Sportsman's Warehouse Holdings Inc (SPWH) Given Consensus Rating of “Buy” by Analysts

Shares of Sportsman's Warehouse Holdings Inc (NASDAQ:SPWH) have received an average recommendation of “Buy” from the ten analysts that are covering the firm. Five equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $8.25.

SPWH has been the topic of a number of recent research reports. Piper Jaffray Companies cut Sportsman's Warehouse Holdings from an “overweight” rating to a “neutral” rating and set a $4.00 price target on the stock. in a research report on Friday, March 24th. Zacks Investment Research raised Sportsman's Warehouse Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Forward View cut Sportsman's Warehouse Holdings from a “hold” rating to a “sell” rating and set a $4.00 price objective on the stock. in a report on Saturday, March 25th. Goldman Sachs Group Inc cut Sportsman's Warehouse Holdings from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $8.50 to $6.50 in a report on Sunday, March 26th. Finally, Robert W. Baird set a $8.00 price objective on Sportsman's Warehouse Holdings and gave the stock a “buy” rating in a report on Saturday, March 25th.

Several institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its position in shares of Sportsman's Warehouse Holdings by 71.1% in the first quarter. Goldman Sachs Group Inc. now owns 23,956 shares of the company’s stock valued at $115,000 after buying an additional 9,952 shares during the period. Grandeur Peak Global Advisors LLC raised its position in shares of Sportsman's Warehouse Holdings by 14.7% in the first quarter. Grandeur Peak Global Advisors LLC now owns 1,322,235 shares of the company’s stock valued at $6,320,000 after buying an additional 169,150 shares during the period. Credit Suisse AG raised its position in shares of Sportsman's Warehouse Holdings by 25.5% in 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 period. Tudor Investment Corp ET AL raised its position in shares of Sportsman's Warehouse Holdings by 152.8% in the first quarter. Tudor Investment Corp ET AL now owns 42,225 shares of the company’s stock valued at $202,000 after buying an additional 25,519 shares during the period. Finally, Proxima Capital Management LLC purchased a new position in shares of Sportsman's Warehouse Holdings during the first quarter valued at approximately $239,000. Hedge funds and other institutional investors own 80.41% of the company’s stock.

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Shares of Sportsman's Warehouse Holdings (NASDAQ:SPWH) opened at 5.70 on Monday. Sportsman's Warehouse Holdings has a 12-month low of $3.86 and a 12-month high of $11.30. The company’s 50 day moving average is $4.57 and its 200 day moving average is $6.70. The firm has a market capitalization of $237.69 million, a PE ratio of 8.14 and a beta of -0.55.

Sportsman's Warehouse Holdings (NASDAQ:SPWH) last issued its quarterly earnings results on Thursday, May 18th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.01. Sportsman's Warehouse Holdings had a net margin of 3.96% and a return on equity of 564.51%. The firm had revenue of $156.90 million for the quarter, compared to analysts’ expectations of $153.06 million. The firm’s revenue was up 3.5% on a year-over-year basis. On average, analysts forecast that Sportsman's Warehouse Holdings will post $0.64 earnings per share for the current year.

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.

12 Month Chart for NASDAQ:SPWH

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