Sportsman's Warehouse (NASDAQ:SPWH)‘s stock had its “buy” rating reiterated by analysts at Robert W. Baird in a research report issued on Wednesday. They currently have a $8.00 price objective on the stock. Robert W. Baird’s price objective points to a potential upside of 18.69% from the stock’s previous close.
SPWH has been the subject of several other research reports. Piper Jaffray Companies set a $5.00 price objective on Sportsman's Warehouse and gave the company a “hold” rating in a report on Thursday, November 16th. DA Davidson set a $8.00 price objective on Sportsman's Warehouse and gave the company a “buy” rating in a report on Monday, October 16th. ValuEngine upgraded Sportsman's Warehouse from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded Sportsman's Warehouse from a “sell” rating to a “hold” rating in a report on Saturday. Finally, BidaskClub upgraded Sportsman's Warehouse from a “hold” rating to a “buy” rating in a report on Saturday. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Sportsman's Warehouse has a consensus rating of “Buy” and an average target price of $6.69.
Shares of Sportsman's Warehouse (NASDAQ:SPWH) traded up $0.13 during mid-day trading on Wednesday, reaching $6.74. The company’s stock had a trading volume of 747,600 shares, compared to its average volume of 612,250. The company has a quick ratio of 0.03, a current ratio of 1.54 and a debt-to-equity ratio of 3.09. Sportsman's Warehouse has a one year low of $3.40 and a one year high of $9.65. The firm has a market cap of $286.98, a price-to-earnings ratio of 12.72, a PEG ratio of 1.17 and a beta of -0.65.
In other Sportsman's Warehouse news, CFO Kevan P. Talbot purchased 13,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were purchased at an average cost of $5.78 per share, with a total value of $75,140.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.15% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Franklin Resources Inc. increased its position in Sportsman's Warehouse by 2.3% in the 2nd quarter. Franklin Resources Inc. now owns 4,577,661 shares of the company’s stock worth $24,720,000 after purchasing an additional 103,548 shares during the last quarter. Boston Partners increased its position in Sportsman's Warehouse by 6.7% in the 3rd quarter. Boston Partners now owns 2,740,624 shares of the company’s stock worth $12,360,000 after purchasing an additional 173,057 shares during the last quarter. Towle & Co. acquired a new position in Sportsman's Warehouse in the 3rd quarter worth about $11,184,000. Boston Private Wealth LLC increased its position in Sportsman's Warehouse by 69.0% in the 3rd quarter. Boston Private Wealth LLC now owns 2,112,000 shares of the company’s stock worth $9,525,000 after purchasing an additional 862,000 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its position in Sportsman's Warehouse by 80.5% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,743,983 shares of the company’s stock worth $14,056,000 after purchasing an additional 777,539 shares during the last quarter.
About Sportsman's Warehouse
Sportsman’s Warehouse Holdings, Inc is an outdoor sporting goods retailer. The Company has outdoor specialty store base in the Western United States and Alaska. The Company has over 70 stores across approximately 20 states, which are located in power, neighborhood and lifestyle centers. The Company also operates several single-unit, standalone locations.
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