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

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $2.8750.

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Sportsman’s Warehouse in a report on Monday. Roth Capital reduced their target price on shares of Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating for the company in a research note on Friday, December 5th. Wall Street Zen downgraded Sportsman’s Warehouse from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. Robert W. Baird lowered their price target on Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Finally, Lake Street Capital raised their price objective on Sportsman’s Warehouse from $3.00 to $3.50 and gave the stock a “buy” rating in a research report on Friday, September 5th.

Sportsman’s Warehouse Price Performance

NASDAQ SPWH opened at $1.46 on Friday. The stock has a 50-day simple moving average of $1.92 and a 200 day simple moving average of $2.73. Sportsman’s Warehouse has a twelve month low of $0.92 and a twelve month high of $4.33. The stock has a market capitalization of $56.18 million, a PE ratio of -1.51 and a beta of 0.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.06 and a current ratio of 1.20.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results on Thursday, December 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Sportsman’s Warehouse had a negative return on equity of 7.20% and a negative net margin of 3.05%.The business had revenue of $331.32 million during the quarter, compared to the consensus estimate of $331.11 million. Research analysts anticipate that Sportsman’s Warehouse will post -0.65 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC bought a new stake in Sportsman’s Warehouse in the 2nd quarter valued at $45,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sportsman’s Warehouse during the 2nd quarter valued at about $53,000. Prudential Financial Inc. bought a new stake in Sportsman’s Warehouse in the second quarter valued at about $56,000. Stratos Wealth Partners LTD. increased its stake in Sportsman’s Warehouse by 50.0% in the second quarter. Stratos Wealth Partners LTD. now owns 18,000 shares of the company’s stock valued at $62,000 after acquiring an additional 6,000 shares during the period. Finally, Centiva Capital LP acquired a new position in Sportsman’s Warehouse in the third quarter worth about $63,000. 83.04% of the stock is owned by institutional investors.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.