Sportsman's Warehouse's (SPWH) Buy Rating Reiterated at B. Riley

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at B. Riley in a note issued to investors on Wednesday,Benzinga reports. They presently have a $3.00 target price on the stock, down from their prior target price of $4.00. B. Riley's target price would indicate a potential upside of 125.56% from the company's current price. B. Riley also issued estimates for Sportsman's Warehouse's Q3 2026 earnings at $0.11 EPS, Q3 2026 earnings at $0.11 EPS and Q4 2026 earnings at $0.06 EPS.

SPWH has been the subject of several other reports. Roth Mkm decreased their target price on Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating for the company in a research report on Wednesday. Craig Hallum upgraded Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price objective for the company in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sportsman's Warehouse presently has a consensus rating of "Moderate Buy" and an average price target of $2.80.

Sportsman's Warehouse Price Performance

Shares of SPWH stock traded down $0.35 on Wednesday, hitting $1.33. 3,037,552 shares of the stock traded hands, compared to its average volume of 972,652. 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 52 week low of $0.92 and a 52 week high of $4.44. The firm has a 50 day simple moving average of $1.49 and a two-hundred day simple moving average of $2.15. The firm has a market cap of $50.48 million, a price-to-earnings ratio of -1.51 and a beta of 0.75.

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Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last posted its earnings results on Tuesday, April 1st. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.12. The firm had revenue of $340.40 million during 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 predict that Sportsman's Warehouse will post -0.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sportsman's Warehouse

Several hedge funds and other institutional investors have recently bought and sold shares of SPWH. R Squared Ltd acquired a new stake in shares of Sportsman's Warehouse during the fourth quarter valued at about $33,000. Balyasny Asset Management L.P. acquired a new position in Sportsman's Warehouse during the 4th quarter worth $33,000. Mink Brook Asset Management LLC acquired a new position in shares of Sportsman's Warehouse during the fourth quarter worth about $41,000. Greenwood Gearhart Inc. purchased a new stake in shares of Sportsman's Warehouse in the 4th quarter valued at approximately $85,000. Finally, Barclays PLC increased its holdings in Sportsman's Warehouse by 25,025.0% in the third quarter. Barclays PLC now owns 38,190 shares of the company's stock valued at $103,000 after buying an additional 38,038 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.