Roth Capital Reaffirms Buy Rating for Sportsman's Warehouse (NASDAQ:SPWH)

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report)'s stock had its "buy" rating restated by analysts at Roth Capital in a research report issued on Wednesday,Benzinga reports. They currently have a $3.00 price objective on the stock, up from their prior price objective of $2.50. Roth Capital's price target would suggest a potential upside of 14.07% from the stock's current price. Roth Capital also issued estimates for Sportsman's Warehouse's Q1 2027 earnings at ($0.42) EPS, Q2 2027 earnings at ($0.09) EPS, Q3 2027 earnings at $0.05 EPS and Q4 2027 earnings at $0.26 EPS.

A number of other research firms have also issued reports on SPWH. Craig Hallum raised Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price target on the stock in a research report on Wednesday, April 2nd. Roth Mkm reduced their price target 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. Finally, B. Riley reiterated a "buy" rating and issued a $4.00 price objective (up previously from $3.00) on shares of Sportsman's Warehouse in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $3.00.

Sportsman's Warehouse Stock Up 1.9%

SPWH stock traded up $0.05 during mid-day trading on Wednesday, reaching $2.63. The company had a trading volume of 1,261,312 shares, compared to its average volume of 1,001,650. 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 has a market capitalization of $100.69 million, a price-to-earnings ratio of -2.99 and a beta of 0.55. The firm has a fifty day simple moving average of $1.77 and a 200 day simple moving average of $1.87. Sportsman's Warehouse has a fifty-two week low of $0.92 and a fifty-two week high of $3.45.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. R Squared Ltd raised its position in shares of Sportsman's Warehouse by 153.2% during the 1st quarter. R Squared Ltd now owns 31,170 shares of the company's stock worth $31,000 after acquiring an additional 18,860 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in Sportsman's Warehouse during the 4th quarter worth approximately $33,000. Mink Brook Asset Management LLC purchased a new position in Sportsman's Warehouse during the 4th quarter worth approximately $41,000. Greenwood Gearhart Inc. purchased a new position in Sportsman's Warehouse during the 4th quarter worth approximately $85,000. Finally, U S Wealth Group LLC. purchased a new position in Sportsman's Warehouse during the 4th quarter worth approximately $138,000. Institutional investors and hedge funds own 83.04% of the company's stock.

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.