Brokerages Set Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Price Target at $2.94

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $2.9375.

Separately, Wall Street Zen raised shares of Sportsman’s Warehouse from a “strong sell” rating to a “sell” rating in a research report on Monday, April 20th.

Sportsman’s Warehouse Stock Down 2.9%

Shares of Sportsman’s Warehouse stock opened at $1.33 on Thursday. The company has a fifty day moving average price of $1.41 and a 200 day moving average price of $1.57. The company has a current ratio of 1.36, a quick ratio of 0.10 and a debt-to-equity ratio of 0.24. Sportsman’s Warehouse has a twelve month low of $1.08 and a twelve month high of $4.33. The stock has a market cap of $51.80 million, a price-to-earnings ratio of -1.02 and a beta of 0.43.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings results on Tuesday, March 31st. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). Sportsman’s Warehouse had a negative return on equity of 10.30% and a negative net margin of 4.14%.The business had revenue of $334.86 million for the quarter, compared to analysts’ expectations of $334.89 million. Equities research analysts forecast that Sportsman’s Warehouse will post -0.49 earnings per share for the current fiscal year.

Institutional Trading of Sportsman’s Warehouse

A number of institutional investors have recently added to or reduced their stakes in SPWH. Dynamic Technology Lab Private Ltd purchased a new stake in Sportsman’s Warehouse during the 4th quarter worth $41,000. SBI Securities Co. Ltd. boosted its position in Sportsman’s Warehouse by 158,500.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 31,720 shares of the company’s stock valued at $46,000 after buying an additional 31,700 shares during the last quarter. Prudential Financial Inc. purchased a new position in Sportsman’s Warehouse in the 2nd quarter valued at about $56,000. Centiva Capital LP purchased a new position in Sportsman’s Warehouse in the 3rd quarter valued at about $63,000. Finally, Greenwood Gearhart Inc. boosted its position in Sportsman’s Warehouse by 47.9% in the 4th quarter. Greenwood Gearhart Inc. now owns 82,682 shares of the company’s stock valued at $121,000 after buying an additional 26,785 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.