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 an average recommendation of "Moderate Buy" from the six research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $3.20.

A number of brokerages have issued reports on SPWH. B. Riley upgraded Sportsman's Warehouse from a "neutral" rating to a "buy" rating and increased their price target for the stock from $2.00 to $4.00 in a research report on Wednesday, December 11th. StockNews.com upgraded Sportsman's Warehouse from a "sell" rating to a "hold" rating in a research report on Saturday, November 30th.

Sportsman's Warehouse Stock Performance

Shares of SPWH traded up $0.04 during mid-day trading on Friday, reaching $1.37. The company had a trading volume of 355,141 shares, compared to its average volume of 511,145. Sportsman's Warehouse has a 52-week low of $1.17 and a 52-week high of $4.44. The company has a quick ratio of 0.06, a current ratio of 1.20 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $52.00 million, a P/E ratio of -1.56 and a beta of 0.53. The stock has a 50 day moving average of $1.97 and a two-hundred day moving average of $2.32.

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Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.09. Sportsman's Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. On average, analysts expect that Sportsman's Warehouse will post -0.65 earnings per share for the current year.

Institutional Investors Weigh In On Sportsman's Warehouse

Several hedge funds and other institutional investors have recently made changes to their positions in SPWH. R Squared Ltd acquired a new stake in shares of Sportsman's Warehouse in the fourth quarter valued at approximately $33,000. Balyasny Asset Management L.P. acquired a new stake in shares of Sportsman's Warehouse in the fourth quarter valued at approximately $33,000. Mink Brook Asset Management LLC acquired a new stake in shares of Sportsman's Warehouse in the fourth quarter valued at approximately $41,000. Greenwood Gearhart Inc. acquired a new stake in Sportsman's Warehouse during the fourth quarter worth $85,000. Finally, Barclays PLC increased its stake 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 acquiring an additional 38,038 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company's stock.

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.