Sportsman's Warehouse (NASDAQ:SPWH) Upgraded by B. Riley to "Buy" Rating

B. Riley upgraded shares of Sportsman's Warehouse (NASDAQ:SPWH - Free Report) from a neutral rating to a buy rating in a research note published on Wednesday, MarketBeat reports. B. Riley currently has $4.00 price objective on the stock, up from their previous price objective of $2.00.

Several other equities analysts have also issued reports on SPWH. Roth Mkm lowered their price target on Sportsman's Warehouse from $5.00 to $3.50 and set a "buy" rating on the stock in a research note on Tuesday, September 10th. Craig Hallum lowered their price objective on Sportsman's Warehouse from $4.00 to $3.00 and set a "hold" rating on the stock in a research report on Wednesday, September 4th. Robert W. Baird cut their target price on Sportsman's Warehouse from $4.00 to $2.50 and set a "neutral" rating for the company in a research note on Wednesday, September 4th. StockNews.com upgraded shares of Sportsman's Warehouse from a "sell" rating to a "hold" rating in a research note on Saturday, November 30th. Finally, Lake Street Capital dropped their price objective on shares of Sportsman's Warehouse from $5.00 to $3.00 and set a "buy" rating for the company in a research note on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $3.20.

Sportsman's Warehouse Stock Performance

Sportsman's Warehouse stock traded up $0.39 during mid-day trading on Wednesday, reaching $2.84. The company had a trading volume of 3,459,266 shares, compared to its average volume of 466,687. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.10. The firm has a market cap of $107.49 million, a price-to-earnings ratio of -2.69 and a beta of 0.59. The company has a 50 day moving average of $2.48 and a 200-day moving average of $2.52. Sportsman's Warehouse has a 52 week low of $1.81 and a 52 week high of $4.62.

Hedge Funds Weigh In On Sportsman's Warehouse

Institutional investors have recently bought and sold shares of the business. Portolan Capital Management LLC acquired a new position in shares of Sportsman's Warehouse during the third quarter worth approximately $2,565,000. GSA Capital Partners LLP lifted its holdings in Sportsman's Warehouse by 665.0% during the 3rd quarter. GSA Capital Partners LLP now owns 544,373 shares of the company's stock worth $1,475,000 after buying an additional 473,212 shares in the last quarter. FMR LLC boosted its position in Sportsman's Warehouse by 3.3% in the 3rd quarter. FMR LLC now owns 5,441,705 shares of the company's stock valued at $14,747,000 after buying an additional 174,858 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Sportsman's Warehouse during the second quarter worth $384,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Sportsman's Warehouse during the second quarter worth $199,000. Institutional investors own 83.04% of the company's stock.

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.