Sportsman's Warehouse (NASDAQ:SPWH) Given New $2.50 Price Target at Roth Mkm

Sportsman's Warehouse (NASDAQ:SPWH - Free Report) had its target price trimmed by Roth Mkm from $3.50 to $2.50 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on SPWH. Craig Hallum raised 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 upgraded 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. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Sportsman's Warehouse has an average rating of "Moderate Buy" and a consensus price target of $2.80.

Sportsman's Warehouse Stock Up 23.3 %

SPWH traded up $0.31 during trading on Wednesday, reaching $1.64. 3,577,520 shares of the stock traded hands, compared to its average volume of 983,035. The stock's 50-day simple moving average is $1.49 and its two-hundred day simple moving average is $2.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. Sportsman's Warehouse has a fifty-two week low of $0.92 and a fifty-two week high of $4.44. The stock has a market cap of $62.52 million, a price-to-earnings ratio of -1.86 and a beta of 0.75.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its quarterly earnings data on Tuesday, April 1st. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.12. The firm had revenue of $340.40 million for the quarter, compared to the consensus estimate of $328.67 million. Sportsman's Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. As a group, equities research analysts expect that Sportsman's Warehouse will post -0.65 EPS for the current year.

Hedge Funds Weigh In On Sportsman's Warehouse

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Portolan Capital Management LLC increased its position in shares of Sportsman's Warehouse by 146.7% during the fourth 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 during the period. Marshall Wace LLP lifted its holdings in shares of Sportsman's Warehouse by 365.9% during 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 period. Walleye Capital LLC acquired a new stake in shares of Sportsman's Warehouse during the 4th quarter valued at about $948,000. Renaissance Technologies LLC bought a new position in Sportsman's Warehouse during the fourth quarter worth about $857,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Sportsman's Warehouse in the 4th quarter valued at approximately $806,000. 83.04% of the stock is currently owned by institutional investors.

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.