Sportsman’s Warehouse’s (SPWH) “Buy” Rating Reiterated at B. Riley

B. Riley reissued their buy rating on shares of Sportsman’s Warehouse (NASDAQ:SPWH) in a research note released on Wednesday morning,Benzinga reports. They currently have a $3.00 target price on the stock, down from their previous target price of $4.00. B. Riley also issued estimates for Sportsman’s Warehouse’s Q3 2026 earnings at $0.11 EPS, Q3 2026 earnings at $0.11 EPS and Q4 2026 earnings at $0.06 EPS.

A number of other research analysts have also recently commented on the stock. Craig Hallum raised shares of Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Wednesday. Roth Mkm decreased their price objective on shares of Sportsman’s Warehouse from $3.50 to $2.50 and set a “buy” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sportsman’s Warehouse has an average rating of “Moderate Buy” and a consensus target price of $2.80.

Sportsman’s Warehouse Stock Performance

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

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its earnings results on Tuesday, April 1st. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.12. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. The company had revenue of $340.40 million during the quarter, compared to analysts’ expectations of $328.67 million. Analysts forecast that Sportsman’s Warehouse will post -0.65 EPS for the current year.

Institutional Trading of Sportsman’s Warehouse

Several hedge funds have recently made changes to their positions in the business. Union Square Park Capital Management LLC increased its stake in Sportsman’s Warehouse by 15.0% during the 4th quarter. Union Square Park Capital Management LLC now owns 1,681,456 shares of the company’s stock worth $4,489,000 after buying an additional 219,210 shares during the period. Soviero Asset Management LP purchased a new stake in shares of Sportsman’s Warehouse during the fourth quarter worth $668,000. Squarepoint Ops LLC raised its stake in shares of Sportsman’s Warehouse by 225.0% in the fourth quarter. Squarepoint Ops LLC now owns 165,178 shares of the company’s stock valued at $441,000 after acquiring an additional 114,353 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Sportsman’s Warehouse in the fourth quarter valued at $501,000. Finally, Two Sigma Investments LP acquired a new position in Sportsman’s Warehouse during the 4th quarter worth $716,000. 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.