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

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has been assigned an average recommendation of “Hold” from the four ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $2.5833.

A number of equities analysts have issued reports on SPWH shares. Weiss Ratings restated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research report on Wednesday, May 27th. Wall Street Zen upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday.

Sportsman’s Warehouse Stock Down 9.3%

SPWH stock opened at $1.27 on Monday. The company has a market cap of $49.56 million, a P/E ratio of -0.98 and a beta of 0.41. Sportsman’s Warehouse has a 52 week low of $1.08 and a 52 week high of $4.33. The company’s 50-day moving average price is $1.39 and its 200 day moving average price is $1.46. The company has a current ratio of 1.18, a quick ratio of 0.10 and a debt-to-equity ratio of 0.27.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.39) EPS for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.19. The firm had revenue of $256.08 million for the quarter, compared to the consensus estimate of $252.30 million. Sportsman’s Warehouse had a negative net margin of 4.17% and a negative return on equity of 10.68%. During the same quarter in the previous year, the firm earned ($0.56) earnings per share. On average, research analysts expect that Sportsman’s Warehouse will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sportsman’s Warehouse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new position in Sportsman’s Warehouse during the fourth quarter worth about $41,000. SBI Securities Co. Ltd. raised its position in 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 worth $46,000 after acquiring an additional 31,700 shares during the last quarter. Prudential Financial Inc. acquired a new position in Sportsman’s Warehouse during the second quarter worth about $56,000. Centiva Capital LP acquired a new position in shares of Sportsman’s Warehouse in the third quarter valued at approximately $63,000. Finally, Teton Advisors LLC raised its position in shares of Sportsman’s Warehouse by 14.3% in the first quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock valued at $113,000 after buying an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

About Sportsman’s Warehouse

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.