The Sportsman’s Warehouse Holdings, Inc. (SPWH) Given Average Recommendation of “Buy” by Brokerages

The Sportsman’s Warehouse Holdings, Inc. (SPWH) Given Average Recommendation of “Buy” by Brokerages

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have earned a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the stock. Three analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $14.29.

SPWH has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Sportsman’s Warehouse Holdings from a “hold” rating to a “sell” rating in a report on Saturday, November 19th. Forward View raised shares of Sportsman’s Warehouse Holdings from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Thursday, January 5th. Credit Suisse Group set a $16.00 price target on shares of Sportsman’s Warehouse Holdings and gave the company a “buy” rating in a report on Monday, October 10th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $15.00 price target on shares of Sportsman’s Warehouse Holdings in a report on Tuesday, October 4th.

Shares of Sportsman’s Warehouse Holdings (NASDAQ:SPWH) traded down 1.5288% on Wednesday, reaching $8.3799. 166,392 shares of the company’s stock were exchanged. Sportsman’s Warehouse Holdings has a 1-year low of $7.71 and a 1-year high of $14.18. The stock’s 50-day moving average price is $9.26 and its 200-day moving average price is $9.73. The company has a market capitalization of $349.44 million, a P/E ratio of 11.6387 and a beta of -0.47.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) last announced its quarterly earnings data on Thursday, November 17th. The company reported $0.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The company earned $217.16 million during the quarter. Sportsman’s Warehouse Holdings had a net margin of 3.96% and a return on equity of 564.51%. Sportsman’s Warehouse Holdings’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 earnings per share. Analysts anticipate that Sportsman’s Warehouse Holdings will post $0.72 EPS for the current fiscal year.

In other news, CFO Kevan P. Talbot bought 4,000 shares of Sportsman’s Warehouse Holdings stock in a transaction on Thursday, December 22nd. The stock was purchased at an average cost of $9.40 per share, with a total value of $37,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in SPWH. Paradigm Asset Management Co. LLC increased 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 worth $102,000 after buying an additional 1,500 shares during the period. Analytic Investors LLC bought a new stake in Sportsman’s Warehouse Holdings during the second quarter worth approximately $105,000. American International Group Inc. increased 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 worth $120,000 after buying an additional 4,333 shares during the period. BlackRock Group LTD increased 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 worth $125,000 after buying an additional 7,732 shares during the period. Finally, First Trust Advisors LP increased 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 worth $132,000 after buying an additional 3,264 shares during the period. Institutional investors own 79.15% of the company’s stock.

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.

Related posts

Leave a Comment