Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives $3.20 Consensus PT from Analysts

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have received a consensus recommendation of “Buy” from the six analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $2.80.

SPWH has been the subject of a number of recent research reports. B. Riley reaffirmed a “buy” rating and set a $3.00 price target (down from $4.00) on shares of Sportsman’s Warehouse in a research note on Wednesday. Roth Mkm cut their price objective on shares of Sportsman’s Warehouse from $3.50 to $2.50 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Craig Hallum raised shares of Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a research report on Wednesday.

Sportsman’s Warehouse Trading Down 20.8 %

NASDAQ:SPWH opened at $1.33 on Wednesday. The stock has a market cap 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 debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. The stock’s 50-day moving average is $1.49 and its two-hundred day moving average is $2.15.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its earnings results 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. Sportsman’s Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. The company had revenue of $340.40 million during the quarter, compared to analyst estimates of $328.67 million. As a group, equities research analysts forecast that Sportsman’s Warehouse will post -0.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sportsman’s Warehouse

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPWH. Balyasny Asset Management L.P. bought a new position in shares of Sportsman’s Warehouse in the fourth quarter valued at approximately $33,000. R Squared Ltd acquired a new position in Sportsman’s Warehouse in the 4th quarter valued at $33,000. Mink Brook Asset Management LLC bought a new position in Sportsman’s Warehouse in the 4th quarter worth $41,000. Greenwood Gearhart Inc. acquired a new position in Sportsman’s Warehouse during the 4th quarter worth $85,000. Finally, Barclays PLC boosted its holdings in Sportsman’s Warehouse by 25,025.0% during the third 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. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.