Sportsman's Warehouse Holdings Inc (SPWH) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Sportsman's Warehouse Holdings Inc (NASDAQ:SPWH) from a sell rating to a hold rating in a report published on Wednesday.

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. “

A number of other equities research analysts also recently issued reports on the company. Forward View downgraded Sportsman's Warehouse Holdings from a buy rating to a hold rating in a research report on Wednesday, February 15th. Piper Jaffray Companies decreased their price objective on Sportsman's Warehouse Holdings from $14.00 to $10.00 and set an overweight rating on the stock in a research report on Tuesday, February 7th. Finally, Credit Suisse Group AG decreased their price objective on Sportsman's Warehouse Holdings from $16.00 to $11.00 and set an outperform rating on the stock in a research report on Monday, February 6th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Sportsman's Warehouse Holdings currently has a consensus rating of Buy and an average target price of $11.88.

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

Shares of Sportsman's Warehouse Holdings (NASDAQ:SPWH) opened at 4.87 on Wednesday. The company’s 50 day moving average price is $5.50 and its 200 day moving average price is $8.47. The company has a market capitalization of $203.08 million, a price-to-earnings ratio of 6.76 and a beta of -0.55. Sportsman's Warehouse Holdings has a 52-week low of $4.18 and a 52-week high of $14.18.

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In related news, CFO Kevan P. Talbot acquired 4,000 shares of the firm’s stock in a transaction on Thursday, December 22nd. The shares were acquired at an average cost of $9.40 per share, for a total transaction of $37,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.60% of the company’s stock.

Large investors have recently modified their holdings of the stock. Tyvor Capital LLC bought a new stake in shares of Sportsman's Warehouse Holdings during the fourth quarter worth about $7,102,000. Alyeska Investment Group L.P. increased its stake in shares of Sportsman's Warehouse Holdings by 75.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 525,000 shares of the company’s stock valued at $4,930,000 after buying an additional 225,000 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Sportsman's Warehouse Holdings by 1,427.6% in the fourth quarter. Two Sigma Investments LP now owns 333,177 shares of the company’s stock valued at $3,129,000 after buying an additional 311,367 shares during the last quarter. Millrace Asset Group Inc. acquired a new stake in shares of Sportsman's Warehouse Holdings during the fourth quarter valued at $1,706,000. Finally, Franklin Resources Inc. increased its stake in shares of Sportsman's Warehouse Holdings by 2.4% in the fourth quarter. Franklin Resources Inc. now owns 3,760,602 shares of the company’s stock valued at $35,312,000 after buying an additional 88,604 shares during the last quarter. Institutional investors and hedge funds own 80.41% of the company’s stock.

Sportsman's Warehouse Holdings Company Profile

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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