Baird Issues a Downgrade on Sportsman’s Warehouse (NASDAQ:SPWH) Shares. What’s Next?

March 16, 2018 - By Stephen Andrade

 Baird Issues a Downgrade on Sportsman's Warehouse (NASDAQ:SPWH) Shares. What’s Next?

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

Baird decreased shares of Sportsman’s Warehouse (NASDAQ:SPWH) stock from a Outperform rating to a Neutral rating in an analyst report issued to investors and clients on Thursday morning.

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. The firm earned “Buy” rating on Friday, August 28 by M Partners. The stock of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) earned “Neutral” rating by PiperJaffray on Friday, March 24. The rating was maintained by Credit Suisse with “Buy” on Thursday, June 29. Sterne Agee CRT maintained it with “Buy” rating and $14 target in Sunday, August 30 report. The company was maintained on Saturday, August 26 by Forward View Consulting. Goldman Sachs downgraded the shares of SPWH in report on Monday, March 27 to “Neutral” rating. The firm has “Buy” rating given on Tuesday, January 2 by Robert W. Baird. The stock of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) has “Buy” rating given on Friday, November 17 by DA Davidson. The firm earned “Buy” rating on Thursday, November 16 by Robert W. Baird. Robert W. Baird maintained the shares of SPWH in report on Thursday, March 8 with “Buy” rating.

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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