B.Riley Financial Remains a Buy on Sportsman’s Warehouse (SPWH)

In a report released today, Eric Wold from B.Riley Financial reiterated a Buy rating on Sportsman’s Warehouse (SPWHResearch Report), with a price target of $14.00. The company’s shares closed last Friday at $9.85, close to its 52-week low of $8.46.

According to TipRanks.com, Wold is a 3-star analyst with an average return of 0.5% and a 39.3% success rate. Wold covers the Services sector, focusing on stocks such as Chicken Soup For The Soul Entertainment, National Cinemedia, and Cinemark Holdings.

Sportsman’s Warehouse has an analyst consensus of Moderate Buy, with a price target consensus of $12.50.

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Based on Sportsman’s Warehouse’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $310 million and net profit of $2 million. In comparison, last year the company earned revenue of $327 million and had a net profit of $10.45 million.

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Sportsman’s Warehouse Holdings, Inc. engages in the retail of sporting and athletic goods through its wholly owned subsidiaries, Sportsman’s Warehouse, Inc., and Minnesota Merchandising Corp. Its products include hunting and shooting; archery; fishing; camping; boating accessories; optics and electronics; knives and tools; and footwear. The company was founded in 1986 and is headquartered in Midvale, UT.

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