B. Riley Lowers Sportsman's Warehouse (NASDAQ:SPWH) Price Target to $4.00

Sportsman's Warehouse (NASDAQ:SPWH - Free Report) had its target price lowered by B. Riley from $4.50 to $4.00 in a research report report published on Thursday, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other brokerages have also weighed in on SPWH. StockNews.com raised Sportsman's Warehouse to a sell rating in a research note on Thursday, January 11th. Robert W. Baird cut their target price on Sportsman's Warehouse from $5.00 to $4.00 and set a neutral rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Sportsman's Warehouse has a consensus rating of Hold and an average target price of $7.25.

Sportsman's Warehouse Trading Up 21.1 %

Shares of Sportsman's Warehouse stock traded up $0.66 during trading hours on Thursday, reaching $3.79. 2,639,987 shares of the company's stock were exchanged, compared to its average volume of 431,467. Sportsman's Warehouse has a 52-week low of $2.74 and a 52-week high of $8.85. The firm has a market capitalization of $141.78 million, a price-to-earnings ratio of -14.88 and a beta of 0.76. The company has a fifty day moving average of $3.51 and a 200-day moving average of $4.18.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 3rd. The company reported ($0.20) earnings per share for the quarter, topping analysts' consensus estimates of ($0.30) by $0.10. Sportsman's Warehouse had a negative return on equity of 1.41% and a negative net margin of 0.71%. The company had revenue of $370.39 million for the quarter, compared to analyst estimates of $373.61 million. During the same quarter in the prior year, the company posted $0.33 EPS. The business's revenue for the quarter was down 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that Sportsman's Warehouse will post -0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its position in Sportsman's Warehouse by 2,861.4% in the third quarter. FMR LLC now owns 4,759,128 shares of the company's stock valued at $21,368,000 after purchasing an additional 4,598,421 shares during the period. Cannell Capital LLC raised its position in Sportsman's Warehouse by 0.7% in the third quarter. Cannell Capital LLC now owns 3,715,808 shares of the company's stock valued at $16,684,000 after purchasing an additional 26,436 shares during the period. Dimensional Fund Advisors LP raised its position in Sportsman's Warehouse by 12.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,616,675 shares of the company's stock valued at $22,189,000 after purchasing an additional 284,532 shares during the period. Vanguard Group Inc. raised its position in Sportsman's Warehouse by 7.0% in the third quarter. Vanguard Group Inc. now owns 2,328,871 shares of the company's stock valued at $19,330,000 after purchasing an additional 151,689 shares during the period. Finally, Stephens Investment Management Group LLC raised its position in Sportsman's Warehouse by 16.3% in the second quarter. Stephens Investment Management Group LLC now owns 1,315,898 shares of the company's stock valued at $7,501,000 after purchasing an additional 184,444 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

About Sportsman's Warehouse

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.