Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) PT Set at $8.00 by DA Davidson

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has been given a $8.00 price objective by equities research analysts at DA Davidson in a report released on Monday, October 16th. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price target points to a potential upside of 89.13% from the company’s current price.

Other research analysts have also issued research reports about the company. Piper Jaffray Companies reiterated a “hold” rating and issued a $6.00 price target on shares of Sportsman’s Warehouse Holdings in a research report on Sunday, October 1st. MKM Partners reiterated a “buy” rating and issued a $7.00 price target on shares of Sportsman’s Warehouse Holdings in a research report on Wednesday, August 16th. Ifs Securities reiterated a “market perform” rating and issued a $5.00 price target on shares of Sportsman’s Warehouse Holdings in a research report on Friday, September 15th. Robert W. Baird reiterated a “buy” rating and issued a $7.00 price target on shares of Sportsman’s Warehouse Holdings in a research report on Thursday, September 21st. Finally, ValuEngine lowered Sportsman’s Warehouse Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $6.81.

Shares of Sportsman’s Warehouse Holdings (NASDAQ SPWH) opened at 4.23 on Monday. Sportsman’s Warehouse Holdings has a 12 month low of $3.40 and a 12 month high of $9.86. The company has a market capitalization of $176.39 million, a P/E ratio of 7.75 and a beta of -0.79. The company’s 50 day moving average price is $4.38 and its 200 day moving average price is $4.69.

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, beating the Zacks’ consensus estimate of $0.13 by $0.02. The firm had revenue of $191.50 million during the quarter, compared to analyst estimates of $191.28 million. Sportsman’s Warehouse Holdings had a return on equity of 90.52% and a net margin of 2.94%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share. Analysts expect that Sportsman’s Warehouse Holdings will post $0.63 EPS for the current fiscal year.

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In related news, insider Jon Barker purchased 14,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average price of $4.13 per share, with a total value of $57,820.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.15% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Skylands Capital LLC raised its stake in Sportsman’s Warehouse Holdings by 19.1% in the third quarter. Skylands Capital LLC now owns 476,350 shares of the company’s stock worth $2,148,000 after buying an additional 76,300 shares in the last quarter. Mesirow Financial Investment Management Inc. bought a new position in Sportsman’s Warehouse Holdings in the second quarter worth approximately $271,000. California State Teachers Retirement System raised its stake in Sportsman’s Warehouse Holdings by 23.5% in the second quarter. California State Teachers Retirement System now owns 64,124 shares of the company’s stock worth $346,000 after buying an additional 12,200 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Sportsman’s Warehouse Holdings by 41.2% in the second quarter. The Manufacturers Life Insurance Company now owns 31,397 shares of the company’s stock worth $169,000 after buying an additional 9,156 shares in the last quarter. Finally, CWH Capital Management Inc. raised its stake in Sportsman’s Warehouse Holdings by 2.7% in the second quarter. CWH Capital Management Inc. now owns 809,145 shares of the company’s stock worth $4,369,000 after buying an additional 21,375 shares in the last quarter. 88.37% of the stock is owned by 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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