The Sportsman’s Warehouse Holdings Inc. (SPWH) Earns Neutral Rating from DA Davidson

The Sportsman’s Warehouse Holdings Inc. (SPWH) Earns Neutral Rating from DA Davidson

DA Davidson reissued their neutral rating on shares of Sportsman’s Warehouse Holdings Inc. (NASDAQ:SPWH) in a research note published on Tuesday. They currently have a $15.00 price target on the stock.

Several other equities research analysts have also recently issued reports on SPWH. Credit Suisse Group AG reaffirmed a buy rating on shares of Sportsman’s Warehouse Holdings in a research note on Tuesday, June 7th. Zacks Investment Research raised shares of Sportsman’s Warehouse Holdings from a sell rating to a hold rating in a research note on Saturday, June 18th. MKM Partners reaffirmed a buy rating and set a $13.00 price target on shares of Sportsman’s Warehouse Holdings in a research note on Tuesday, June 21st. Piper Jaffray Cos. reaffirmed an overweight rating and set a $14.00 price target (down from $16.00) on shares of Sportsman’s Warehouse Holdings in a research note on Thursday, July 7th. Finally, Goldman Sachs Group Inc. reaffirmed a buy rating and set a $15.00 price target on shares of Sportsman’s Warehouse Holdings in a research note on Monday, August 15th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $14.56.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) opened at 10.75 on Tuesday. The stock has a market cap of $448.28 million, a PE ratio of 15.38 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. The firm has a 50-day moving average of $10.36 and a 200-day moving average of $10.19.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Paradigm Asset Management Co. LLC boosted its position in shares of 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 worth $102,000 after buying an additional 1,500 shares during the period. UBS Asset Management Americas Inc. acquired a new position in shares of Sportsman’s Warehouse Holdings during the first quarter worth $161,000. Analytic Investors LLC acquired a new position in shares of Sportsman’s Warehouse Holdings during the second quarter worth $105,000. American International Group Inc. boosted its position in shares of 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 worth $120,000 after buying an additional 4,333 shares during the period. Finally, BlackRock Group LTD boosted its position in shares of Sportsman’s Warehouse Holdings by 98.7% in the second quarter. BlackRock Group LTD now owns 15,565 shares of the company’s stock worth $125,000 after buying an additional 7,732 shares during the period. 77.85% of the stock is currently owned by hedge funds and other institutional investors.

Sportsman’s Warehouse Holdings Company Profile

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