NICS Background Checks See Solid May, Cowen Note (SWHC) (RGR) (VSTO)

Smith & Wesson (NASDAQ: SWHC) is on watch as "Adjusted" NICS background checks rose 4.7% Y/Y in May (the second strongest May on record) after tougher compares in the last three months, according to Cowen analyst Cai von Rumohr.

von Rumohr commented, "Abating declines in long gun checks suggest demand for VSTO's Savage franchise may be nearing a turn and strong handgun checks (+10.1%) imply a fast start to FY16 for SWHC."

Other stocks on interest on the news: Sturm Ruger (NYSE: RGR), Vista Outdoor (NYSE: VSTO)

You May Also Be Interested In

• TD Cowen Reiterates Buy Rating on Day One Biopharmaceuticals (DAWN)
• Tesla (TSLA) PT Lowered to $120 at HSBC on 'concerns about the timing and scale of prospects'
• Summit Insights Downgrades Silicon Labs (SLAB) to Hold, 'expect its stock to be an inline performer'