Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Stock Has Average Target Price of $2.28 According to Analysts

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has earned a consensus rating of “Hold” from the five research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $2.28.

A number of research firms recently weighed in on SPWH. LADENBURG THALM/SH SH began coverage on shares of Sportsman’s Warehouse in a report on Tuesday. They issued a “buy” rating and a $2.60 target price on the stock. Weiss Ratings lowered Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday. Finally, Zacks Research downgraded Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th.

Sportsman’s Warehouse Stock Performance

NASDAQ SPWH opened at $1.09 on Tuesday. The company has a market cap of $42.66 million, a P/E ratio of -0.89 and a beta of 0.44. The company has a fifty day simple moving average of $1.14 and a 200 day simple moving average of $1.27. The company has a current ratio of 1.17, a quick ratio of 0.07 and a debt-to-equity ratio of 0.27. Sportsman’s Warehouse has a 12-month low of $1.03 and a 12-month high of $2.56.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Tuesday, September 1st. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. The firm had revenue of $295.58 million for the quarter, compared to analyst estimates of $295.05 million. Sportsman’s Warehouse had a negative net margin of 3.94% and a negative return on equity of 10.50%. Sell-side analysts predict that Sportsman’s Warehouse will post -0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sportsman’s Warehouse

A number of institutional investors and hedge funds have recently bought and sold shares of SPWH. Union Square Park Capital Management LLC raised its holdings in shares of Sportsman’s Warehouse by 9.3% in the first quarter. Union Square Park Capital Management LLC now owns 2,600,802 shares of the company’s stock valued at $3,667,000 after purchasing an additional 222,121 shares during the last quarter. JB Capital Partners LP bought a new position in shares of Sportsman’s Warehouse during the second quarter valued at about $2,275,356. Gabelli Funds LLC boosted its holdings in Sportsman’s Warehouse by 1.6% during the first quarter. Gabelli Funds LLC now owns 1,199,501 shares of the company’s stock worth $1,691,000 after purchasing an additional 18,850 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in Sportsman’s Warehouse by 1.6% during the first quarter. Gamco Investors INC. ET AL now owns 712,500 shares of the company’s stock worth $1,005,000 after purchasing an additional 11,000 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Sportsman’s Warehouse by 125.9% in the 1st quarter. Renaissance Technologies LLC now owns 484,300 shares of the company’s stock worth $683,000 after purchasing an additional 269,930 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

About Sportsman’s Warehouse

Sportsman’s Warehouse Holdings, Inc (NASDAQ:SPWH) operates a specialty outdoor sporting goods retailer serving hunting, shooting, fishing, camping, hiking and other outdoor recreation markets. The company sells products through its retail stores and e-commerce platform, offering merchandise for outdoor enthusiasts as well as equipment and supplies for recreational and competitive sportsmen and women.

Its product assortment generally includes firearms, ammunition, archery equipment, fishing tackle, camping gear, outdoor apparel, footwear, optics, knives and related accessories.