Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)‘s stock had its “buy” rating reissued by DA Davidson in a research report issued to clients and investors on Tuesday. They currently have a $8.00 price target on the stock. DA Davidson’s price target would indicate a potential upside of 127.27% from the company’s previous close.

SPWH has been the subject of a number of other research reports. ValuEngine downgraded shares of Sportsman’s Warehouse Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Forward View upgraded shares of Sportsman’s Warehouse Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. Finally, TheStreet upgraded shares of Sportsman’s Warehouse Holdings from a “d+” rating to a “c-” rating in a research note on Tuesday, May 30th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Sportsman’s Warehouse Holdings currently has a consensus rating of “Hold” and a consensus price target of $7.64.

Shares of Sportsman’s Warehouse Holdings (NASDAQ SPWH) traded down 16.19% during mid-day trading on Tuesday, reaching $3.52. The company’s stock had a trading volume of 2,281,052 shares. Sportsman’s Warehouse Holdings has a one year low of $3.51 and a one year high of $11.30. The stock has a 50 day moving average of $4.72 and a 200-day moving average of $5.02. The stock has a market cap of $146.78 million, a P/E ratio of 6.06 and a beta of -0.85.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) last posted its quarterly earnings results on Thursday, May 25th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. The business had revenue of $156.90 million during the quarter, compared to analyst estimates of $153.06 million. Sportsman’s Warehouse Holdings had a return on equity of 127.68% and a net margin of 3.16%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities research analysts expect that Sportsman’s Warehouse Holdings will post $0.62 EPS for the current fiscal year.

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In other Sportsman’s Warehouse Holdings news, Director Kay L. Toolson bought 10,000 shares of Sportsman’s Warehouse Holdings stock in a transaction dated Monday, May 22nd. The stock was acquired at an average cost of $5.62 per share, with a total value of $56,200.00. Following the completion of the acquisition, the director now owns 77,916 shares of the company’s stock, valued at $437,887.92. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John V. Schaefer sold 473,724 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $5.37, for a total transaction of $2,543,897.88. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 23,700 shares of company stock valued at $126,726 and sold 1,148,821 shares valued at $6,213,192. Corporate insiders own 3.60% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Sportsman’s Warehouse Holdings by 30.6% in the fourth quarter. State Street Corp now owns 374,626 shares of the company’s stock worth $3,522,000 after buying an additional 87,770 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Sportsman’s Warehouse Holdings by 23.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 556,542 shares of the company’s stock worth $5,226,000 after buying an additional 107,006 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Sportsman’s Warehouse Holdings by 11.4% in the fourth quarter. Teachers Advisors LLC now owns 48,195 shares of the company’s stock worth $453,000 after buying an additional 4,940 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Sportsman’s Warehouse Holdings by 14.5% in the fourth quarter. Macquarie Group Ltd. now owns 103,889 shares of the company’s stock worth $976,000 after buying an additional 13,118 shares during the last quarter. Finally, Skylands Capital LLC boosted its stake in shares of Sportsman’s Warehouse Holdings by 71.1% in the first quarter. Skylands Capital LLC now owns 344,400 shares of the company’s stock worth $1,646,000 after buying an additional 143,100 shares during 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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