Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives Consensus Rating of "Buy" from Analysts

Shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) have received an average recommendation of "Buy" from the six brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $2.80.

A number of research analysts have issued reports on the company. Roth Mkm cut their price objective on Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Craig Hallum raised shares of Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price target for the company in a report on Wednesday, April 2nd. Finally, B. Riley reaffirmed a "buy" rating and set a $3.00 price objective (down from $4.00) on shares of Sportsman's Warehouse in a research note on Wednesday, April 2nd.

Institutional Investors Weigh In On Sportsman's Warehouse

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPWH. Portolan Capital Management LLC lifted its holdings in Sportsman's Warehouse by 146.7% during the 4th quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company's stock worth $6,232,000 after buying an additional 1,387,935 shares in the last quarter. Union Square Park Capital Management LLC lifted its stake in shares of Sportsman's Warehouse by 15.0% during the fourth 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 period. Marshall Wace LLP boosted its holdings in Sportsman's Warehouse by 365.9% in the fourth quarter. Marshall Wace LLP now owns 1,203,805 shares of the company's stock valued at $3,214,000 after acquiring an additional 945,438 shares during the last quarter. Gamco Investors INC. ET AL increased its position in Sportsman's Warehouse by 1.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 555,047 shares of the company's stock worth $1,482,000 after purchasing an additional 6,972 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its holdings in Sportsman's Warehouse by 79.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 545,398 shares of the company's stock worth $1,456,000 after purchasing an additional 242,222 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company's stock.

Sportsman's Warehouse Price Performance

Shares of NASDAQ:SPWH traded up $0.02 during midday trading on Friday, reaching $1.69. 332,188 shares of the company's stock were exchanged, compared to its average volume of 996,558. 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 company's 50 day simple moving average is $1.36 and its two-hundred day simple moving average is $1.97. Sportsman's Warehouse has a 12 month low of $0.92 and a 12 month high of $4.44. The firm has a market capitalization of $64.71 million, a PE ratio of -1.92 and a beta of 0.75.

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

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.