Brokerages Set Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) PT at $7.83

Shares of Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) have received an average rating of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $8.00.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. ValuEngine downgraded shares of Sportsman’s Warehouse from a “hold” rating to a “sell” rating in a research note on Friday, August 16th.

Several institutional investors have recently bought and sold shares of SPWH. Northern Trust Corp lifted its holdings in Sportsman’s Warehouse by 3.7% during the fourth quarter. Northern Trust Corp now owns 440,914 shares of the company’s stock worth $1,931,000 after acquiring an additional 15,897 shares during the period. Geode Capital Management LLC increased its position in Sportsman’s Warehouse by 8.6% in the fourth quarter. Geode Capital Management LLC now owns 441,996 shares of the company’s stock worth $1,935,000 after buying an additional 35,013 shares during the last quarter. Bank of America Corp DE increased its position in Sportsman’s Warehouse by 78.1% in the fourth quarter. Bank of America Corp DE now owns 28,793 shares of the company’s stock worth $127,000 after buying an additional 12,622 shares during the last quarter. Virtu Financial LLC purchased a new stake in Sportsman’s Warehouse in the first quarter worth $71,000. Finally, BNP Paribas Arbitrage SA increased its position in Sportsman’s Warehouse by 251.1% in the first quarter. BNP Paribas Arbitrage SA now owns 7,742 shares of the company’s stock worth $37,000 after buying an additional 5,537 shares during the last quarter. 91.78% of the stock is owned by hedge funds and other institutional investors.

NASDAQ SPWH traded down $0.16 during trading on Friday, hitting $3.62. The stock had a trading volume of 313,838 shares, compared to its average volume of 268,177. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.04 and a current ratio of 1.05. The stock has a market capitalization of $162.91 million, a price-to-earnings ratio of 6.63, a P/E/G ratio of 0.72 and a beta of 0.21. Sportsman’s Warehouse has a one year low of $3.41 and a one year high of $6.69. The stock has a 50 day simple moving average of $4.09 and a 200 day simple moving average of $4.60.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings results on Thursday, May 30th. The company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.02). Sportsman’s Warehouse had a net margin of 2.86% and a return on equity of 34.24%. The company had revenue of $174.00 million for the quarter, compared to the consensus estimate of $177.48 million. During the same period in the prior year, the firm posted ($0.08) EPS. The business’s revenue was down 3.4% on a year-over-year basis. On average, sell-side analysts predict that Sportsman’s Warehouse will post 0.52 EPS for the current year.

Sportsman’s Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and clothing products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

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