Sportsman’s Warehouse Holdings, Inc. (SPWH) Stock Rating Reaffirmed by Ifs Securities

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)‘s stock had its “market perform” rating restated by investment analysts at Ifs Securities in a research report issued to clients and investors on Friday. They currently have a $5.00 target price on the stock. Ifs Securities’ target price would indicate a potential upside of 16.28% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Sportsman’s Warehouse Holdings from a “d+” rating to a “c-” rating in a research report on Tuesday, May 30th. MKM Partners reiterated a “buy” rating and set a $7.00 target price on shares of Sportsman’s Warehouse Holdings in a research report on Wednesday, August 16th. DA Davidson reiterated a “buy” rating and set a $8.00 target price on shares of Sportsman’s Warehouse Holdings in a research report on Tuesday, August 15th. Piper Jaffray Companies set a $6.00 target price on shares of Sportsman’s Warehouse Holdings and gave the stock a “hold” rating in a research report on Sunday, August 20th. Finally, ValuEngine cut shares of Sportsman’s Warehouse Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $6.94.

Sportsman’s Warehouse Holdings (NASDAQ SPWH) opened at 4.25 on Friday. Sportsman’s Warehouse Holdings has a 1-year low of $3.40 and a 1-year high of $11.16. The firm has a market capitalization of $177.23 million, a price-to-earnings ratio of 7.78 and a beta of -0.83. The firm’s 50-day moving average is $4.20 and its 200-day moving average is $4.73.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) last announced its earnings results on Thursday, August 17th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $191.50 million during the quarter, compared to analysts’ expectations of $191.28 million. Sportsman’s Warehouse Holdings had a net margin of 2.94% and a return on equity of 90.52%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the company posted $0.20 EPS. On average, equities analysts anticipate that Sportsman’s Warehouse Holdings will post $0.63 EPS for the current year.

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In other Sportsman’s Warehouse Holdings news, CEO John V. Schaefer sold 608,534 shares of the stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $5.45, for a total transaction of $3,316,510.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Kay L. Toolson acquired 10,000 shares of the firm’s stock in a transaction on Thursday, July 13th. The shares were bought at an average cost of $5.00 per share, for a total transaction of $50,000.00. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 25,700 shares of company stock worth $116,626 and have sold 1,148,821 shares worth $6,213,192. 4.15% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of SPWH. Teachers Advisors LLC grew its holdings in Sportsman’s Warehouse Holdings by 11.4% during the 4th quarter. Teachers Advisors LLC now owns 48,195 shares of the company’s stock worth $453,000 after acquiring an additional 4,940 shares during the last quarter. Karp Capital Management Corp bought a new stake in Sportsman’s Warehouse Holdings during the 1st quarter worth about $100,000. Engineers Gate Manager LP grew its holdings in Sportsman’s Warehouse Holdings by 176.9% during the 1st quarter. Engineers Gate Manager LP now owns 55,248 shares of the company’s stock worth $264,000 after acquiring an additional 35,298 shares during the last quarter. Trexquant Investment LP grew its holdings in Sportsman’s Warehouse Holdings by 406.8% during the 1st quarter. Trexquant Investment LP now owns 71,361 shares of the company’s stock worth $341,000 after acquiring an additional 57,280 shares during the last quarter. Finally, Oxford Asset Management grew its holdings in Sportsman’s Warehouse Holdings by 18.2% during the 1st quarter. Oxford Asset Management now owns 107,080 shares of the company’s stock worth $512,000 after acquiring an additional 16,476 shares during the last quarter. 88.42% of the stock is currently owned by hedge funds and other institutional investors.

Sportsman’s Warehouse Holdings Company Profile

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 Holdings (NASDAQ:SPWH)

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