Sportsman’s Warehouse Receives a Buy from Credit Suisse

By Austin Angelo

Credit Suisse analyst Seth Sigman reiterated a Buy rating on Sportsman’s Warehouse (NASDAQ: SPWH) today and set a price target of $16. The company’s shares opened today at $9.

According to, Sigman is a 2-star analyst with an average return of 0.1% and a 47.9% success rate. Sigman covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, Dick’s Sporting Goods, and Container Store Group.

Currently, the analyst consensus on Sportsman’s Warehouse is Moderate Buy and the average price target is $14, representing a 55.6% upside.

In a report issued on November 15, D.A. Davidson also reiterated a Buy rating on the stock with a $15 price target.

Sportsman’s Warehouse’s market cap is currently $347.3M and has a P/E ratio of 11.58. The company has a book value ratio of 48.6074.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SPWH in relation to earlier this year. Most recently, in July 2016, Kent Vernon Graham, a Director at SPWH bought 5,000 shares for a total of $44,850.

Sportsman’s Warehouse Holdings, Inc. operates as a holding company, which provides sporting and athletic goods through wholly owned subsidiaries, Sportsman’s Warehouse, Inc., and Minnesota Merchandising Corp. The company was founded in 1986 and is headquartered in Midvale, UT.