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

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $2.95.

A number of equities analysts recently issued reports on the company. Robert W. Baird dropped their price objective on Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Wall Street Zen upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Roth Mkm decreased their target price on Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating for the company in a research report on Friday, December 5th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research note on Monday, December 29th.

Sportsman’s Warehouse Stock Down 2.2%

Shares of NASDAQ:SPWH opened at $1.36 on Wednesday. The firm has a market capitalization of $52.33 million, a PE ratio of -1.40 and a beta of 0.60. The business has a 50 day simple moving average of $1.34 and a two-hundred day simple moving average of $1.98. Sportsman’s Warehouse has a 1 year low of $0.92 and a 1 year high of $4.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 0.06.

Institutional Investors Weigh In On Sportsman’s Warehouse

Several large investors have recently added to or reduced their stakes in SPWH. Dynamic Technology Lab Private Ltd bought a new position in Sportsman’s Warehouse in the 4th quarter worth about $41,000. SBI Securities Co. Ltd. raised its stake in shares of Sportsman’s Warehouse by 158,500.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 31,720 shares of the company’s stock valued at $46,000 after acquiring an additional 31,700 shares in the last quarter. Prudential Financial Inc. bought a new stake in shares of Sportsman’s Warehouse during the second quarter valued at approximately $56,000. Centiva Capital LP purchased a new stake in shares of Sportsman’s Warehouse in the third quarter valued at approximately $63,000. Finally, Greenwood Gearhart Inc. boosted its holdings in shares of Sportsman’s Warehouse by 47.9% in the fourth quarter. Greenwood Gearhart Inc. now owns 82,682 shares of the company’s stock valued at $121,000 after purchasing an additional 26,785 shares during the period. 83.04% of the stock is owned by hedge funds and other 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.