Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $3.20.

A number of analysts have recently commented on SPWH shares. Craig Hallum reduced their target price on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Robert W. Baird decreased their price objective on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Lake Street Capital dropped their target price on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. StockNews.com upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, November 30th. Finally, Roth Mkm dropped their price objective on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a research note on Tuesday, September 10th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SPWH. Ground Swell Capital LLC bought a new position in Sportsman’s Warehouse during the third quarter worth $28,000. Point72 DIFC Ltd bought a new stake in shares of Sportsman’s Warehouse during the 2nd quarter worth about $40,000. Abacus Planning Group Inc. acquired a new position in Sportsman’s Warehouse in the 3rd quarter valued at about $55,000. Barclays PLC raised its holdings in Sportsman’s Warehouse by 25,025.0% in the 3rd quarter. Barclays PLC now owns 38,190 shares of the company’s stock valued at $103,000 after acquiring an additional 38,038 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Sportsman’s Warehouse during the third quarter worth approximately $107,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Sportsman’s Warehouse Stock Down 0.4 %

Shares of Sportsman’s Warehouse stock opened at $2.65 on Friday. Sportsman’s Warehouse has a 52-week low of $1.81 and a 52-week high of $4.62. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 1.20. The business’s 50 day simple moving average is $2.40 and its 200 day simple moving average is $2.44. The firm has a market cap of $100.59 million, a PE ratio of -3.01 and a beta of 0.59.

Sportsman’s Warehouse Company Profile

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.