Brokerages Set Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Price Target at $3.20

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $3.20.

SPWH has been the topic of several research reports. Craig Hallum dropped their price target on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. B. Riley raised shares of Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and increased their target price for the stock from $2.00 to $4.00 in a report on Wednesday, December 11th. Robert W. Baird decreased their price target on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Lake Street Capital dropped 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 research note on Wednesday, September 4th. Finally, Roth Mkm decreased their target price on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, September 10th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SPWH. OneDigital Investment Advisors LLC boosted its position in shares of Sportsman’s Warehouse by 3.9% during the third quarter. OneDigital Investment Advisors LLC now owns 131,670 shares of the company’s stock worth $357,000 after buying an additional 4,909 shares during the period. Empowered Funds LLC raised its stake in Sportsman’s Warehouse by 5.3% during the 3rd 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 in the last quarter. SkyView Investment Advisors LLC boosted its position in Sportsman’s Warehouse by 5.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company’s stock worth $500,000 after acquiring an additional 9,332 shares during the period. Steel Grove Capital Advisors LLC grew its stake in shares of Sportsman’s Warehouse by 11.1% in the second quarter. Steel Grove Capital Advisors LLC now owns 100,000 shares of the company’s stock worth $241,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Sportsman’s Warehouse by 2.4% during the third quarter. Geode Capital Management LLC now owns 434,022 shares of the company’s stock valued at $1,176,000 after purchasing an additional 10,058 shares during the period. Institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Stock Down 0.9 %

Shares of Sportsman’s Warehouse stock opened at $2.32 on Friday. The business has a 50-day moving average price of $2.43 and a 200 day moving average price of $2.45. Sportsman’s Warehouse has a fifty-two week low of $1.81 and a fifty-two week high of $4.62. The firm has a market cap of $88.06 million, a P/E ratio of -2.64 and a beta of 0.59. The company has a quick ratio of 0.07, a current ratio of 1.20 and a debt-to-equity ratio of 0.10.

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.