2020-11-05 07:20:30 SPWH Sportsman's Warehouse
11/05/20 11/0507:20 11/05/2007:20 | William Blair recommends adding to Sportsman's Warehouse shares on pullbackWilliam Blair analyst Daniel Hofkin expects Sportsman's Warehouse results to remain much better than many other consumer categories in the near term, helped by a store base that is primarily located away from densely populated areas, a set of targeted activities that lend themselves easily to social distancing, and increased social/political instability. The analyst, who made no change to his Outperform rating, recommends adding to positions on the current pullback which he feels is related to the political backdrop. The analyst's research suggests that the substantial likelihood of Republicans retaining control of the Senate may have taken some further steam out of Sportsman's shares, given what he sees as an expectation of a "blue wave" in the Senate and increased firearms/ammo regulation to go with that. |
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