Sportsman’s Warehouse Holdings Inc. (NASDAQ:SPWH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to 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 research analysts have also recently issued research reports about the stock. DA Davidson restated a “buy” rating on shares of Sportsman’s Warehouse Holdings in a research report on Monday, August 15th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $15.00 price objective on shares of Sportsman’s Warehouse Holdings in a research report on Monday, August 15th. Robert W. Baird restated an “outperform” rating and issued a $15.00 price objective on shares of Sportsman’s Warehouse Holdings in a research report on Friday, August 19th. TheStreet upgraded shares of Sportsman’s Warehouse Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, August 18th. Finally, Piper Jaffray Cos. restated an “overweight” rating and issued a $14.00 price objective on shares of Sportsman’s Warehouse Holdings in a research report on Sunday, August 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Sportsman’s Warehouse Holdings presently has an average rating of “Buy” and a consensus price target of $14.20.

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

Shares of Sportsman’s Warehouse Holdings (NASDAQ:SPWH) opened at 8.58 on Friday. The stock has a market cap of $357.79 million, a P/E ratio of 12.27 and a beta of -0.48. Sportsman’s Warehouse Holdings has a 12 month low of $7.71 and a 12 month high of $14.18. The company has a 50 day moving average of $9.65 and a 200 day moving average of $9.68.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) last announced its quarterly earnings results on Thursday, November 17th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. Sportsman’s Warehouse Holdings had a net margin of 3.96% and a return on equity of 3,291.24%. The firm earned $217.16 million during the quarter. During the same period in the prior year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities research analysts expect that Sportsman’s Warehouse Holdings will post $0.74 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. TimesSquare Capital Management LLC purchased a new position in shares of Sportsman’s Warehouse Holdings during the second quarter worth about $16,120,000. Peregrine Capital Management LLC purchased a new position in shares of Sportsman’s Warehouse Holdings during the third quarter worth about $10,687,000. Hood River Capital Management LLC purchased a new position in shares of Sportsman’s Warehouse Holdings during the third quarter worth about $9,893,000. Fiera Capital Corp purchased a new position in shares of Sportsman’s Warehouse Holdings during the second quarter worth about $6,997,000. Finally, Eagle Asset Management Inc. boosted its position in shares of Sportsman’s Warehouse Holdings by 80.5% in the second quarter. Eagle Asset Management Inc. now owns 1,743,983 shares of the company’s stock worth $14,056,000 after buying an additional 777,539 shares in the last quarter. Hedge funds and other institutional investors own 78.57% 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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