B. Riley lowered the firm’s price target on Sportsman’s Warehouse (SPWH) to $3 from $4 and keeps a Buy rating on the shares. The company in Q4 “delivered key milestones of the turnaround,” the analyst tells investors in a research note. The firm says that despite a “still-pressured” consumer and soft category backdrop, Sportsman’s drove positive comps in December and January, lending confidence in the expected comp inflection for fiscal 2025. Nonetheless, the trimmed estimates and applied a more conservative EBITDA multiple on the shares post the earnings report.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPWH:
- Sportsman’s Warehouse price target lowered to $2.50 from $3.50 at Roth MKM
- Craig-Hallum ups Sportsman’s Warehouse to Buy, sees significant upside potential
- Sportsman’s Warehouse upgraded to Buy from Hold at Craig-Hallum
- Sportsman’s Warehouse Reports Improved Margins Amid Challenges
- Closing Bell Movers: nCino down 29% on earnings miss