Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives $8.25 Consensus Price Target from Analysts

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have been assigned an average rating of “Hold” from the four research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $7.25.

SPWH has been the topic of a number of recent research reports. B. Riley cut their price target on shares of Sportsman’s Warehouse from $4.50 to $4.00 and set a “neutral” rating on the stock in a report on Thursday. StockNews.com upgraded shares of Sportsman’s Warehouse to a “sell” rating in a research report on Thursday, January 11th. Finally, Robert W. Baird lowered their price objective on shares of Sportsman’s Warehouse from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Thursday.

Sportsman’s Warehouse Trading Up 0.8 %

NASDAQ SPWH opened at $3.82 on Monday. The stock has a market cap of $142.91 million, a PE ratio of -4.90 and a beta of 0.76. The stock has a fifty day simple moving average of $3.50 and a 200-day simple moving average of $4.18. Sportsman’s Warehouse has a twelve month low of $2.74 and a twelve month high of $8.85.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results on Wednesday, April 3rd. The company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.10. The firm had revenue of $370.39 million during the quarter, compared to the consensus estimate of $373.61 million. Sportsman’s Warehouse had a negative return on equity of 8.79% and a negative net margin of 2.25%. Sportsman’s Warehouse’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 earnings per share. Research analysts predict that Sportsman’s Warehouse will post -0.18 EPS for the current year.

Institutional Investors Weigh In On Sportsman’s Warehouse

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG grew its position in Sportsman’s Warehouse by 145.2% in the second quarter. UBS Group AG now owns 4,414 shares of the company’s stock worth $42,000 after acquiring an additional 2,614 shares in the last quarter. Quarry LP lifted its position in shares of Sportsman’s Warehouse by 509.1% in the 1st quarter. Quarry LP now owns 5,476 shares of the company’s stock worth $46,000 after purchasing an additional 4,577 shares during the period. Wolverine Trading LLC acquired a new position in shares of Sportsman’s Warehouse in the third quarter valued at approximately $47,000. Ancora Advisors LLC acquired a new position in Sportsman’s Warehouse during the 1st quarter worth approximately $52,000. Finally, Citigroup Inc. lifted its holdings in shares of Sportsman’s Warehouse by 1,012.3% during the 2nd quarter. Citigroup Inc. now owns 11,279 shares of the company’s stock worth $64,000 after acquiring an additional 10,265 shares during the period. Institutional investors own 83.04% of the company’s stock.

About Sportsman’s Warehouse

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.