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

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $3.20.

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

Institutional Investors Weigh In On Sportsman’s Warehouse

Institutional investors have recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Sportsman’s Warehouse during the fourth quarter valued at approximately $33,000. Balyasny Asset Management L.P. purchased a new stake in shares of Sportsman’s Warehouse during the fourth quarter valued at approximately $33,000. Mink Brook Asset Management LLC purchased a new stake in shares of Sportsman’s Warehouse during the fourth quarter valued at approximately $41,000. Greenwood Gearhart Inc. purchased a new stake in shares of Sportsman’s Warehouse during the fourth quarter valued at approximately $85,000. Finally, Barclays PLC boosted its holdings in Sportsman’s Warehouse by 25,025.0% in the third 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. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Stock Performance

Shares of NASDAQ:SPWH opened at $1.37 on Friday. The company has a market cap of $52.00 million, a price-to-earnings ratio of -1.56 and a beta of 0.53. The company has a 50-day moving average price of $1.97 and a 200-day moving average price of $2.32. 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 12 month low of $1.17 and a 12 month high of $4.44.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09. Sportsman’s Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. As a group, equities analysts anticipate that Sportsman’s Warehouse will post -0.65 EPS for the current year.

Sportsman’s Warehouse Company Profile

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.