Sportsman’s Warehouse (NASDAQ:SPWH) Price Target Lowered to $10.00 at Piper Sandler

Sportsman’s Warehouse (NASDAQ:SPWHGet Rating) had its target price dropped by investment analysts at Piper Sandler from $12.00 to $10.00 in a report released on Wednesday, The Fly reports. Piper Sandler’s price objective indicates a potential upside of 5.71% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on SPWH. StockNews.com initiated coverage on shares of Sportsman’s Warehouse in a research report on Thursday, March 31st. They issued a “hold” rating for the company. B. Riley initiated coverage on shares of Sportsman’s Warehouse in a research report on Tuesday, May 17th. They issued a “buy” rating and a $14.00 target price for the company. Zacks Investment Research cut shares of Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, TheStreet cut shares of Sportsman’s Warehouse from a “b-” rating to a “c” rating in a research report on Wednesday, February 9th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $14.50.

SPWH stock opened at $9.46 on Wednesday. The company has a fifty day moving average price of $10.23 and a two-hundred day moving average price of $11.52. Sportsman’s Warehouse has a one year low of $8.55 and a one year high of $18.05. The stock has a market cap of $415.10 million, a price-to-earnings ratio of 3.89 and a beta of 0.97.

Sportsman’s Warehouse (NASDAQ:SPWHGet Rating) last released its quarterly earnings data on Tuesday, May 31st. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. The firm had revenue of $309.51 million during the quarter, compared to analysts’ expectations of $306.17 million. Sportsman’s Warehouse had a net margin of 7.20% and a return on equity of 30.22%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 earnings per share. Research analysts expect that Sportsman’s Warehouse will post 1.44 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of SPWH. Walleye Capital LLC raised its holdings in Sportsman’s Warehouse by 21.1% in the 1st quarter. Walleye Capital LLC now owns 93,589 shares of the company’s stock valued at $1,000,000 after buying an additional 16,299 shares during the last quarter. Teton Advisors Inc. grew its position in shares of Sportsman’s Warehouse by 50.0% during the 1st quarter. Teton Advisors Inc. now owns 15,000 shares of the company’s stock worth $160,000 after buying an additional 5,000 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in Sportsman’s Warehouse by 2.5% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 510,386 shares of the company’s stock valued at $5,456,000 after purchasing an additional 12,221 shares during the period. Cannell Capital LLC grew its position in Sportsman’s Warehouse by 61.8% in the 1st quarter. Cannell Capital LLC now owns 2,589,973 shares of the company’s stock valued at $27,687,000 after purchasing an additional 989,565 shares during the period. Finally, Point72 Hong Kong Ltd grew its position in Sportsman’s Warehouse by 535.3% in the 1st quarter. Point72 Hong Kong Ltd now owns 7,427 shares of the company’s stock valued at $79,000 after purchasing an additional 6,258 shares during the period.

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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