NICS Background Checks Have Healthy June, Cowen Notes (SWHC) (RGR) (CAB) (SPWH)

Data that could be viewed positively for gun makers Smith & Wesson (NASDAQ: SWHC) and Sturm Ruger (NYSE: RGR) and sporting goods stores Cabela's (NYSE: CAB) and Sportsman's Warehouse (NASDAQ: SPWH), Cowen Cai von Rumohr noted healthy June NICS background checks

von Rumohr noted, ""Adjusted" NICS background checks rose 10.1% Y/Y in June (strongest June on record) after tough compares in February-April. The first increase in long gun checks suggests demand for VSTO's Savage franchise may be nearing a turn; and accelerating handgun checks (+17.1%) point to a healthy start to FY16 for SWHC."

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