Brokerages Set Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Price Target at $2.88

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have received an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $2.8750.

Several research analysts have commented on SPWH shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research note on Monday, December 29th. Roth Capital dropped their price target 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 upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Robert W. Baird reduced their price objective on shares of Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th.

Sportsman’s Warehouse Stock Performance

SPWH opened at $1.47 on Friday. The stock has a 50-day moving average of $1.85 and a 200 day moving average of $2.67. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.21. Sportsman’s Warehouse has a 12 month low of $0.92 and a 12 month high of $4.33. The firm has a market cap of $56.57 million, a P/E ratio of -1.52 and a beta of 0.57.

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

Hedge Funds Weigh In On Sportsman’s Warehouse

A number of large investors have recently bought and sold shares of the business. Union Square Park Capital Management LLC grew its position in Sportsman’s Warehouse by 11.4% in the 3rd quarter. Union Square Park Capital Management LLC now owns 1,782,023 shares of the company’s stock valued at $4,936,000 after acquiring an additional 182,023 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Sportsman’s Warehouse by 2.7% in the third quarter. Vanguard Group Inc. now owns 1,768,481 shares of the company’s stock worth $4,899,000 after purchasing an additional 46,929 shares during the last quarter. JB Capital Partners LP increased its stake in Sportsman’s Warehouse by 6.1% in the 2nd quarter. JB Capital Partners LP now owns 1,710,794 shares of the company’s stock worth $5,902,000 after buying an additional 99,000 shares during the period. Marshall Wace LLP increased its stake in Sportsman’s Warehouse by 23.2% in the 2nd quarter. Marshall Wace LLP now owns 1,361,280 shares of the company’s stock worth $4,696,000 after buying an additional 256,768 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Sportsman’s Warehouse by 12.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,220,990 shares of the company’s stock valued at $3,382,000 after buying an additional 138,213 shares in 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, 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.