Brokerages Set Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Target Price at $3.20

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) has been assigned a consensus rating of "Buy" from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $2.80.

A number of equities research analysts have recently weighed in on the stock. Craig Hallum upgraded shares of Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price target for the company in a research report on Wednesday, April 2nd. B. Riley reaffirmed a "buy" rating and issued a $3.00 target price (down previously from $4.00) on shares of Sportsman's Warehouse in a report on Wednesday, April 2nd. Finally, Roth Mkm lowered their price target on Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating for the company in a report on Wednesday, April 2nd.

Institutional Investors Weigh In On Sportsman's Warehouse

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC raised its position in shares of Sportsman's Warehouse by 3.3% during the third quarter. FMR LLC now owns 5,441,705 shares of the company's stock worth $14,747,000 after purchasing an additional 174,858 shares during the period. Portolan Capital Management LLC increased its stake in Sportsman's Warehouse by 146.7% during the 4th quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company's stock valued at $6,232,000 after purchasing an additional 1,387,935 shares in the last quarter. Union Square Park Capital Management LLC increased its position in shares of Sportsman's Warehouse by 15.0% during the fourth quarter. Union Square Park Capital Management LLC now owns 1,681,456 shares of the company's stock worth $4,489,000 after acquiring an additional 219,210 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Sportsman's Warehouse by 365.9% in the 4th quarter. Marshall Wace LLP now owns 1,203,805 shares of the company's stock worth $3,214,000 after acquiring an additional 945,438 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in Sportsman's Warehouse by 1.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 555,047 shares of the company's stock valued at $1,482,000 after acquiring an additional 6,972 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

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Sportsman's Warehouse Stock Performance

NASDAQ SPWH traded up $0.30 on Wednesday, hitting $1.63. 2,171,225 shares of the stock were exchanged, compared to its average volume of 977,970. The company has a market capitalization of $61.83 million, a PE ratio of -1.85 and a beta of 0.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. The business's fifty day moving average is $1.49 and its 200 day moving average is $2.14. Sportsman's Warehouse has a 52 week low of $0.92 and a 52 week high of $4.44.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last issued its earnings results on Tuesday, April 1st. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.12. Sportsman's Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. The company had revenue of $340.40 million during the quarter, compared to the consensus estimate of $328.67 million. Research analysts anticipate that Sportsman's Warehouse will post -0.65 EPS for the current fiscal year.

Sportsman's Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.