Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Given Average Recommendation of “Buy” by Brokerages

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have received a consensus rating of “Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $2.80.

Several equities analysts have recently weighed in on the company. Craig Hallum upgraded Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Wednesday, April 2nd. B. Riley restated a “buy” rating and issued a $3.00 price objective (down previously from $4.00) on shares of Sportsman’s Warehouse in a report on Wednesday, April 2nd. Finally, Roth Mkm lowered their target price on shares of Sportsman’s Warehouse from $3.50 to $2.50 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd.

Sportsman’s Warehouse Stock Performance

NASDAQ:SPWH opened at $1.33 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.06 and a current ratio of 1.20. The stock has a market capitalization of $50.48 million, a PE ratio of -1.51 and a beta of 0.75. Sportsman’s Warehouse has a fifty-two week low of $0.92 and a fifty-two week high of $4.44. The company has a fifty day moving average of $1.49 and a two-hundred day moving average of $2.14.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings results on Tuesday, April 1st. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.12. The firm had revenue of $340.40 million during the quarter, compared to the consensus estimate of $328.67 million. Sportsman’s Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. As a group, research analysts forecast that Sportsman’s Warehouse will post -0.65 earnings per share for the current fiscal year.

Institutional Trading of Sportsman’s Warehouse

Several large investors have recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in shares of Sportsman’s Warehouse during the 4th quarter worth $33,000. Balyasny Asset Management L.P. acquired a new stake in Sportsman’s Warehouse during the fourth quarter worth about $33,000. Mink Brook Asset Management LLC purchased a new position in Sportsman’s Warehouse during the fourth quarter worth about $41,000. Greenwood Gearhart Inc. acquired a new position in Sportsman’s Warehouse in the 4th quarter valued at about $85,000. Finally, Barclays PLC grew its stake in shares of 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 buying an additional 38,038 shares during the period. 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.