Piper Jaffray Companies Reiterates “In-Line” Rating for Sportsman’s Warehouse (NASDAQ:SPWH)

Piper Jaffray Companies reiterated their in-line rating on shares of Sportsman’s Warehouse (NASDAQ:SPWH) in a research note released on Thursday, The Fly reports. Piper Jaffray Companies currently has a $11.00 price target on the stock, up from their prior price target of $8.00. Piper Jaffray Companies also issued estimates for Sportsman’s Warehouse’s Q4 2020 earnings at $0.32 EPS, FY2020 earnings at $0.59 EPS, Q3 2021 earnings at $0.32 EPS, Q4 2021 earnings at $0.34 EPS, FY2021 earnings at $0.71 EPS, Q1 2022 earnings at ($0.13) EPS, Q2 2022 earnings at $0.21 EPS, Q3 2022 earnings at $0.36 EPS and FY2022 earnings at $0.81 EPS.

Several other analysts also recently weighed in on the stock. DA Davidson set a $6.00 target price on shares of Sportsman’s Warehouse and gave the stock a buy rating in a research report on Monday, September 23rd. Zacks Investment Research raised shares of Sportsman’s Warehouse from a hold rating to a buy rating and set a $4.50 price target for the company in a report on Tuesday, September 3rd. BidaskClub upgraded shares of Sportsman’s Warehouse from a buy rating to a strong-buy rating in a research note on Sunday, October 13th. ValuEngine raised shares of Sportsman’s Warehouse from a sell rating to a hold rating in a report on Tuesday. Finally, Robert W. Baird upped their target price on Sportsman’s Warehouse from $4.00 to $5.00 and gave the company a neutral rating in a research report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Sportsman’s Warehouse presently has a consensus rating of Buy and an average price target of $7.38.

Shares of SPWH stock traded up $0.15 during trading hours on Thursday, reaching $8.20. 1,344,626 shares of the company’s stock were exchanged, compared to its average volume of 395,496. Sportsman’s Warehouse has a 1 year low of $3.41 and a 1 year high of $8.82. The stock has a market cap of $359.67 million, a PE ratio of 13.67 and a beta of 0.36. The company has a current ratio of 1.04, a quick ratio of 0.05 and a debt-to-equity ratio of 2.31. The stock’s fifty day moving average price is $7.05 and its two-hundred day moving average price is $4.99.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $242.50 million for the quarter, compared to the consensus estimate of $235.39 million. Sportsman’s Warehouse had a net margin of 2.71% and a return on equity of 27.73%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 earnings per share. On average, equities analysts expect that Sportsman’s Warehouse will post 0.53 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in SPWH. Meadow Creek Investment Management LLC boosted its position in Sportsman’s Warehouse by 87.5% in the second quarter. Meadow Creek Investment Management LLC now owns 14,850 shares of the company’s stock valued at $56,000 after buying an additional 6,930 shares during the last quarter. First Trust Advisors LP lifted its stake in Sportsman’s Warehouse by 32.8% during the 3rd quarter. First Trust Advisors LP now owns 91,204 shares of the company’s stock valued at $472,000 after acquiring an additional 22,529 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in Sportsman’s Warehouse by 16.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 611,760 shares of the company’s stock valued at $2,312,000 after acquiring an additional 88,276 shares during the period. Stephens Investment Management Group LLC lifted its stake in Sportsman’s Warehouse by 6.8% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,782,838 shares of the company’s stock valued at $9,235,000 after acquiring an additional 113,233 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Sportsman’s Warehouse in the 3rd quarter valued at $259,000. Hedge funds and other institutional investors own 97.47% of the company’s stock.

Sportsman’s Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and clothing products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

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