Sportsman’s Warehouse Holdings, Inc. (SPWH) Receives $7.21 Average Target Price from Brokerages

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $6.94.

Several equities research analysts have weighed in on the company. ValuEngine cut Sportsman’s Warehouse Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. DA Davidson reissued a “buy” rating and set a $8.00 price objective on shares of Sportsman’s Warehouse Holdings in a research note on Saturday, June 3rd. TheStreet raised Sportsman’s Warehouse Holdings from a “d+” rating to a “c-” rating in a research note on Tuesday, May 30th. Ifs Securities reissued a “market perform” rating and set a $5.00 price objective on shares of Sportsman’s Warehouse Holdings in a research note on Friday. Finally, Piper Jaffray Companies set a $6.00 price objective on Sportsman’s Warehouse Holdings and gave the stock a “hold” rating in a research note on Sunday, August 20th.

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Sportsman’s Warehouse Holdings (NASDAQ SPWH) traded down 2.7093% during trading on Friday, reaching $4.1835. The company had a trading volume of 339,122 shares. The firm’s 50 day moving average is $4.20 and its 200 day moving average is $4.73. The company has a market capitalization of $174.45 million, a PE ratio of 7.6621 and a beta of -0.83. Sportsman’s Warehouse Holdings has a one year low of $3.40 and a one year high of $11.16.

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

In other news, CEO John V. Schaefer sold 608,534 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $5.45, for a total transaction of $3,316,510.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jon Barker bought 14,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average cost of $4.13 per share, for a total transaction of $57,820.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 25,700 shares of company stock worth $116,626 and have sold 1,148,821 shares worth $6,213,192. Corporate insiders own 4.15% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its stake in shares of Sportsman’s Warehouse Holdings by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 105,928 shares of the company’s stock valued at $573,000 after buying an additional 684 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Sportsman’s Warehouse Holdings by 11.4% during the fourth quarter. Teachers Advisors LLC now owns 48,195 shares of the company’s stock valued at $453,000 after buying an additional 4,940 shares during the last quarter. Nationwide Fund Advisors grew its stake in shares of Sportsman’s Warehouse Holdings by 35.8% during the second quarter. Nationwide Fund Advisors now owns 20,626 shares of the company’s stock valued at $111,000 after buying an additional 5,442 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Sportsman’s Warehouse Holdings by 4.0% during the second quarter. Bank of New York Mellon Corp now owns 149,310 shares of the company’s stock valued at $806,000 after buying an additional 5,788 shares during the last quarter. Finally, Credit Suisse AG grew its stake in shares of Sportsman’s Warehouse Holdings by 25.5% during the first quarter. Credit Suisse AG now owns 33,971 shares of the company’s stock valued at $162,000 after buying an additional 6,897 shares during the last quarter. 88.42% of the stock is currently owned by hedge funds and other institutional investors.

About Sportsman’s Warehouse Holdings

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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