Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives $3.20 Consensus Target Price from Analysts

Shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) have been given an average rating of "Moderate Buy" by the six brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $3.20.

A number of equities research analysts recently commented on the stock. Roth Mkm reduced their price objective on shares of Sportsman's Warehouse from $5.00 to $3.50 and set a "buy" rating for the company in a research report on Tuesday, September 10th. Lake Street Capital decreased their price target on Sportsman's Warehouse from $5.00 to $3.00 and set a "buy" rating on the stock in a research note on Wednesday, September 4th. Robert W. Baird cut their price objective on Sportsman's Warehouse from $4.00 to $2.50 and set a "neutral" rating for the company in a research report on Wednesday, September 4th. StockNews.com upgraded shares of Sportsman's Warehouse from a "sell" rating to a "hold" rating in a research report on Saturday, November 30th. Finally, B. Riley upgraded shares of Sportsman's Warehouse from a "neutral" rating to a "buy" rating and increased their price target for the company from $2.00 to $4.00 in a report on Wednesday, December 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SPWH. Ground Swell Capital LLC purchased a new position in shares of Sportsman's Warehouse during the 3rd quarter worth approximately $28,000. Point72 DIFC Ltd acquired a new stake in Sportsman's Warehouse during the 2nd quarter valued at $40,000. Abacus Planning Group Inc. purchased a new position in Sportsman's Warehouse during the third quarter worth $55,000. Barclays PLC increased its position in Sportsman's Warehouse by 25,025.0% during the third quarter. Barclays PLC now owns 38,190 shares of the company's stock worth $103,000 after buying an additional 38,038 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Sportsman's Warehouse in the third quarter worth $107,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Sportsman's Warehouse Stock Performance

Sportsman's Warehouse stock traded down $0.12 during trading hours on Friday, reaching $2.29. 592,631 shares of the stock were exchanged, compared to its average volume of 471,534. The stock has a market cap of $86.92 million, a P/E ratio of -2.60 and a beta of 0.59. The firm's 50 day moving average is $2.44 and its 200 day moving average is $2.46. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 1.20. Sportsman's Warehouse has a 52-week low of $1.81 and a 52-week high of $4.62.

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.