Sportsman’s Warehouse (NASDAQ:SPWH) Given New $5.00 Price Target at Lake Street Capital

Sportsman’s Warehouse (NASDAQ:SPWH) had its price objective lowered by research analysts at Lake Street Capital from $6.00 to $5.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Lake Street Capital’s price target would indicate a potential upside of 53.37% from the stock’s current price.

SPWH has been the subject of a number of other reports. B. Riley cut their price objective on Sportsman’s Warehouse from $4.50 to $4.00 and set a “neutral” rating for the company in a report on Thursday, April 4th. Robert W. Baird lowered their target price on Sportsman’s Warehouse from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, April 4th. Craig Hallum lowered their target price on Sportsman’s Warehouse from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Wednesday. Roth Capital upgraded Sportsman’s Warehouse to a “strong-buy” rating in a research note on Monday. Finally, Roth Mkm assumed coverage on Sportsman’s Warehouse in a research note on Monday. They issued a “buy” rating and a $5.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $4.40.

Sportsman’s Warehouse Stock Performance

Shares of NASDAQ SPWH traded down $0.56 during midday trading on Wednesday, reaching $3.26. 788,303 shares of the company traded hands, compared to its average volume of 442,690. The firm has a market cap of $122.64 million, a PE ratio of -4.19 and a beta of 0.73. The stock’s 50-day simple moving average is $3.33 and its 200-day simple moving average is $3.80. Sportsman’s Warehouse has a 12 month low of $2.74 and a 12 month high of $6.34.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data on Tuesday, June 4th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.14). The company had revenue of $244.24 million for the quarter, compared to the consensus estimate of $248.36 million. Sportsman’s Warehouse had a negative net margin of 2.25% and a negative return on equity of 8.86%. The firm’s revenue was down 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.39) earnings per share. On average, equities research analysts expect that Sportsman’s Warehouse will post 0.02 EPS for the current year.

Institutional Trading of Sportsman’s Warehouse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its position in Sportsman’s Warehouse by 185.8% in the third quarter. Barclays PLC now owns 73,703 shares of the company’s stock worth $331,000 after purchasing an additional 47,912 shares during the period. FMR LLC increased its position in Sportsman’s Warehouse by 2,861.4% in the third quarter. FMR LLC now owns 4,759,128 shares of the company’s stock worth $21,368,000 after purchasing an additional 4,598,421 shares during the period. Cannell Capital LLC increased its position in Sportsman’s Warehouse by 0.7% in the third quarter. Cannell Capital LLC now owns 3,715,808 shares of the company’s stock worth $16,684,000 after purchasing an additional 26,436 shares during the period. SkyView Investment Advisors LLC increased its position in Sportsman’s Warehouse by 3.4% in the third quarter. SkyView Investment Advisors LLC now owns 128,062 shares of the company’s stock worth $575,000 after purchasing an additional 4,184 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in Sportsman’s Warehouse by 24.9% in the third quarter. Gamco Investors INC. ET AL now owns 479,245 shares of the company’s stock worth $2,152,000 after purchasing an additional 95,500 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Sportsman’s Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.