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

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has earned an average rating of “Hold” from the five research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $2.5833.

Several equities analysts have recently issued reports on the company. Weiss Ratings downgraded Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 20th. Zacks Research lowered Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, June 6th.

Sportsman’s Warehouse Price Performance

SPWH opened at $1.28 on Friday. The firm has a market cap of $49.95 million, a price-to-earnings ratio of -1.04 and a beta of 0.42. Sportsman’s Warehouse has a fifty-two week low of $1.08 and a fifty-two week high of $3.55. The company has a quick ratio of 0.07, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $1.20 and its 200 day moving average price is $1.29.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Tuesday, September 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. Sportsman’s Warehouse had a negative return on equity of 10.16% and a negative net margin of 3.94%.The business had revenue of $295.58 million during the quarter, compared to analyst estimates of $295.05 million. As a group, sell-side analysts expect that Sportsman’s Warehouse will post -0.34 earnings per share for the current year.

Institutional Trading of Sportsman’s Warehouse

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its holdings in shares of Sportsman’s Warehouse by 30.6% during the first quarter. Goldman Sachs Group Inc. now owns 318,683 shares of the company’s stock valued at $317,000 after acquiring an additional 74,601 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Sportsman’s Warehouse by 217.1% during the first quarter. Acadian Asset Management LLC now owns 216,605 shares of the company’s stock worth $214,000 after acquiring an additional 148,296 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Sportsman’s Warehouse by 123.4% during the second quarter. JPMorgan Chase & Co. now owns 744,496 shares of the company’s stock valued at $2,569,000 after purchasing an additional 411,295 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of Sportsman’s Warehouse during the 2nd quarter valued at about $56,000. Finally, XTX Topco Ltd bought a new position in Sportsman’s Warehouse during the second quarter valued at about $189,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

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.