Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives Average Recommendation of “Hold” from Brokerages

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has been given an average rating of “Hold” by the four brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $2.1250.

A number of analysts have issued reports on SPWH shares. Weiss Ratings lowered Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 20th. Zacks Research downgraded shares of Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, June 6th.

Hedge Funds Weigh In On Sportsman’s Warehouse

Large investors have recently bought and sold shares of the stock. Two Sigma Securities LLC acquired a new position in shares of Sportsman’s Warehouse in the 2nd quarter valued at $25,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sportsman’s Warehouse during the 4th quarter worth $41,000. SBI Securities Co. Ltd. increased its holdings in shares of Sportsman’s Warehouse by 158,500.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 31,720 shares of the company’s stock worth $46,000 after buying an additional 31,700 shares during the last quarter. Prudential Financial Inc. purchased a new position in shares of Sportsman’s Warehouse in the 2nd quarter worth $56,000. Finally, Centiva Capital LP purchased a new position in shares of Sportsman’s Warehouse in the 3rd quarter worth $63,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Trading Up 4.0%

Shares of SPWH opened at $1.30 on Friday. Sportsman’s Warehouse has a fifty-two week low of $1.08 and a fifty-two week high of $3.55. The company has a market capitalization of $50.88 million, a PE ratio of -1.06 and a beta of 0.42. The stock has a fifty day moving average of $1.20 and a two-hundred day moving average of $1.29. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.07 and a current ratio of 1.17.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings data on Tuesday, September 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.04. The business had revenue of $295.58 million for the quarter, compared to analysts’ expectations of $295.05 million. Sportsman’s Warehouse had a negative return on equity of 10.50% and a negative net margin of 3.94%. As a group, analysts forecast that Sportsman’s Warehouse will post -0.31 EPS for the current year.

About Sportsman’s Warehouse

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.