Analysts Set Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) PT at $2.58

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have received an average recommendation of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $2.5833.

A number of research analysts have issued reports on SPWH shares. Wall Street Zen raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings raised shares of Sportsman’s Warehouse from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 7th. Finally, Zacks Research upgraded shares of Sportsman’s Warehouse from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SPWH. Union Square Park Capital Management LLC boosted its stake in shares of Sportsman’s Warehouse by 9.3% during the 1st quarter. Union Square Park Capital Management LLC now owns 2,600,802 shares of the company’s stock worth $3,667,000 after acquiring an additional 222,121 shares in the last quarter. Vanguard Group Inc. raised its holdings in Sportsman’s Warehouse by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,768,481 shares of the company’s stock worth $4,899,000 after purchasing an additional 46,929 shares during the period. Archon Capital Management LLC raised its holdings in Sportsman’s Warehouse by 51.6% in the 4th quarter. Archon Capital Management LLC now owns 1,668,905 shares of the company’s stock worth $2,437,000 after purchasing an additional 568,151 shares during the period. Marshall Wace LLP boosted its position in Sportsman’s Warehouse by 23.2% during the second quarter. Marshall Wace LLP now owns 1,361,280 shares of the company’s stock worth $4,696,000 after purchasing an additional 256,768 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Sportsman’s Warehouse by 12.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,220,990 shares of the company’s stock worth $3,382,000 after purchasing an additional 138,213 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Stock Performance

Shares of NASDAQ SPWH opened at $1.20 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.07 and a debt-to-equity ratio of 0.27. Sportsman’s Warehouse has a 12 month low of $1.08 and a 12 month high of $3.87. The company has a 50 day simple moving average of $1.29 and a two-hundred day simple moving average of $1.35. The stock has a market cap of $46.63 million, a price-to-earnings ratio of -0.92 and a beta of 0.41.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported ($0.39) EPS for the quarter, beating the consensus estimate of ($0.58) by $0.19. The company had revenue of $256.08 million for the quarter, compared to analyst estimates of $252.30 million. Sportsman’s Warehouse had a negative net margin of 4.17% and a negative return on equity of 10.68%. During the same period in the prior year, the company earned ($0.56) earnings per share. As a group, analysts predict that Sportsman’s Warehouse will post -0.34 earnings per share for the current year.

About Sportsman’s Warehouse

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.