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

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $3.20.

SPWH has been the topic of a number of research reports. StockNews.com raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, November 30th. B. Riley upgraded Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and raised their price objective for the company from $2.00 to $4.00 in a report on Wednesday, December 11th.

Hedge Funds Weigh In On Sportsman’s Warehouse

Institutional investors have recently bought and sold shares of the company. Ground Swell Capital LLC acquired a new stake in shares of Sportsman’s Warehouse in the third quarter valued at $28,000. R Squared Ltd purchased a new stake in Sportsman’s Warehouse during the 4th quarter worth about $33,000. Barclays PLC raised its position in Sportsman’s Warehouse by 25,025.0% in the 3rd quarter. Barclays PLC now owns 38,190 shares of the company’s stock valued at $103,000 after purchasing an additional 38,038 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Sportsman’s Warehouse in the 3rd quarter valued at about $107,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Sportsman’s Warehouse in the 3rd quarter valued at about $168,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Sportsman’s Warehouse Trading Up 1.1 %

Sportsman’s Warehouse stock opened at $1.81 on Monday. Sportsman’s Warehouse has a 52 week low of $1.73 and a 52 week high of $4.44. The stock has a 50-day moving average price of $2.27 and a 200 day moving average price of $2.39. The company has a quick ratio of 0.06, a current ratio of 1.20 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $68.71 million, a price-to-earnings ratio of -2.06 and a beta of 0.48.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.04 EPS for the quarter, beating the consensus estimate 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%. Sell-side 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.