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

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

A number of equities research analysts have recently weighed in on the company. B. Riley raised Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $2.00 to $4.00 in a research note on Wednesday, December 11th. Craig Hallum upgraded shares of Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a report on Wednesday.

Institutional Investors Weigh In On Sportsman’s Warehouse

Several hedge funds have recently modified their holdings of SPWH. R Squared Ltd acquired a new stake in Sportsman’s Warehouse during the fourth quarter worth about $33,000. Balyasny Asset Management L.P. acquired a new stake in shares of Sportsman’s Warehouse in the 4th quarter valued at about $33,000. Mink Brook Asset Management LLC bought a new stake in Sportsman’s Warehouse in the fourth quarter valued at about $41,000. Greenwood Gearhart Inc. acquired a new stake in shares of Sportsman’s Warehouse during the 4th quarter valued at approximately $85,000. Finally, Barclays PLC lifted its position in shares of Sportsman’s Warehouse by 25,025.0% in the 3rd quarter. Barclays PLC now owns 38,190 shares of the company’s stock worth $103,000 after buying an additional 38,038 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Sportsman’s Warehouse Trading Up 74.8 %

Shares of NASDAQ SPWH traded up $0.72 during trading on Wednesday, hitting $1.69. 18,822,009 shares of the company were exchanged, compared to its average volume of 632,458. The company has a fifty day moving average price of $1.53 and a 200-day moving average price of $2.17. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.06 and a current ratio of 1.20. The firm has a market capitalization of $64.03 million, a PE ratio of -1.83 and a beta of 0.53. Sportsman’s Warehouse has a 12-month low of $0.92 and a 12-month high of $4.44.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its earnings results on Tuesday, April 1st. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.12. The company had revenue of $340.40 million for the quarter, compared to the consensus estimate of $328.67 million. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. As a group, equities research analysts expect 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.