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

Shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) have been given an average rating of "Moderate Buy" by the six ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $3.00.

A number of research firms have recently weighed in on SPWH. B. Riley reaffirmed a "buy" rating and set a $4.00 price target (up previously from $3.00) on shares of Sportsman's Warehouse in a report on Wednesday, June 4th. Roth Capital restated a "buy" rating and issued a $3.00 target price (up from $2.50) on shares of Sportsman's Warehouse in a research report on Wednesday, June 4th. Roth Mkm cut their target price on Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, Craig Hallum raised Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price target for the company in a research note on Wednesday, April 2nd.

Insider Activity

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

Hedge Funds Weigh In On Sportsman's Warehouse

Several hedge funds have recently modified their holdings of the company. Portolan Capital Management LLC lifted its holdings in shares of Sportsman's Warehouse by 146.7% in the fourth quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company's stock valued at $6,232,000 after buying an additional 1,387,935 shares during the period. Solas Capital Management LLC raised its position in Sportsman's Warehouse by 67.3% in the first quarter. Solas Capital Management LLC now owns 1,852,091 shares of the company's stock worth $1,841,000 after acquiring an additional 744,954 shares in the last quarter. Union Square Park Capital Management LLC lifted its holdings in Sportsman's Warehouse by 15.0% in the 4th quarter. Union Square Park Capital Management LLC now owns 1,681,456 shares of the company's stock valued at $4,489,000 after acquiring an additional 219,210 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Sportsman's Warehouse by 365.9% during 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 in the last quarter. Finally, Gabelli Funds LLC raised its holdings in shares of Sportsman's Warehouse by 0.9% in the 1st quarter. Gabelli Funds LLC now owns 1,026,417 shares of the company's stock worth $1,020,000 after purchasing an additional 9,000 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Sportsman's Warehouse Stock Performance

Shares of NASDAQ:SPWH traded down $0.08 on Monday, reaching $3.70. 1,111,789 shares of the company's stock were exchanged, compared to its average volume of 1,048,958. The business's 50-day moving average is $2.21 and its two-hundred day moving average is $1.98. The company has a quick ratio of 0.08, a current ratio of 1.17 and a debt-to-equity ratio of 0.11. Sportsman's Warehouse has a fifty-two week low of $0.92 and a fifty-two week high of $4.33. The firm has a market capitalization of $141.78 million, a price-to-earnings ratio of -3.85 and a beta of 0.45.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last posted 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. Sportsman's Warehouse had a negative return on equity of 7.65% and a negative net margin of 3.01%. The company had revenue of $249.10 million during the quarter, compared to analyst estimates of $238.25 million. During the same period in the prior year, the company earned ($0.47) earnings per share. As a group, equities research analysts forecast that Sportsman's Warehouse will post -0.65 EPS for the current year.

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.