Sportsmans Warehouse (SPWH) PT Cut To $6 At DA Davidson But Omnichannel Is Beginning To Contribute

DA Davidson analyst, Michael Kawamoto, reiterated his Buy on Sportsman's Warehouse (NASDAQ: SPWH) and cut his price target to $6.00 (from $7.00) after the company posted 3.1% comp store sales and started seeing its Omnichannel initiatives pay off.

The analyst stated "While investments in personnel will drag on EPS this year, we continue to believe they are making the right decisions for long-term success. As the firearms environment continues to improve throughout the year, debt is paid down, and the benefits of omni-channel initiatives are realized, we believe the stock can move higher".

For an analyst ratings summary and ratings history on Sportsman's Warehouse click here. For more ratings news on Sportsman's Warehouse click here.

Shares of Sportsman's Warehouse closed at $4.91 yesterday.

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