Sportsman’s Warehouse (NASDAQ:SPWH) Rating Increased to Buy at B. Riley

Sportsman’s Warehouse (NASDAQ:SPWH) was upgraded by investment analysts at B. Riley from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a $4.00 price target on the stock, up from their previous price target of $2.00. B. Riley’s price target would suggest a potential upside of 63.27% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on SPWH. Craig Hallum lowered their target price on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Roth Mkm cut their target price on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a research 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. Robert W. Baird reduced their price objective on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Finally, Lake Street Capital dropped their target price on shares of 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. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Sportsman’s Warehouse presently has a consensus rating of “Moderate Buy” and an average price target of $3.20.

Sportsman’s Warehouse Stock Performance

Sportsman’s Warehouse stock opened at $2.45 on Wednesday. The stock has a fifty day moving average price of $2.48 and a 200 day moving average price of $2.52. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. Sportsman’s Warehouse has a 52 week low of $1.81 and a 52 week high of $4.62. The firm has a market capitalization of $92.73 million, a P/E ratio of -2.69 and a beta of 0.59.

Institutional Investors Weigh In On Sportsman’s Warehouse

A number of large investors have recently modified their holdings of the stock. FMR LLC lifted its position in Sportsman’s Warehouse by 3.3% during the 3rd quarter. FMR LLC now owns 5,441,705 shares of the company’s stock worth $14,747,000 after acquiring an additional 174,858 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Sportsman’s Warehouse by 1.8% during the first quarter. Vanguard Group Inc. now owns 1,926,372 shares of the company’s stock worth $5,991,000 after purchasing an additional 33,976 shares in the last quarter. Portolan Capital Management LLC purchased a new position in shares of Sportsman’s Warehouse in the third quarter valued at $2,565,000. GSA Capital Partners LLP grew 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 valued at $1,475,000 after purchasing an additional 473,212 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Sportsman’s Warehouse by 2.4% during 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 in the last quarter. Institutional investors and hedge funds 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.