Brokerages Set Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Target Price at $3.20

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have been assigned a consensus rating of “Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $2.80.

A number of equities research analysts recently weighed in on SPWH shares. Roth Mkm decreased 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. B. Riley reissued a “buy” rating and set a $3.00 price objective (down previously from $4.00) on shares of Sportsman’s Warehouse in a report on Wednesday. Finally, Craig Hallum upgraded 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.

Sportsman’s Warehouse Stock Down 20.8 %

SPWH opened at $1.33 on Wednesday. The business has a 50 day moving average of $1.49 and a 200-day moving average of $2.15. The stock has a market capitalization of $50.48 million, a price-to-earnings ratio of -1.51 and a beta of 0.75. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10. Sportsman’s Warehouse has a 1-year low of $0.92 and a 1-year high of $4.44.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results on Tuesday, April 1st. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.12. Sportsman’s Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. The firm had revenue of $340.40 million during the quarter, compared to the consensus estimate of $328.67 million. As a group, sell-side analysts anticipate that Sportsman’s Warehouse will post -0.65 earnings per share for the current year.

Institutional Investors Weigh In On Sportsman’s Warehouse

Several large investors have recently modified their holdings of the stock. Balyasny Asset Management L.P. bought a new position in shares of Sportsman’s Warehouse during the 4th quarter worth approximately $33,000. R Squared Ltd acquired a new position in Sportsman’s Warehouse during the fourth quarter worth $33,000. Mink Brook Asset Management LLC bought a new position in shares of Sportsman’s Warehouse during the fourth quarter valued at $41,000. Greenwood Gearhart Inc. acquired a new stake in shares of Sportsman’s Warehouse in the 4th quarter valued at $85,000. Finally, Barclays PLC grew its holdings in shares of Sportsman’s Warehouse by 25,025.0% in the 3rd quarter. Barclays PLC now owns 38,190 shares of the company’s stock worth $103,000 after purchasing an additional 38,038 shares during the last quarter. 83.04% of the stock is currently 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.