Sportsman’s Warehouse (NASDAQ:SPWH) Coverage Initiated by Analysts at LADENBURG THALM/SH SH

Stock analysts at LADENBURG THALM/SH SH assumed coverage on shares of Sportsman’s Warehouse (NASDAQ:SPWH) in a research note issued to investors on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $2.60 price target on the stock. LADENBURG THALM/SH SH‘s price objective would suggest a potential upside of 138.53% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Zacks Research lowered Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Weiss Ratings lowered shares of Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2.28.

Sportsman’s Warehouse Stock Up 2.8%

Shares of SPWH stock opened at $1.09 on Tuesday. The stock’s fifty day moving average price is $1.14 and its 200 day moving average price is $1.27. Sportsman’s Warehouse has a 1-year low of $1.03 and a 1-year high of $2.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.07 and a current ratio of 1.17.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings results on Tuesday, September 1st. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. The company had revenue of $295.58 million during the quarter, compared to analysts’ expectations of $295.05 million. Sportsman’s Warehouse had a negative return on equity of 10.50% and a negative net margin of 3.94%. Sell-side analysts anticipate that Sportsman’s Warehouse will post -0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Sportsman’s Warehouse

A number of large investors have recently bought and sold shares of SPWH. JB Capital Partners LP purchased a new stake in Sportsman’s Warehouse in the second quarter valued at approximately $2,275,356. Squarepoint Ops LLC purchased a new position in Sportsman’s Warehouse during the 2nd quarter worth approximately $28,000. Two Sigma Securities LLC purchased a new position in Sportsman’s Warehouse during the 2nd quarter worth approximately $25,000. Empowered Funds LLC raised its position in Sportsman’s Warehouse by 5.6% during the 1st quarter. Empowered Funds LLC now owns 203,195 shares of the company’s stock worth $287,000 after buying an additional 10,837 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new position in Sportsman’s Warehouse during the 1st quarter worth approximately $170,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

About Sportsman’s Warehouse

Sportsman’s Warehouse Holdings, Inc (NASDAQ:SPWH) operates a specialty outdoor sporting goods retailer serving hunting, shooting, fishing, camping, hiking and other outdoor recreation markets. The company sells products through its retail stores and e-commerce platform, offering merchandise for outdoor enthusiasts as well as equipment and supplies for recreational and competitive sportsmen and women.

Its product assortment generally includes firearms, ammunition, archery equipment, fishing tackle, camping gear, outdoor apparel, footwear, optics, knives and related accessories.