Zacks Investment Research upgraded shares of Sportsman's Warehouse (NASDAQ:SPWH) from a sell rating to a hold rating in a research report released on Friday morning.

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. “

Several other equities analysts also recently commented on SPWH. Robert W. Baird reaffirmed a buy rating and set a $7.00 price objective on shares of Sportsman's Warehouse in a research note on Thursday, September 21st. Piper Jaffray Companies reissued a hold rating and issued a $6.00 price target on shares of Sportsman's Warehouse in a research note on Sunday, October 1st. DA Davidson set a $8.00 price target on shares of Sportsman's Warehouse and gave the stock a buy rating in a research note on Monday, October 16th. Ifs Securities raised shares of Sportsman's Warehouse from a market perform rating to an outperform rating and set a $5.00 price target for the company in a research note on Friday, November 17th. Finally, 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, November 18th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $6.69.

Shares of Sportsman's Warehouse (NASDAQ:SPWH) traded up $0.10 during trading hours on Friday, hitting $5.51. 395,651 shares of the stock traded hands, compared to its average volume of 600,842. The company has a market capitalization of $230.35, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 0.95 and a beta of -0.65. The company has a current ratio of 1.54, a quick ratio of 0.03 and a debt-to-equity ratio of 3.09. Sportsman's Warehouse has a 52-week low of $3.40 and a 52-week high of $8.28.

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

In related news, CFO Kevan P. Talbot purchased 13,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was bought at an average cost of $5.78 per share, with a total value of $75,140.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.15% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Boston Partners grew its holdings in Sportsman's Warehouse by 6.7% in the third quarter. Boston Partners now owns 2,740,624 shares of the company’s stock worth $12,360,000 after purchasing an additional 173,057 shares during the period. Towle & Co. purchased a new stake in Sportsman's Warehouse in the third quarter worth about $11,184,000. Boston Private Wealth LLC grew its holdings in Sportsman's Warehouse by 69.0% in the third quarter. Boston Private Wealth LLC now owns 2,112,000 shares of the company’s stock worth $9,525,000 after purchasing an additional 862,000 shares during the period. Citadel Advisors LLC grew its holdings in Sportsman's Warehouse by 1.6% in the third quarter. Citadel Advisors LLC now owns 1,376,735 shares of the company’s stock worth $6,209,000 after purchasing an additional 21,053 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Sportsman's Warehouse by 55.7% in the second quarter. Dimensional Fund Advisors LP now owns 965,506 shares of the company’s stock worth $5,214,000 after purchasing an additional 345,564 shares during the period.

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About Sportsman's Warehouse

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.

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