The Credit Suisse Group AG Analysts Give Sportsman’s Warehouse Holdings Inc. (SPWH) a $16.00 Price Target

The Credit Suisse Group AG Analysts Give Sportsman’s Warehouse Holdings Inc. (SPWH) a $16.00 Price Target

Credit Suisse Group AG set a $16.00 target price on Sportsman’s Warehouse Holdings Inc. (NASDAQ:SPWH) in a research report sent to investors on Monday morning. The firm currently has a a buy rating on the stock.

Other equities analysts also recently issued reports about the company. DA Davidson restated a buy rating on shares of Sportsman’s Warehouse Holdings in a research note on Monday, August 15th. Piper Jaffray Cos. restated an overweight rating and issued a $14.00 price target on shares of Sportsman’s Warehouse Holdings in a research note on Sunday, August 21st. Goldman Sachs Group Inc. restated a buy rating and issued a $15.00 price target on shares of Sportsman’s Warehouse Holdings in a research note on Monday, August 15th. Zacks Investment Research upgraded Sportsman’s Warehouse Holdings from a sell rating to a hold rating in a research note on Saturday, June 18th. Finally, MKM Partners restated a buy rating and issued a $13.00 price target on shares of Sportsman’s Warehouse Holdings in a research note on Tuesday, June 21st. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Sportsman’s Warehouse Holdings currently has an average rating of Buy and an average target price of $14.56.

Shares of Sportsman’s Warehouse Holdings (NASDAQ:SPWH) opened at 10.59 on Monday. Sportsman’s Warehouse Holdings has a 52 week low of $7.71 and a 52 week high of $14.18. The company has a market capitalization of $441.60 million, a price-to-earnings ratio of 15.15 and a beta of -0.61. The firm has a 50 day moving average price of $10.32 and a 200 day moving average price of $10.14.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) last issued its earnings results on Thursday, August 18th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. Sportsman’s Warehouse Holdings had a negative return on equity of 1,046.38% and a net margin of 3.92%. The business had revenue of $189.80 million for the quarter. During the same quarter in the prior year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. Equities analysts forecast that Sportsman’s Warehouse Holdings will post $0.74 EPS for the current year.

A number of large investors have recently bought and sold shares of SPWH. Franklin Resources Inc. boosted its stake in Sportsman’s Warehouse Holdings by 1.1% in the first quarter. Franklin Resources Inc. now owns 3,320,068 shares of the company’s stock worth $41,833,000 after buying an additional 34,546 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Sportsman’s Warehouse Holdings during the first quarter worth approximately $225,000. Cupps Capital Management LLC boosted its stake in Sportsman’s Warehouse Holdings by 153.4% in the first quarter. Cupps Capital Management LLC now owns 212,518 shares of the company’s stock worth $2,677,000 after buying an additional 128,647 shares in the last quarter. Miles Capital Inc. acquired a new stake in Sportsman’s Warehouse Holdings during the first quarter worth approximately $227,000. Finally, State Street Corp boosted its stake in Sportsman’s Warehouse Holdings by 2.3% in the first quarter. State Street Corp now owns 226,651 shares of the company’s stock worth $2,858,000 after buying an additional 5,146 shares in the last quarter. 77.85% of the stock is currently owned by institutional investors and hedge funds.

About Sportsman’s Warehouse Holdings

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