Sportsman's Warehouse's (SPWH) Buy Rating Reaffirmed at B. Riley

B. Riley reiterated their buy rating on shares of Sportsman's Warehouse (NASDAQ:SPWH - Free Report) in a report issued on Wednesday,Benzinga reports. They currently have a $4.00 price target on the stock, up from their previous price target of $3.00.

A number of other equities analysts have also weighed in on SPWH. Roth Mkm reduced their target price on shares of Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating for the company in a research note 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 target price for the company in a research note on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Sportsman's Warehouse has a consensus rating of "Moderate Buy" and a consensus target price of $3.00.

Sportsman's Warehouse Trading Up 1.9%

Shares of SPWH stock traded up $0.05 on Wednesday, hitting $2.63. The stock had a trading volume of 1,261,312 shares, compared to its average volume of 1,001,650. Sportsman's Warehouse has a twelve month low of $0.92 and a twelve month high of $3.45. The firm has a market cap of $100.69 million, a P/E ratio of -2.99 and a beta of 0.55. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average price of $1.77 and a two-hundred day moving average price of $1.87.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.07. Sportsman's Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. The company had revenue of $249.10 million during the quarter, compared to analyst estimates of $238.25 million. During the same quarter in the previous year, the business earned ($0.47) EPS. As a group, analysts forecast that Sportsman's Warehouse will post -0.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sportsman's Warehouse

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPWH. Empowered Funds LLC lifted its position in Sportsman's Warehouse by 5.2% during the 4th quarter. Empowered Funds LLC now owns 126,683 shares of the company's stock worth $338,000 after buying an additional 6,225 shares in the last quarter. Skylands Capital LLC lifted its position in Sportsman's Warehouse by 39.8% during the 4th quarter. Skylands Capital LLC now owns 267,450 shares of the company's stock worth $714,000 after buying an additional 76,100 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Sportsman's Warehouse during the 4th quarter worth about $806,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Sportsman's Warehouse by 302.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 248,541 shares of the company's stock worth $664,000 after buying an additional 186,723 shares in the last quarter. Finally, American Century Companies Inc. lifted its position 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 worth $721,000 after buying an additional 126,995 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

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.