Sportsman’s Warehouse (SPWH) Given a $7.00 Price Target by DA Davidson Analysts

DA Davidson set a $7.00 target price on Sportsman’s Warehouse (NASDAQ:SPWH) in a research report sent to investors on Wednesday morning. The brokerage currently has a buy rating on the stock.

SPWH has been the topic of several other reports. Ifs Securities raised Sportsman’s Warehouse from a market perform rating to an outperform rating and set a $5.00 price target on the stock in a research report on Friday, November 17th. Piper Jaffray Companies set a $5.00 price target on Sportsman’s Warehouse and gave the company a hold rating in a research report on Thursday, November 16th. Forward View set a $4.00 price target on Sportsman’s Warehouse and gave the company a hold rating in a research report on Saturday, August 26th. Zacks Investment Research downgraded Sportsman’s Warehouse from a hold rating to a sell rating in a research report on Tuesday, November 21st. Finally, ValuEngine downgraded Sportsman’s Warehouse from a buy rating to a hold rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $6.56.

Sportsman’s Warehouse (NASDAQ:SPWH) opened at $5.45 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 0.03 and a debt-to-equity ratio of 3.09. The company has a market cap of $224.39, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 0.93 and a beta of -0.66. Sportsman’s Warehouse has a 1 year low of $3.40 and a 1 year high of $9.86.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its earnings results on Thursday, November 16th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). The business had revenue of $218.10 million for the quarter, compared to analyst estimates of $222.59 million. Sportsman’s Warehouse had a return on equity of 71.55% and a net margin of 2.84%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. equities analysts anticipate that Sportsman’s Warehouse will post 0.57 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPWH. California Public Employees Retirement System bought a new stake in shares of Sportsman’s Warehouse in the first quarter valued at about $122,000. Vanguard Group Inc. lifted its stake in shares of Sportsman’s Warehouse by 14.4% in the first quarter. Vanguard Group Inc. now owns 1,315,965 shares of the company’s stock valued at $6,290,000 after buying an additional 165,638 shares during the period. Geode Capital Management LLC lifted its stake in shares of Sportsman’s Warehouse by 4.5% in the first quarter. Geode Capital Management LLC now owns 240,038 shares of the company’s stock valued at $1,147,000 after buying an additional 10,300 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Sportsman’s Warehouse by 11.4% in the first quarter. Dimensional Fund Advisors LP now owns 619,942 shares of the company’s stock valued at $2,963,000 after buying an additional 63,400 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Sportsman’s Warehouse by 12.8% in the first quarter. Renaissance Technologies LLC now owns 299,463 shares of the company’s stock valued at $1,431,000 after buying an additional 33,889 shares during the period.

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About Sportsman’s Warehouse

Sportsman’s Warehouse Holdings, Inc is an outdoor sporting goods retailer. The Company has outdoor specialty store base in the Western United States and Alaska. The Company has over 70 stores across approximately 20 states, which are located in power, neighborhood and lifestyle centers. The Company also operates several single-unit, standalone locations.

Analyst Recommendations for Sportsman`s Warehouse (NASDAQ:SPWH)

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