Roth Mkm Has Lowered Expectations for Sportsman's Warehouse (NASDAQ:SPWH) Stock Price

Sportsman's Warehouse (NASDAQ:SPWH - Free Report) had its price objective reduced by Roth Mkm from $3.50 to $2.50 in a research report sent to investors on Wednesday morning,Benzinga reports. Roth Mkm currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on SPWH. Craig Hallum raised Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price objective for the company in a research report on Wednesday. B. Riley upgraded Sportsman's Warehouse from a "neutral" rating to a "buy" rating and raised their target price for the company from $2.00 to $4.00 in a report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Sportsman's Warehouse presently has an average rating of "Moderate Buy" and a consensus price target of $2.80.

Sportsman's Warehouse Price Performance

Shares of NASDAQ:SPWH traded down $0.35 during trading on Wednesday, reaching $1.33. The stock had a trading volume of 3,037,552 shares, compared to its average volume of 972,652. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.06 and a current ratio of 1.20. Sportsman's Warehouse has a 1-year low of $0.92 and a 1-year high of $4.44. The stock has a market cap of $50.48 million, a PE ratio of -1.51 and a beta of 0.75. The business has a fifty day moving average price of $1.49 and a 200-day moving average price of $2.15.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Balyasny Asset Management L.P. acquired a new stake in Sportsman's Warehouse during the 4th quarter worth $33,000. R Squared Ltd acquired a new stake in shares of Sportsman's Warehouse during the fourth quarter worth about $33,000. Mink Brook Asset Management LLC purchased a new stake in shares of Sportsman's Warehouse in the 4th quarter valued at about $41,000. Greenwood Gearhart Inc. purchased a new stake in shares of Sportsman's Warehouse in the 4th quarter valued at about $85,000. Finally, Barclays PLC boosted its position in shares of Sportsman's Warehouse by 25,025.0% in the 3rd quarter. Barclays PLC now owns 38,190 shares of the company's stock valued at $103,000 after purchasing an additional 38,038 shares during the period. Institutional investors and hedge funds own 83.04% of the company's stock.

About Sportsman's Warehouse

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.