Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $3.20.

Several brokerages recently weighed in on SPWH. Roth Mkm dropped their price target on shares of 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. Craig Hallum decreased their price target on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Robert W. Baird dropped 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. Lake Street Capital reduced 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 note on Wednesday, September 4th. Finally, StockNews.com raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th.

Sportsman’s Warehouse Stock Performance

SPWH opened at $2.29 on Friday. The company has a market cap of $86.92 million, a price-to-earnings ratio of -2.60 and a beta of 0.59. The company’s fifty day moving average price is $2.44 and its two-hundred day moving average price is $2.46. Sportsman’s Warehouse has a 1-year low of $1.81 and a 1-year high of $4.62. The company has a current ratio of 1.20, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10.

Hedge Funds Weigh In On Sportsman’s Warehouse

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC raised its position in Sportsman’s Warehouse by 3.3% in the third 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 during the period. Portolan Capital Management LLC bought a new stake in shares of Sportsman’s Warehouse in the 3rd quarter worth approximately $2,565,000. GSA Capital Partners LLP lifted its stake in Sportsman’s Warehouse by 665.0% in the third 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 during the last quarter. Geode Capital Management LLC grew its holdings in Sportsman’s Warehouse by 2.4% during the third 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 period. Finally, Jane Street Group LLC increased its position in Sportsman’s Warehouse by 16.6% in 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 owned by hedge funds and other 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.