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

Shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) have been given a consensus rating of "Buy" by the six analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $2.80.

Several equities analysts recently issued reports on SPWH shares. 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 report on Wednesday, April 2nd. B. Riley restated a "buy" rating and set a $3.00 price target (down from $4.00) on shares of Sportsman's Warehouse in a research report on Wednesday, April 2nd. Finally, Craig Hallum raised 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.

Hedge Funds Weigh In On Sportsman's Warehouse

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPWH. R Squared Ltd purchased a new position in Sportsman's Warehouse in the fourth quarter valued at $33,000. Balyasny Asset Management L.P. acquired a new stake in Sportsman's Warehouse during the 4th quarter worth $33,000. Mink Brook Asset Management LLC purchased a new position in Sportsman's Warehouse during the 4th quarter worth $41,000. Greenwood Gearhart Inc. purchased a new stake in shares of Sportsman's Warehouse in the fourth quarter valued at about $85,000. Finally, Barclays PLC boosted its stake in shares of Sportsman's Warehouse by 25,025.0% during the third quarter. Barclays PLC now owns 38,190 shares of the company's stock worth $103,000 after buying an additional 38,038 shares during the period. Hedge funds and other institutional investors own 83.04% of the company's stock.

Sportsman's Warehouse Trading Up 2.4 %

SPWH stock traded up $0.04 during trading on Friday, hitting $1.68. The company had a trading volume of 374,323 shares, compared to its average volume of 992,097. The company has a quick ratio of 0.06, a current ratio of 1.20 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $64.32 million, a P/E ratio of -1.91 and a beta of 0.75. The company has a 50 day simple moving average of $1.36 and a 200-day simple moving average of $1.98. Sportsman's Warehouse has a 52-week low of $0.92 and a 52-week high of $4.44.

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