Sportsman’s Warehouse (NASDAQ:SPWH) Upgraded at Craig Hallum

Craig Hallum upgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has $3.00 target price on the stock.

Separately, B. Riley upgraded shares of Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and upped their price target for the company from $2.00 to $4.00 in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sportsman’s Warehouse presently has a consensus rating of “Moderate Buy” and a consensus price target of $2.80.

Sportsman’s Warehouse Stock Performance

NASDAQ:SPWH opened at $1.33 on Wednesday. Sportsman’s Warehouse has a 1 year low of $0.92 and a 1 year high of $4.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. The business has a fifty day simple moving average of $1.49 and a two-hundred day simple moving average of $2.15. The company has a market capitalization of $50.48 million, a P/E ratio of -1.51 and a beta of 0.75.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings data on Tuesday, April 1st. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.12. The business had revenue of $340.40 million for the quarter, compared to analysts’ expectations of $328.67 million. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. On average, analysts expect that Sportsman’s Warehouse will post -0.65 earnings per share for the current year.

Hedge Funds Weigh In On Sportsman’s Warehouse

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPWH. FMR LLC lifted its position in Sportsman’s Warehouse by 3.3% during the third quarter. FMR LLC now owns 5,441,705 shares of the company’s stock valued at $14,747,000 after purchasing an additional 174,858 shares during the last quarter. Portolan Capital Management LLC bought a new position in shares of Sportsman’s Warehouse in the 3rd quarter worth $2,565,000. Jane Street Group LLC raised its position in shares of Sportsman’s Warehouse by 16.6% during the 3rd quarter. Jane Street Group LLC now owns 225,473 shares of the company’s stock valued at $611,000 after buying an additional 32,073 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Sportsman’s Warehouse during the 3rd quarter worth $107,000. Finally, Barclays PLC grew its position in Sportsman’s Warehouse by 25,025.0% in the third quarter. Barclays PLC now owns 38,190 shares of the company’s stock worth $103,000 after acquiring an additional 38,038 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.