Is Sportsman’s Warehouse (NASDAQ:SPWH) Now a Sell? Why did Baird Downgrade The Stock?

March 16, 2018 - By Maria Brooks

 Is Sportsman's Warehouse (NASDAQ:SPWH) Now a Sell? Why did Baird Downgrade The Stock?

Sportsman’s Warehouse (NASDAQ:SPWH) Receives a Downgrade

In an analyst report released on 15 March, Baird has decided to cut rating on Sportsman’s Warehouse (NASDAQ:SPWH) shares to a “Neutral”. SPWH’s prior rating was a “Outperform”.

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Ratings Coverage

Among 8 analysts covering Sportsmans Warehouse (NASDAQ:SPWH), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Sportsmans Warehouse has $16.50 highest and $4.0 lowest target. $8.19’s average target is 102.72% above currents $4.04 stock price. Sportsmans Warehouse had 26 analyst reports since August 28, 2015 according to SRatingsIntel. M Partners maintained it with “Buy” rating and $14 target in Friday, November 20 report. As per Friday, August 18, the company rating was maintained by Piper Jaffray. On Friday, November 20 the stock rating was maintained by DA Davidson with “Buy”. The stock of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) has “Outperform” rating given on Thursday, March 24 by Credit Suisse. The stock of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) earned “Buy” rating by DA Davidson on Thursday, September 3. Goldman Sachs maintained Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) rating on Thursday, March 24. Goldman Sachs has “Buy” rating and $16.50 target. The firm has “Buy” rating given on Wednesday, September 20 by Robert W. Baird. The firm has “Buy” rating by DA Davidson given on Wednesday, December 27. The stock of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) has “Buy” rating given on Friday, November 17 by DA Davidson. The rating was maintained by Forward View Consulting on Saturday, November 18 with “Hold”.

The stock increased 0.75% or $0.03 during the last trading session, reaching $4.04. About 251,720 shares traded. Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) has declined 41.90% since March 16, 2017 and is downtrending. It has underperformed by 58.60% the S&P500.

Analysts await Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) to report earnings on March, 22. They expect $0.26 EPS, up 4.00 % or $0.01 from last year’s $0.25 per share. SPWH’s profit will be $11.07 million for 3.88 P/E if the $0.26 EPS becomes a reality. After $0.23 actual EPS reported by Sportsman's Warehouse Holdings, Inc. for the previous quarter, Wall Street now forecasts 13.04 % EPS growth.

SportsmanÂ’s Warehouse Holdings, Inc., together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. The company has market cap of $172.02 million. 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. It has a 7.65 P/E ratio. The firm also provides fishing products comprising bait, electronics, fishing rods, flotation items, fly fishing products, lines, lures, reels, tackles, and small boats; and foot wear products consisting of hiking and work boots, socks, sport sandals, technical footwear, trial and casual shoes, and waders.

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