B. Riley Upgrades Sportsman’s Warehouse (NASDAQ:SPWH) to Buy

Sportsman’s Warehouse (NASDAQ:SPWH) was upgraded by B. Riley from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, MarketBeat Ratings reports. The firm currently has a $4.00 price objective on the stock, up from their previous price objective of $2.00. B. Riley’s target price suggests a potential upside of 52.67% from the company’s current price.

SPWH has been the subject of a number of other research reports. Robert W. Baird cut their price objective on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Roth Mkm reduced their price target on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Lake Street Capital decreased their price objective on shares of Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Craig Hallum dropped their target price on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, StockNews.com raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, November 30th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $3.20.

Sportsman’s Warehouse Price Performance

Shares of SPWH stock opened at $2.62 on Wednesday. The stock has a 50 day moving average of $2.49 and a two-hundred day moving average of $2.52. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $99.16 million, a P/E ratio of -2.98 and a beta of 0.59. Sportsman’s Warehouse has a 12 month low of $1.81 and a 12 month high of $4.62.

Hedge Funds Weigh In On Sportsman’s Warehouse

Large investors have recently bought and sold shares of the company. OneDigital Investment Advisors LLC boosted its holdings in shares of Sportsman’s Warehouse by 3.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 131,670 shares of the company’s stock valued at $357,000 after buying an additional 4,909 shares during the last quarter. Empowered Funds LLC lifted its stake in Sportsman’s Warehouse by 5.3% in the third quarter. Empowered Funds LLC now owns 120,458 shares of the company’s stock valued at $326,000 after acquiring an additional 6,030 shares during the last quarter. SkyView Investment Advisors LLC grew its position in shares of Sportsman’s Warehouse by 5.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company’s stock valued at $500,000 after acquiring an additional 9,332 shares during the period. Steel Grove Capital Advisors LLC grew its position in shares of Sportsman’s Warehouse by 11.1% in the 2nd quarter. Steel Grove Capital Advisors LLC now owns 100,000 shares of the company’s stock valued at $241,000 after acquiring an additional 10,000 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Sportsman’s Warehouse by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 434,022 shares of the company’s stock worth $1,176,000 after purchasing an additional 10,058 shares during the last quarter. Institutional investors and hedge funds 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.