Credit Suisse Trims 2015 Estimates For Sportsman's Warehouse

In a report published Thursday, Credit Suisse analyst Seth Sigman reiterated an Outperform rating and $11.00 price target on

. In the report, Credit Suisse noted, "SPWH navigated difficult weather and a promotional environment in Q4, delivering relatively in-line results and providing respectable guidance for 2015. That guidance, while just shy of the Street, points to healthy 11-25% EPS growth,and seems to be backed by early signs that the firearms/ammo business is recovering from a demand and pricing perspective, progress with the numerous store initiatives such as their apparel resets which are driving an improving mix, and additional signals that the SPWH new store model is working and is well positioned to navigate the acceleration in store growth expected across this sector. We continue to view SPWH as one of our most interesting small cap ideas for 2015, based on the recovery opportunity this year, the compelling long term store growth roadmap, and low valuation." Sportsman's Warehouse closed on Wednesday at $7.97.