What happened Shares of Sportsman's Warehouse (NASDAQ: SPWH) ran higher today, up by 14% as of 2:45 p.m. EDT, after getting an upgrade from Wall Street. Piper Sandler increased its price target on the stock from $16 to $18 and reiterated an overweight rating. So what Analyst Peter Keith believes that the sporting goods retailer enjoyed "remarkably strong" sales in the second quarter. That momentum likely continued, potentially even accelerating, throughout the summer. Sportsman's Warehouse has been capitalizing on robust demand for firearms and ammunition, a category that some competing retailers like Dick's Sporting Goods have exited. Image source: Getty Images. Demand for outdoor recreation has been broadly resilient during the COVID-19 pandemic, as people can remain socially distanced in that setting. Now what Sportsman's Warehouse reports fiscal second-quarter results tomorrow after the close. The company did not provide an outlook due to ongoing uncertainty related to the coronavirus outbreak, but consensus estimates call for revenue of $286 million and earnings per share of $0.29. CEO Jon Barker previously suggested that political factors could help drive gun sales. CFO Robert Julian also added that the higher mix of firearms sales would pressure gross margin. "In the near term, we view the upcoming election cycle as a potential catalyst for our business," Barker said on the earnings call in June. "Furthermore, we believe COVID-19 is changing consumer behavior and motivating people to spend more time outdoors." 10 stocks we like better than Sportsman's Warehouse HoldingsWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Sportsman's Warehouse Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 1, 2020 Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source