B. Riley upgraded Sportsman’s Warehouse (SPWH) to Buy from Neutral with a price target of $4, up from $2. The company’s quarter showed meaningful sequential improvement in comps and gross margin increasing, and Sportsman’s is “dipping their toes back in unit expansion,” the analyst tells investors in a research note. The firm is encouraged by the strategic refinement catalyzed by the new CEO and key hires and says the quarter “gives us the green light we need to more confidently step into this early-innings turnaround story.”
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPWH:
- Sportsman’s Warehouse Reports Q3 2024 Financial Results
- Closing Bell Movers: Dave & Busters down 11% after Q3 miss
- Sportsman’s Warehouse sees FY24 revenue $1.18B -$1.20B, consensus $1.15B
- Sportsman’s Warehouse reports Q3 EPS 4c, consensus (2c)
- Options Volatility and Implied Earnings Moves Today, December 10, 2024