutional rights.
    • Related tickers: SWHC, RGR
    | Mon, Jun. 20, 4:04 AM | 4 Comments
  • Fri, Jun. 17, 9:14 AM
    | Fri, Jun. 17, 9:14 AM
  • Fri, Jun. 17, 7:24 AM
    • Cowen upgrades Smith & Wesson (NASDAQ:SWHC) to an Outperform rating,
    • The investment firm sets a price target of $28 on the gun stock.
    • Craig Hallum also turned positive on SWHC, shifting to a Buy rating from Hold.
    • Smith & Wesson delivered a strong FQ4 earnings report earlier in the week.
    | Fri, Jun. 17, 7:24 AM | 5 Comments
  • Thu, Jun. 16, 6:37 PM
    • Smith & Wesson (NASDAQ:SWHC) +7.7% AH after easily beating FQ4 earnings expectations and issuing upbeat guidance for the current quarter and year.
    • For the current quarter, SWHC now sees EPS of $0.49-$0.53 vs. $0.36 analyst consensus estimate on revenues of $190M-$200M vs. $161.5M consensus; for FY 2017, it sees EPS of $1.83-$1.93 vs. $1.64 consensus on revenues of $740-$760M consensus.
    • SWHC says its strong guidance does not factor in any rush to buy guns sparked by fears of new gun restrictions following last weekend's Orlando mass shooting.
    • SWHC says FQ4 results in its firearms division, where sales jumped 22% Y/Y to $203.7M, benefited from strong consumer demand as it introduced new products.
    | Thu, Jun. 16, 6:37 PM | 2 Comments
  • Thu, Jun. 16, 4:10 PM
    • Smith & Wesson Holding (NASDAQ:SWHC): FQ4 EPS of $0.66 beats by $0.12.
    • Revenue of $221.1M (+22.2% Y/Y) beats by $6.55M.
    • Shares +8.6%.
    • Press Release
    | Thu, Jun. 16, 4:10 PM | 10 Comments
  • Tue, Jun. 14, 11:48 AM
    • Smith & Wesson (SWHC -6.3%) and Sturm Ruger (RGR -4.2%) are both sharply lower today as the volatile trading on the two guns stocks continues.
    • Investment firms have stayed away from issuing any ratings revisions since the mass shooting in Orlando. Many gun shop owners interviewed by the media have reported increased demand over the last few days.
    • Previously: Firearm makers' shares extend gains (June 14)
    | Tue, Jun. 14, 11:48 AM | 28 Comments
  • Tue, Jun. 14, 8:17 AM
    • Gun stocks got a big boost yesterday in the wake of the mass shooting in Orlando.
    • Smith & Wesson ended the day almost 7% higher, while Sturm Ruger closed the trading session up 8.6%.
    • The two stocks are now looking to head higher: SWHC +2.7%; RGR +1% premarket.
    | Tue, Jun. 14, 8:17 AM | 11 Comments
  • Mon, Jun. 13, 9:19 AM
    | Mon, Jun. 13, 9:19 AM | 1 Comment
Company Description
Smith & Wesson Holding Corp. engages in the manufacture of firearms. Its products include handguns, long guns, handcuffs, and firearm-related products and accessories for sale to a wide variety of customers, including gun enthusiasts, collectors, hunters, sportsmen, competitive shooters,... More
Industry: Aerospace/Defense Products & Services
Country: United States