Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives $2.80 Consensus Target Price from Brokerages

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) has been given an average recommendation of "Buy" by the six ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $2.80.

SPWH has been the subject of a number of research reports. B. Riley restated a "buy" rating and issued a $3.00 target price (down from $4.00) on shares of Sportsman's Warehouse in a research note on Wednesday, April 2nd. Roth Mkm lowered their target price on Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Craig Hallum upgraded Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 target price for the company in a research note on Wednesday, April 2nd.

Sportsman's Warehouse Stock Performance

Shares of SPWH traded down $0.01 during mid-day trading on Thursday, hitting $1.99. The company's stock had a trading volume of 216,172 shares, compared to its average volume of 992,381. Sportsman's Warehouse has a one year low of $0.92 and a one year high of $4.44. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.06 and a current ratio of 1.20. The firm has a market capitalization of $76.19 million, a PE ratio of -2.26 and a beta of 0.55. The stock's 50-day moving average is $1.61 and its two-hundred day moving average is $1.87.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced its earnings results on Tuesday, April 1st. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.12. Sportsman's Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. The company had revenue of $340.40 million during the quarter, compared to analyst estimates of $328.67 million. As a group, sell-side analysts anticipate that Sportsman's Warehouse will post -0.65 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Portolan Capital Management LLC boosted its stake in Sportsman's Warehouse by 146.7% in the 4th quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company's stock valued at $6,232,000 after purchasing an additional 1,387,935 shares during the period. Marshall Wace LLP boosted its stake in Sportsman's Warehouse by 365.9% in the 4th quarter. Marshall Wace LLP now owns 1,203,805 shares of the company's stock valued at $3,214,000 after purchasing an additional 945,438 shares during the period. Solas Capital Management LLC boosted its stake in Sportsman's Warehouse by 67.3% in the 1st quarter. Solas Capital Management LLC now owns 1,852,091 shares of the company's stock valued at $1,841,000 after purchasing an additional 744,954 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in Sportsman's Warehouse in the 1st quarter valued at $715,000. Finally, GSA Capital Partners LLP boosted its stake in Sportsman's Warehouse by 153.2% in the 1st quarter. GSA Capital Partners LLP now owns 952,178 shares of the company's stock valued at $947,000 after purchasing an additional 576,098 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Sportsman's Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.