DA Davidson Trims Sportsman’s Warehouse (SPWH) Target Price to $6.50

Sportsman’s Warehouse (NASDAQ:SPWH) had its price target lowered by equities researchers at DA Davidson from $8.00 to $6.50 in a report issued on Friday, November 17th. The firm currently has a “buy” rating on the stock. DA Davidson’s target price would suggest a potential upside of 24.52% from the company’s current price. DA Davidson also issued estimates for Sportsman’s Warehouse’s Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $0.57 EPS, Q1 2019 earnings at ($0.07) EPS, Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.24 EPS, FY2019 earnings at $0.58 EPS and FY2020 earnings at $0.65 EPS.

A number of other analysts have also recently weighed in on the stock. ValuEngine cut shares of Sportsman’s Warehouse from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Forward View set a $4.00 price target on shares of Sportsman’s Warehouse and gave the stock a “hold” rating in a research note on Saturday, August 26th. MKM Partners restated a “buy” rating and issued a $7.00 target price on shares of Sportsman’s Warehouse in a research note on Wednesday, August 16th. Ifs Securities restated a “market perform” rating and issued a $5.00 target price on shares of Sportsman’s Warehouse in a research note on Friday, September 15th. Finally, Piper Jaffray Companies set a $6.00 target price on shares of Sportsman’s Warehouse and gave the stock a “hold” rating in a research note on Sunday, August 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Sportsman’s Warehouse presently has a consensus rating of “Buy” and an average target price of $6.50.

Shares of Sportsman’s Warehouse (SPWH) opened at $5.22 on Friday. Sportsman’s Warehouse has a 52-week low of $3.40 and a 52-week high of $9.86. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.54 and a quick ratio of 0.03. The company has a market cap of $222.26, a P/E ratio of 9.49, a price-to-earnings-growth ratio of 0.92 and a beta of -0.66.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its earnings results on Thursday, November 16th. The company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). The company had revenue of $218.10 million during the quarter, compared to analysts’ expectations of $222.59 million. Sportsman’s Warehouse had a net margin of 2.84% and a return on equity of 71.55%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the business earned $0.25 earnings per share. equities research analysts anticipate that Sportsman’s Warehouse will post 0.57 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Nationwide Fund Advisors grew its holdings in shares of Sportsman’s Warehouse by 35.8% during the second quarter. Nationwide Fund Advisors now owns 20,626 shares of the company’s stock worth $111,000 after buying an additional 5,442 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Sportsman’s Warehouse during the second quarter worth about $114,000. Marshall Wace North America L.P. purchased a new stake in shares of Sportsman’s Warehouse during the second quarter worth about $109,000. Goldman Sachs Group Inc. grew its holdings in shares of Sportsman’s Warehouse by 71.1% during the first quarter. Goldman Sachs Group Inc. now owns 23,956 shares of the company’s stock worth $115,000 after buying an additional 9,952 shares in the last quarter. Finally, California Public Employees Retirement System purchased a new stake in shares of Sportsman’s Warehouse during the first quarter worth about $122,000.

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Sportsman’s Warehouse 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 (NASDAQ:SPWH)

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