Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives $3.00 Consensus Target Price from Brokerages

Shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $3.00.

SPWH has been the subject of several analyst reports. 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 report on Wednesday, April 2nd. B. Riley restated a "buy" rating and set a $4.00 price objective (up previously from $3.00) on shares of Sportsman's Warehouse in a report on Wednesday, June 4th. Roth Mkm cut their target price on shares of Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Roth Capital reiterated a "buy" rating and set a $3.00 target price (up from $2.50) on shares of Sportsman's Warehouse in a report on Wednesday, June 4th.

Sportsman's Warehouse Price Performance

SPWH traded down $0.35 during midday trading on Monday, hitting $3.81. The company had a trading volume of 1,464,452 shares, compared to its average volume of 1,042,355. Sportsman's Warehouse has a twelve month low of $0.92 and a twelve month high of $4.33. The firm's 50-day simple moving average is $2.03 and its 200-day simple moving average is $1.93. The company has a market capitalization of $145.99 million, a PE ratio of -4.33 and a beta of 0.45. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.06 and a current ratio of 1.20.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.07. The company had revenue of $249.10 million during the quarter, compared to analysts' expectations of $238.25 million. Sportsman's Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. During the same period last year, the firm earned ($0.47) EPS. Equities research analysts predict that Sportsman's Warehouse will post -0.65 EPS for the current fiscal year.

Insider Buying and Selling at Sportsman's Warehouse

In other Sportsman's Warehouse news, Director Richard D. Mcbee bought 75,000 shares of Sportsman's Warehouse stock in a transaction on Thursday, June 5th. The shares were purchased at an average cost of $2.68 per share, with a total value of $201,000.00. Following the acquisition, the director now directly owns 339,886 shares of the company's stock, valued at $910,894.48. The trade was a 28.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SPWH. Empowered Funds LLC raised its holdings in shares of Sportsman's Warehouse by 5.2% during the fourth quarter. Empowered Funds LLC now owns 126,683 shares of the company's stock valued at $338,000 after purchasing an additional 6,225 shares during the period. Skylands Capital LLC increased its position in shares of Sportsman's Warehouse by 39.8% during the fourth quarter. Skylands Capital LLC now owns 267,450 shares of the company's stock worth $714,000 after acquiring an additional 76,100 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Sportsman's Warehouse in the 4th quarter worth about $806,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Sportsman's Warehouse by 302.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 248,541 shares of the company's stock valued at $664,000 after acquiring an additional 186,723 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Sportsman's Warehouse by 88.7% during the 4th quarter. American Century Companies Inc. now owns 270,130 shares of the company's stock valued at $721,000 after purchasing an additional 126,995 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

About Sportsman's Warehouse

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.