Brokerages Set Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Price Target at $3.00

Shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) have received a consensus rating of "Moderate Buy" from the six ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $3.00.

A number of brokerages recently weighed in on SPWH. Roth Mkm reduced their target price on Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. B. Riley reiterated a "buy" rating and issued a $4.00 target price (up previously from $3.00) on shares of Sportsman's Warehouse in a report on Wednesday, June 4th. Craig Hallum upgraded Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 target price on the stock in a report on Wednesday, April 2nd. Finally, Roth Capital reiterated a "buy" rating and issued a $3.00 target price (up previously from $2.50) on shares of Sportsman's Warehouse in a report on Wednesday, June 4th.

Insider Activity

In other Sportsman's Warehouse news, Director Richard D. Mcbee bought 75,000 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were acquired at an average cost of $2.68 per share, with a total value of $201,000.00. Following the completion of the transaction, the director owned 339,886 shares in the company, valued at $910,894.48. The trade was a 28.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.70% of the company's stock.

Hedge Funds Weigh In On Sportsman's Warehouse

Several large investors have recently added to or reduced their stakes in SPWH. Portolan Capital Management LLC raised its holdings in shares of Sportsman's Warehouse by 146.7% during the fourth quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company's stock worth $6,232,000 after purchasing an additional 1,387,935 shares during the period. Marshall Wace LLP grew 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 buying an additional 945,438 shares during the last quarter. Solas Capital Management LLC grew its position in shares of Sportsman's Warehouse by 67.3% during the 1st quarter. Solas Capital Management LLC now owns 1,852,091 shares of the company's stock valued at $1,841,000 after buying an additional 744,954 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Sportsman's Warehouse during the 1st quarter valued at about $715,000. Finally, GSA Capital Partners LLP grew its position in shares of Sportsman's Warehouse by 153.2% during the 1st quarter. GSA Capital Partners LLP now owns 952,178 shares of the company's stock valued at $947,000 after buying an additional 576,098 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Sportsman's Warehouse Trading Down 8.5%

Shares of SPWH stock traded down $0.32 during mid-day trading on Friday, hitting $3.43. 345,003 shares of the company's stock were exchanged, compared to its average volume of 1,039,212. Sportsman's Warehouse has a fifty-two week low of $0.92 and a fifty-two week high of $4.33. The stock has a 50-day simple moving average of $2.78 and a two-hundred day simple moving average of $2.09. The company has a quick ratio of 0.08, a current ratio of 1.17 and a debt-to-equity ratio of 0.11. The stock has a market cap of $131.44 million, a price-to-earnings ratio of -3.57 and a beta of 0.67.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.41) earnings per share (EPS) for the quarter, topping 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 business had revenue of $249.10 million for the quarter, compared to analysts' expectations of $238.25 million. During the same quarter last year, the firm earned ($0.47) earnings per share. Equities analysts expect that Sportsman's Warehouse will post -0.65 EPS for the current fiscal 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.