Added to YB: 2026-04-20
Pitch date: 2026-04-17
SPWH [neutral]
Sportsman's Warehouse Holdings, Inc.
Author Info
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Company Info
Sportsman's Warehouse Holdings, Inc., together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States.
Market Cap
$61.3M
Pitch Price
N/A
Price Target
2.88 (+82%)
Dividend
N/A
EV/EBITDA
4.26
P/E
-1.21
EV/Sales
0.42
Sector
Specialty Retail
Category
value
Sportsman's Warehouse tracking
SPWH (update): Q3 SSS +2.2% beat est, highest 32.8% gross margin since 2022, but mgmt cut FY26 EBITDA guide to $22M-$26M (was $33M-$45M) on mid-Nov sales decline. Stock -56% peak-to-$1.08 trough on $15M EBITDA cut vs $60M mcap drop = overreaction. Q4 in line, FY SSS +1%. Inventory mgmt strong at $74/SqF vs $76 in 2020 w/ +36% sales. New loyalty program Q1 FY27, closing 5 unprofitable stores. Feb retail sales +11.3% YoY tailwind. 3.7x net debt/EBITDA. Conservative FY27: $28.4M EBITDA, $7M debt paydown = 82% upside to fair value at 6.1x EV/EBITDA.
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