Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives $3.20 Consensus Target Price from Brokerages

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $3.20.

Several equities analysts have commented on the stock. StockNews.com upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th. B. Riley upgraded Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and increased their price target for the stock from $2.00 to $4.00 in a report on Wednesday, December 11th.

Sportsman’s Warehouse Stock Performance

Shares of NASDAQ SPWH opened at $2.17 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.06 and a current ratio of 1.20. Sportsman’s Warehouse has a 52-week low of $1.81 and a 52-week high of $4.44. The firm’s fifty day moving average is $2.33 and its two-hundred day moving average is $2.43. The company has a market cap of $82.37 million, a P/E ratio of -2.47 and a beta of 0.52.

Institutional Trading of Sportsman’s Warehouse

Several institutional investors and hedge funds have recently modified their holdings of SPWH. Ground Swell Capital LLC purchased a new position in shares of Sportsman’s Warehouse during the third quarter valued at $28,000. Point72 DIFC Ltd purchased a new position in Sportsman’s Warehouse during the 2nd quarter valued at about $40,000. Abacus Planning Group Inc. bought a new stake in shares of Sportsman’s Warehouse in the 3rd quarter valued at about $55,000. Barclays PLC lifted its position 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 period. Finally, XTX Topco Ltd bought a new position in shares of Sportsman’s Warehouse during the third quarter valued at approximately $107,000. Institutional investors own 83.04% of the company’s stock.

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 apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.