Piper Jaffray Companies restated their in-line rating on shares of Sportsman’s Warehouse (NASDAQ:SPWH) in a research note released on Thursday morning, 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.

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

Shares of NASDAQ:SPWH opened at $8.20 on Thursday. The firm’s 50 day moving average is $7.05 and its two-hundred day moving average is $4.99. Sportsman’s Warehouse has a 52 week low of $3.41 and a 52 week high of $8.82. The firm has a market capitalization of $348.00 million, a P/E 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.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings results on Wednesday, December 4th. The company reported $0.25 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.25. Sportsman’s Warehouse had a return on equity of 26.06% and a net margin of 2.43%. The company had revenue of $242.50 million for the quarter, compared to analysts’ expectations of $235.39 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts predict that Sportsman’s Warehouse will post 0.58 EPS for the current year.

Several institutional investors have recently made changes to their positions in SPWH. Meadow Creek Investment Management LLC lifted its holdings in shares of Sportsman’s Warehouse by 87.5% during the second quarter. Meadow Creek Investment Management LLC now owns 14,850 shares of the company’s stock valued at $56,000 after purchasing an additional 6,930 shares during the last quarter. First Trust Advisors LP grew its position in shares of Sportsman’s Warehouse by 32.8% in the third quarter. First Trust Advisors LP now owns 91,204 shares of the company’s stock valued at $472,000 after purchasing an additional 22,529 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of Sportsman’s Warehouse by 16.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 611,760 shares of the company’s stock worth $2,312,000 after purchasing an additional 88,276 shares during the period. Rhumbline Advisers increased its stake in shares of Sportsman’s Warehouse by 9.3% in the third quarter. Rhumbline Advisers now owns 62,650 shares of the company’s stock worth $325,000 after purchasing an additional 5,338 shares during the period. Finally, Stephens Investment Management Group LLC lifted its position in shares of 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 worth $9,235,000 after purchasing an additional 113,233 shares during the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

About Sportsman’s Warehouse

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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