Sportsman’s Warehouse (NASDAQ:SPWH) Upgraded to Buy at Craig Hallum

Craig Hallum upgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a hold rating to a buy rating in a research note issued to investors on Wednesday, Marketbeat reports. Craig Hallum currently has $3.00 price objective on the stock.

Separately, B. Riley upgraded shares of Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and raised their price target for the stock from $2.00 to $4.00 in a report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sportsman’s Warehouse presently has an average rating of “Moderate Buy” and a consensus price target of $2.80.

Sportsman’s Warehouse Trading Up 97.9 %

Sportsman’s Warehouse stock opened at $1.91 on Wednesday. The company has a 50 day moving average price of $1.52 and a 200 day moving average price of $2.17. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.06 and a current ratio of 1.20. Sportsman’s Warehouse has a 52 week low of $0.92 and a 52 week high of $4.44. The firm has a market capitalization of $72.50 million, a price-to-earnings ratio of -2.17 and a beta of 0.75.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings results on Tuesday, April 1st. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.12. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. The firm had revenue of $340.40 million for the quarter, compared to analyst estimates of $328.67 million. Research analysts forecast that Sportsman’s Warehouse will post -0.65 EPS for the current year.

Hedge Funds Weigh In On Sportsman’s Warehouse

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Portolan Capital Management LLC acquired a new position in shares of Sportsman’s Warehouse during the 3rd quarter worth $2,565,000. Empowered Funds LLC raised its holdings in Sportsman’s Warehouse by 5.2% during the fourth quarter. Empowered Funds LLC now owns 126,683 shares of the company’s stock valued at $338,000 after buying an additional 6,225 shares in the last quarter. Jane Street Group LLC lifted its position in shares of 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. XTX Topco Ltd bought a new stake in shares of Sportsman’s Warehouse during the 3rd quarter worth about $107,000. Finally, Barclays PLC increased its holdings in shares of Sportsman’s Warehouse by 25,025.0% during the 3rd quarter. Barclays PLC now owns 38,190 shares of the company’s stock valued at $103,000 after acquiring an additional 38,038 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

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.