#5 - Sportsman’s Warehouse (NASDAQ:SPWH)
There are many ways to play gun stocks. One way is to invest in companies that specialize in selling guns (i.e. gun stores). That’s what you have in Sportsman’s Warehouse (NASDAQ:SPWH). To be clear, Sportsman’s Warehouse sells more than just guns, but it does sell guns. In an environment where retail stores may be slower to open, and when they do may have to limit traffic for social distancing purposes, this may not be a great short-term play. However, considering that many Americans are anxious to get a boat in the water or to start swinging the clubs, it’s not hard to imagine that these stores may get some traffic.
While SPWH stock is down for the year, it’s moved sharply higher in the last month. This is happening despite the fact that many states have issued strict sheltering in place policies that are forcing the closure of some Sportsman’s Warehouse locations.
The stock has been reviewed by five analysts in the last 12 months. The stock has a consensus buy rating and a price target of over $9 per share which represents a gain of nearly 40% from the stock’s current levels.
About Sportsman's Warehouse
Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.
Read More - Current Price
- $2.29
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 4 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $3.20 (39.7% Upside)
