Trade Report: The Sportsman’s Warehouse Holdings Inc. (SPWH) Receives “Outperform” Rating from Credit Suisse Group AG

The Sportsman’s Warehouse Holdings Inc. (SPWH) Receives “Outperform” Rating from Credit Suisse Group AG

Credit Suisse Group AG reissued their outperform rating on shares of Sportsman’s Warehouse Holdings Inc. (NASDAQ:SPWH) in a report issued on Wednesday.

A number of other equities analysts have also recently issued reports on the company. DA Davidson reiterated a neutral rating and issued a $15.00 price objective on shares of Sportsman’s Warehouse Holdings in a report on Tuesday, October 4th. Zacks Investment Research upgraded Sportsman’s Warehouse Holdings from a hold rating to a buy rating and set a $12.00 price objective for the company in a report on Tuesday, August 23rd. Piper Jaffray Cos. reiterated an overweight rating and issued a $14.00 price objective on shares of Sportsman’s Warehouse Holdings in a report on Sunday, August 21st. TheStreet upgraded Sportsman’s Warehouse Holdings from a sell rating to a hold rating in a report on Thursday, August 18th. Finally, Robert W. Baird reiterated an outperform rating and issued a $15.00 price objective on shares of Sportsman’s Warehouse Holdings in a report on Friday, August 19th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $14.56.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) traded down 0.57% on Wednesday, hitting $10.53. The company had a trading volume of 28,386 shares. The firm has a 50-day moving average price of $10.32 and a 200-day moving average price of $10.14. The firm has a market capitalization of $439.10 million, a PE ratio of 15.06 and a beta of -0.61. Sportsman’s Warehouse Holdings has a 12-month low of $7.71 and a 12-month high of $14.18.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) last announced its earnings results on Thursday, August 18th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The business had revenue of $189.80 million for the quarter. Sportsman’s Warehouse Holdings had a negative return on equity of 1,046.38% and a net margin of 3.92%. Sportsman’s Warehouse Holdings’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 earnings per share. On average, equities research analysts anticipate that Sportsman’s Warehouse Holdings will post $0.74 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the company. Paradigm Asset Management Co. LLC boosted its stake in Sportsman’s Warehouse Holdings by 13.4% in the second quarter. Paradigm Asset Management Co. LLC now owns 12,700 shares of the company’s stock valued at $102,000 after buying an additional 1,500 shares during the period. Analytic Investors LLC acquired a new stake in Sportsman’s Warehouse Holdings during the second quarter valued at $105,000. American International Group Inc. boosted its stake in Sportsman’s Warehouse Holdings by 41.2% in the second quarter. American International Group Inc. now owns 14,859 shares of the company’s stock valued at $120,000 after buying an additional 4,333 shares during the period. BlackRock Group LTD boosted its stake in Sportsman’s Warehouse Holdings by 98.7% in the second quarter. BlackRock Group LTD now owns 15,565 shares of the company’s stock valued at $125,000 after buying an additional 7,732 shares during the period. Finally, First Trust Advisors LP boosted its stake in Sportsman’s Warehouse Holdings by 25.0% in the second quarter. First Trust Advisors LP now owns 16,330 shares of the company’s stock valued at $132,000 after buying an additional 3,264 shares during the period. Institutional investors and hedge funds own 77.85% of the company’s stock.

Sportsman’s Warehouse Holdings Company Profile

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