Roth Capital analyst Matt Koranda raised the firm’s price target on Sportsman’s Warehouse (SPWH) to $3 from $2.50 and keeps a Buy rating on the shares. The company delivered a nice Q1 earnings beat while reiterating its FY25 guidance, with the quarter also highlighted by a return to positive comps – its first in four years – double-digit NICS outperformance on a unit basis, and improving operating margins, the analyst tells investors in a research note.
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Read More on SPWH:
- Sportsman’s Warehouse Reports Positive Q1 Sales Growth
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- Sportsman’s Warehouse reports Q1 adjusted EPS (41c), consensus (47c)
- Sportsman’s Warehouse backs FY25 revenue view down 1% to up 3.5%