Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) received a $6.00 price target from Piper Jaffray Companies in a research note issued on Sunday. The brokerage currently has a “hold” rating on the stock. Piper Jaffray Companies’ price target would suggest a potential upside of 48.51% from the company’s previous close.

Several other equities analysts also recently issued reports on the stock. Forward View raised shares of Sportsman’s Warehouse Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. DA Davidson reaffirmed a “buy” rating and set a $8.00 price target on shares of Sportsman’s Warehouse Holdings in a research note on Tuesday, August 15th. ValuEngine downgraded shares of Sportsman’s Warehouse Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet raised shares of Sportsman’s Warehouse Holdings from a “d+” rating to a “c-” rating in a research note on Tuesday, May 30th. Finally, MKM Partners reaffirmed a “buy” rating and set a $7.00 price target on shares of Sportsman’s Warehouse Holdings in a research note on Wednesday, August 16th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $7.81.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) opened at 4.04 on Friday. The company has a 50-day moving average of $4.54 and a 200 day moving average of $4.91. Sportsman’s Warehouse Holdings has a 52-week low of $3.40 and a 52-week high of $11.24. The company has a market cap of $168.47 million, a PE ratio of 7.40 and a beta of -0.85.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) last issued its earnings results on Thursday, August 17th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Sportsman’s Warehouse Holdings had a net margin of 2.94% and a return on equity of 97.90%. The firm had revenue of $191.50 million for the quarter, compared to analyst estimates of $191.28 million. During the same quarter last year, the business posted $0.20 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts predict that Sportsman’s Warehouse Holdings will post $0.64 EPS for the current year.

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In other Sportsman’s Warehouse Holdings news, Director Kay L. Toolson purchased 10,000 shares of the company’s stock in a transaction dated Thursday, July 13th. The stock was purchased at an average price of $5.00 per share, with a total value of $50,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John V. Schaefer sold 608,534 shares of Sportsman’s Warehouse Holdings stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $5.45, for a total transaction of $3,316,510.30. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 13,700 shares of company stock valued at $70,526 and have sold 1,148,821 shares valued at $6,213,192. 4.15% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Karp Capital Management Corp purchased a new position in shares of Sportsman’s Warehouse Holdings during the first quarter worth $100,000. Marshall Wace North America L.P. purchased a new position in shares of Sportsman’s Warehouse Holdings during the second quarter worth $109,000. Nationwide Fund Advisors increased its position in shares of Sportsman’s Warehouse Holdings by 35.8% in 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 position in shares of Sportsman’s Warehouse Holdings during the second quarter worth $114,000. Finally, Goldman Sachs Group Inc. increased 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 worth $115,000 after buying an additional 9,952 shares in the last quarter. 80.44% of the stock is owned by institutional investors and hedge funds.

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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