Sportsman’s Warehouse (NASDAQ:SPWH) Coverage Initiated by Analysts at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH assumed coverage on shares of Sportsman’s Warehouse (NASDAQ:SPWH) in a research report issued on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $2.60 price target on the stock. LADENBURG THALM/SH SH‘s price objective indicates a potential upside of 138.53% from the company’s previous close.

Several other research analysts have also recently issued reports on SPWH. Weiss Ratings cut shares of Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday. Zacks Research lowered shares of Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.28.

Sportsman’s Warehouse Stock Up 2.8%

Shares of SPWH stock opened at $1.09 on Tuesday. Sportsman’s Warehouse has a twelve month low of $1.03 and a twelve month high of $2.56. The stock has a fifty day simple moving average of $1.14 and a two-hundred day simple moving average of $1.27. The company has a current ratio of 1.17, a quick ratio of 0.07 and a debt-to-equity ratio of 0.27.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings results on Tuesday, September 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The business had revenue of $295.58 million for the quarter, compared to the consensus estimate of $295.05 million. Sportsman’s Warehouse had a negative return on equity of 10.50% and a negative net margin of 3.94%. On average, research analysts expect that Sportsman’s Warehouse will post -0.31 EPS for the current year.

Hedge Funds Weigh In On Sportsman’s Warehouse

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teton Advisors LLC grew its position in shares of 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 buying an additional 10,000 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Sportsman’s Warehouse by 5.6% during the 1st quarter. Empowered Funds LLC now owns 203,195 shares of the company’s stock worth $287,000 after acquiring an additional 10,837 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in Sportsman’s Warehouse by 1.6% during the first quarter. Gamco Investors INC. ET AL now owns 712,500 shares of the company’s stock valued at $1,005,000 after acquiring an additional 11,000 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in Sportsman’s Warehouse during the second quarter valued at approximately $25,000. Finally, Gabelli Funds LLC lifted its position in Sportsman’s Warehouse by 1.6% during the first quarter. Gabelli Funds LLC now owns 1,199,501 shares of the company’s stock valued at $1,691,000 after acquiring an additional 18,850 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse Holdings, Inc (NASDAQ:SPWH) operates a specialty outdoor sporting goods retailer serving hunting, shooting, fishing, camping, hiking and other outdoor recreation markets. The company sells products through its retail stores and e-commerce platform, offering merchandise for outdoor enthusiasts as well as equipment and supplies for recreational and competitive sportsmen and women.

Its product assortment generally includes firearms, ammunition, archery equipment, fishing tackle, camping gear, outdoor apparel, footwear, optics, knives and related accessories.