Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives $2.94 Average Price Target from Brokerages

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have received a consensus rating of “Hold” from the four ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $2.5833.

A number of research firms recently commented on SPWH. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a report on Wednesday, May 27th. Wall Street Zen upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday.

Institutional Investors Weigh In On Sportsman’s Warehouse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new stake in Sportsman’s Warehouse during the 4th quarter valued at $41,000. SBI Securities Co. Ltd. raised its holdings in Sportsman’s Warehouse by 158,500.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 31,720 shares of the company’s stock worth $46,000 after purchasing an additional 31,700 shares in the last quarter. Prudential Financial Inc. bought a new position in Sportsman’s Warehouse in the 2nd quarter worth $56,000. Centiva Capital LP bought a new position in Sportsman’s Warehouse in the 3rd quarter worth $63,000. Finally, Teton Advisors LLC raised its holdings in Sportsman’s Warehouse by 14.3% in the 1st quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock worth $113,000 after purchasing an additional 10,000 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Sportsman’s Warehouse Price Performance

SPWH stock opened at $1.27 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 0.07. Sportsman’s Warehouse has a one year low of $1.08 and a one year high of $4.33. The stock has a market cap of $49.56 million, a PE ratio of -0.98 and a beta of 0.41. The firm has a 50 day simple moving average of $1.39 and a two-hundred day simple moving average of $1.45.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings results on Tuesday, June 2nd. The company reported ($0.39) EPS for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.19. Sportsman’s Warehouse had a negative net margin of 4.17% and a negative return on equity of 10.68%. The business had revenue of $256.08 million during the quarter, compared to analysts’ expectations of $252.30 million. During the same quarter in the previous year, the company earned ($0.56) EPS. On average, analysts predict that Sportsman’s Warehouse will post -0.34 EPS for the current fiscal year.

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.