Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives $3.20 Consensus Target Price from Brokerages

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has received an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $3.20.

A number of research firms have issued reports on SPWH. Roth Mkm cut their price objective on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a report on Tuesday, September 10th. StockNews.com upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, November 30th. Lake Street Capital cut their target price on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Craig Hallum decreased their price target 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. Finally, Robert W. Baird cut their price objective on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a research report on Wednesday, September 4th.

Sportsman’s Warehouse Trading Down 0.4 %

Shares of Sportsman’s Warehouse stock opened at $2.65 on Friday. Sportsman’s Warehouse has a 52-week low of $1.81 and a 52-week high of $4.62. The stock has a market cap of $100.59 million, a PE ratio of -3.01 and a beta of 0.59. The firm has a 50-day moving average of $2.40 and a 200-day moving average of $2.44. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 1.20.

Institutional Trading of Sportsman’s Warehouse

Several institutional investors and hedge funds have recently modified their holdings of the business. SkyView Investment Advisors LLC raised its stake in Sportsman’s Warehouse by 5.3% during the third quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company’s stock worth $500,000 after acquiring an additional 9,332 shares in the last quarter. Barclays PLC increased its position in Sportsman’s Warehouse by 25,025.0% during the 3rd quarter. Barclays PLC now owns 38,190 shares of the company’s stock worth $103,000 after purchasing an additional 38,038 shares in the last quarter. Geode Capital Management LLC lifted its stake in Sportsman’s Warehouse by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 434,022 shares of the company’s stock valued at $1,176,000 after purchasing an additional 10,058 shares during the last quarter. XTX Topco Ltd acquired a new stake in Sportsman’s Warehouse in the third quarter valued at approximately $107,000. Finally, Jane Street Group LLC grew its stake in shares of Sportsman’s Warehouse by 16.6% during the third quarter. Jane Street Group LLC now owns 225,473 shares of the company’s stock worth $611,000 after buying an additional 32,073 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

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.