D.A. Davidson Expects In-line Quarter And Healthy Earnings Growth Outlook For Sportsman's Warehouse

In a report published Tuesday, D.A. Davidson analyst Andrew Burns reiterated a Buy rating and $13.00 price target on Sportsman's Warehouse Holdings, Inc. SPWH. In the report, D.A. Davidson noted, "Our estimates for comps, revenue, and EPS are -4.0%, $188.5 million and $0.21, compared to consensus at -4.6%, $187.8 million and $0.21, respectively. 4Q guidance calls for a 3%-6% comp decline, revenue of $185-$190 million, and diluted EPS of $0.20-$0.22. Our estimate contemplates 7.3% year-over-year (y/y) revenue growth, gross margin of 33.4% (up 103bp y/y), and SG&A of $44.4 million resulting in an operating margin of 9.9% (+24bp y/y). We view our estimates as attainable." Sportsman's Warehouse closed on Monday at $8.10.