Sportsman’s Warehouse’s (SPWH) Buy Rating Reaffirmed at B. Riley

Sportsman’s Warehouse (NASDAQ:SPWH)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley in a report released on Wednesday,Benzinga reports. They presently have a $3.00 target price on the stock, down from their previous target price of $4.00. B. Riley’s target price suggests a potential upside of 55.44% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Roth Mkm lowered their price target on shares of Sportsman’s Warehouse from $3.50 to $2.50 and set a “buy” rating on the stock in a research report on Wednesday. Craig Hallum raised shares of Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research note on Wednesday. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Sportsman’s Warehouse presently has a consensus rating of “Moderate Buy” and an average target price of $2.80.

Sportsman’s Warehouse Price Performance

NASDAQ SPWH traded up $0.97 during trading hours on Wednesday, hitting $1.93. 92,791,964 shares of the company’s stock traded hands, compared to its average volume of 901,401. The company has a market capitalization of $73.26 million, a PE ratio of -2.19 and a beta of 0.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. Sportsman’s Warehouse has a 52-week low of $0.92 and a 52-week high of $4.44. The firm’s 50-day moving average is $1.53 and its 200-day moving average is $2.17.

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

Hedge Funds Weigh In On Sportsman’s Warehouse

Several large investors have recently made changes to their positions in SPWH. Union Square Park Capital Management LLC raised its position in Sportsman’s Warehouse by 15.0% in the fourth quarter. Union Square Park Capital Management LLC now owns 1,681,456 shares of the company’s stock valued at $4,489,000 after purchasing an additional 219,210 shares during the period. Soviero Asset Management LP purchased a new stake in shares of Sportsman’s Warehouse in the 4th quarter valued at $668,000. Squarepoint Ops LLC lifted its stake in Sportsman’s Warehouse by 225.0% during the 4th quarter. Squarepoint Ops LLC now owns 165,178 shares of the company’s stock worth $441,000 after acquiring an additional 114,353 shares in the last quarter. Two Sigma Advisers LP purchased a new position in Sportsman’s Warehouse during the 4th quarter valued at about $501,000. Finally, Two Sigma Investments LP acquired a new position in Sportsman’s Warehouse in the 4th quarter valued at about $716,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

About Sportsman’s Warehouse

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.