Sportsman’s Warehouse Holdings Inc. (NASDAQ:SPWH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

According to Zacks, “Sportsman’s Warehouse Holdings, Inc. is an outdoor sporting goods retailer. Its stores offer camping products, fishing products, and hunting and shooting products. The Company’s stores also provide clothing products, footwear products and optics, electronics, and accessories. It also carries a range of private label offerings under the Rustic Ridge, Yukon Gold and Sportsman’s Warehouse brands. Sportsman’s Warehouse Holdings, Inc. is headquartered in Midvale, Utah. “

Other equities analysts have also issued reports about the company. DA Davidson reiterated a “buy” rating on shares of Sportsman’s Warehouse Holdings in a research report on Monday, August 15th. Piper Jaffray Cos. restated an “overweight” rating and set a $14.00 price target on shares of Sportsman’s Warehouse Holdings in a research report on Sunday, August 21st. Goldman Sachs Group Inc. restated a “buy” rating and set a $15.00 price target on shares of Sportsman’s Warehouse Holdings in a research report on Monday, August 15th. TheStreet upgraded Sportsman’s Warehouse Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, August 18th. Finally, Credit Suisse Group AG set a $16.00 price target on Sportsman’s Warehouse Holdings and gave the stock a “buy” rating in a research report on Monday, October 10th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Sportsman’s Warehouse Holdings has a consensus rating of “Buy” and a consensus price target of $14.20.

Analyst Recommendations for Sportsman`s Warehouse Holdings (NASDAQ:SPWH)

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) opened at 7.91 on Friday. The firm has a market capitalization of $329.85 million, a price-to-earnings ratio of 11.32 and a beta of -0.48. The stock’s 50 day moving average price is $9.94 and its 200-day moving average price is $9.79. Sportsman’s Warehouse Holdings has a 12 month low of $7.71 and a 12 month high of $14.18.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) last announced its quarterly earnings data on Thursday, August 18th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. The firm had revenue of $189.80 million for the quarter. Sportsman’s Warehouse Holdings had a negative return on equity of 1,046.38% and a net margin of 3.92%. Sportsman’s Warehouse Holdings’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 earnings per share. Equities analysts anticipate that Sportsman’s Warehouse Holdings will post $0.74 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in Sportsman’s Warehouse Holdings by 2.1% in the third quarter. Rhumbline Advisers now owns 24,398 shares of the company’s stock worth $257,000 after buying an additional 500 shares during the last quarter. California State Teachers Retirement System boosted its position in Sportsman’s Warehouse Holdings by 0.9% in the third quarter. California State Teachers Retirement System now owns 54,624 shares of the company’s stock worth $575,000 after buying an additional 500 shares during the last quarter. BlackRock Group LTD boosted its position in Sportsman’s Warehouse Holdings by 4.8% in the third quarter. BlackRock Group LTD now owns 16,312 shares of the company’s stock worth $172,000 after buying an additional 747 shares during the last quarter. BlackRock Advisors LLC boosted its position in Sportsman’s Warehouse Holdings by 8.8% in the third quarter. BlackRock Advisors LLC now owns 13,063 shares of the company’s stock worth $137,000 after buying an additional 1,060 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its position 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 last quarter. Institutional investors own 76.92% of the company’s stock.

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.

5 Day Chart for NASDAQ:SPWH

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