Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Stock Has Consensus Price Target of $2.28 According to Brokerages

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has been given an average recommendation of “Hold” by the five analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $2.28.

A number of research analysts have recently commented on the stock. Weiss Ratings cut shares of Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 30th. LADENBURG THALM/SH SH assumed coverage on shares of Sportsman’s Warehouse in a report on Tuesday, November 3rd. They set a “buy” rating and a $2.60 price objective for the company. Finally, Zacks Research cut shares of Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th.

Hedge Funds Weigh In On Sportsman’s Warehouse

A number of hedge funds and other institutional investors have recently modified their holdings of the business. R Squared Ltd lifted its position in shares of Sportsman’s Warehouse by 239.5% during the third quarter. R Squared Ltd now owns 55,031 shares of the company’s stock valued at $62,000 after buying an additional 38,822 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Sportsman’s Warehouse in the 2nd quarter valued at about $28,000. Two Sigma Securities LLC purchased a new position in shares of Sportsman’s Warehouse in the 2nd quarter worth approximately $25,000. JB Capital Partners LP purchased a new position in shares of Sportsman’s Warehouse in the 2nd quarter worth approximately $2,275,356. Finally, 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. 83.04% of the stock is currently owned by institutional investors.

Sportsman’s Warehouse Trading Up 4.6%

SPWH opened at $1.14 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.07 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $1.14 and a 200 day moving average of $1.26. Sportsman’s Warehouse has a 12 month low of $1.03 and a 12 month high of $2.56.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its earnings results on Tuesday, September 1st. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. The firm had revenue of $295.58 million for the quarter, compared to analysts’ expectations 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, sell-side analysts expect that Sportsman’s Warehouse will post -0.31 earnings per share for the current fiscal year.

About Sportsman’s Warehouse

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.