Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Given Average Rating of “Moderate Buy” by Analysts

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has received an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $2.95.

SPWH has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Roth Mkm reduced their price target on shares of Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating for the company in a report on Friday, December 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research note on Monday, December 29th. Finally, Robert W. Baird reduced their target price on Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating for the company in a research note on Friday, December 5th.

Institutional Trading of Sportsman’s Warehouse

Hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sportsman’s Warehouse by 245.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,082,777 shares of the company’s stock valued at $3,736,000 after purchasing an additional 769,051 shares in the last quarter. Quinn Opportunity Partners LLC purchased a new stake in Sportsman’s Warehouse in the second quarter worth $1,796,000. JPMorgan Chase & Co. raised its position in shares of Sportsman’s Warehouse by 123.4% in the second quarter. JPMorgan Chase & Co. now owns 744,496 shares of the company’s stock valued at $2,569,000 after purchasing an additional 411,295 shares during the period. Manatuck Hill Partners LLC purchased a new stake in shares of Sportsman’s Warehouse during the 2nd quarter valued at approximately $1,229,000. Finally, Walleye Capital LLC bought a new position in Sportsman’s Warehouse in the 2nd quarter worth approximately $1,147,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Trading Up 5.0%

SPWH opened at $1.48 on Tuesday. The company has a 50-day simple moving average of $1.62 and a 200 day simple moving average of $2.47. The stock has a market capitalization of $56.95 million, a price-to-earnings ratio of -1.53 and a beta of 0.57. Sportsman’s Warehouse has a twelve month low of $0.92 and a twelve month high of $4.33. The company has a quick ratio of 0.06, a current ratio of 1.20 and a debt-to-equity ratio of 0.21.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). Sportsman’s Warehouse had a negative net margin of 3.05% and a negative return on equity of 7.20%. The firm had revenue of $331.32 million for the quarter, compared to analyst estimates of $331.11 million. Analysts predict that Sportsman’s Warehouse will post -0.65 EPS for the current fiscal year.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.