| Thursday | ||||
Lake Street analyst Mark… Lake Street analyst Mark Smith raised the firm's price target on Sportsman's Warehouse to $13 from $11 and reiterates a Buy rating on the shares. The analyst projects "strong" sales and bottom-line growth when the company reports Q1 results on June, led by "significant" demand for firearms and ammunition. Sportsman's Warehouse has weathered the worst of the COVID-19 crisis adeptly and benefited from the increased demand for core items, Smith tells investors in a pre-earnings research note. The analyst thinks the crisis removed some of the headwinds that were likely to persist throughout 2020. | ||||
| Over a week ago | ||||
Piper Sandler analyst… Piper Sandler analyst Peter Keith raised the firm's price target on Sportsman's Warehouse to $13.50 from $11 and reiterates an Overweight rating on the shares. Channel checks and retailer conversations suggest strength in firearms and ammunition has continued into Q2, with strength broadening to greater outdoor categories as Americans are eager for outdoor activities this spring and summer, Keith tells investors in a research note. Beyond Q2, the analyst likes the setup for Sportsman's Warehouse shares for the remainder of the year "as competitive dynamics remain uniquely favorable." | ||||
| Over a month ago | ||||
Conference call with CEO… Conference call with CEO Barker and CFO Julian will be held on March 27 at 1:30 pm hosted by Lake Street. | ||||
Lake Street analyst Mark… Lake Street analyst Mark Smith raised the firm's price target on Sportsman's Warehouse to $11 from $9 and reiterates a Buy rating on the shares following the company's better than expected Q4 results. The company reported strong Q4 results, driven by new store openings, a strengthened omni-channel strategy, and improving fundamentals in the Shooting Sports industry, Smith tells investors in a research note. Now that headwinds from excess promotional activity and Wal-Mart and Dick's Sporting Goods exiting certain firearms and ammunition categories have passed, Sportsman's is set to continue to take market share and have a strong 2020, adds the analyst. | ||||
Conference call with CEO… Conference call with CEO Barker and CFO Julian will be held on March 27 at 1:30 pm hosted by Lake Street. | ||||
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Reports Q4 revenue… Reports Q4 revenue $258.15M, consensus $251.86M. Same store sales decreased by 4.8% in Q4. "We are pleased with our fourth quarter and fiscal year 2019 results. Despite some competitive challenges in December, we exceeded the high-end of our updated outlook on net sales, and met the high-end of our updated outlook on earnings per share," said Jon Barker, Sportsman's Warehouse CEO. "We made great progress in 2019 executing on our growth initiatives, which included enhancing our omni-channel platform, improving our loyalty program, and broadening our firearms products and services offering. In 2019, we grew to 103 stores through our acquisition of eight Field & Stream stores in October and three additional store openings earlier in the year." | |
Conference call with… Conference call with management will be held on March 27 at 12:30 pm hosted by Lake Street. | |
Sportsman's… Sportsman's Warehouse Holdings, Inc. (SPWH) announced that it has entered into agreements with DICK'S Sporting Goods (DKS) to acquire two Field & Stream locations. The stores in Crescent Springs, Kentucky and Kalamazoo, Michigan will be rebranded as Sportsman's Warehouse. The total purchase price of $5M for inventory and assets will be funded through borrowings under Sportsman's revolving credit facility. Sportsman's will sublease the two locations from DICK'S. The transactions are expected to close in March, subject to customary closing conditions. |
| Over a quarter ago | ||||
Piper Sandler Hosted… Piper Sandler Hosted Events at ICR Conference 2020 will be held in Orlando on January 13-15. | ||||