Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives Consensus Rating of “Buy” from Analysts

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWHGet Rating) has been assigned a consensus rating of “Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $16.00.

Several brokerages recently weighed in on SPWH. TheStreet downgraded shares of Sportsman’s Warehouse from a “b-” rating to a “c” rating in a research note on Wednesday, February 9th. started coverage on Sportsman’s Warehouse in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Piper Sandler lifted their target price on Sportsman’s Warehouse from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, March 30th. Finally, Zacks Investment Research upgraded Sportsman’s Warehouse from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a report on Tuesday, April 5th.

A number of institutional investors have recently bought and sold shares of SPWH. Macquarie Group Ltd. acquired a new position in shares of Sportsman’s Warehouse during the 3rd quarter worth about $27,000. HighMark Wealth Management LLC acquired a new position in Sportsman’s Warehouse in the fourth quarter valued at approximately $59,000. Royal Bank of Canada increased its stake in Sportsman’s Warehouse by 62.1% in the second quarter. Royal Bank of Canada now owns 4,618 shares of the company’s stock valued at $82,000 after purchasing an additional 1,770 shares during the last quarter. Teton Advisors Inc. acquired a new stake in Sportsman’s Warehouse during the fourth quarter worth approximately $118,000. Finally, Nkcfo LLC purchased a new stake in shares of Sportsman’s Warehouse during the 4th quarter worth approximately $137,000. Institutional investors own 97.54% of the company’s stock.

NASDAQ:SPWH opened at $10.44 on Monday. Sportsman’s Warehouse has a 52 week low of $9.73 and a 52 week high of $18.05. The stock’s fifty day moving average is $11.11 and its two-hundred day moving average is $12.99. The stock has a market capitalization of $458.11 million, a price-to-earnings ratio of 4.30 and a beta of 0.94.

Sportsman’s Warehouse (NASDAQ:SPWHGet Rating) last posted its earnings results on Tuesday, March 29th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The firm had revenue of $416.29 million for the quarter, compared to analyst estimates of $406.78 million. Sportsman’s Warehouse had a return on equity of 30.22% and a net margin of 7.20%. Sportsman’s Warehouse’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. As a group, equities analysts predict that Sportsman’s Warehouse will post 1.44 earnings per share for the current fiscal year.

About Sportsman’s Warehouse (Get Rating)

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

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