Sportsman’s Warehouse (NASDAQ:SPWH) Given “Buy” Rating at B. Riley

B. Riley reissued their buy rating on shares of Sportsman’s Warehouse (NASDAQ:SPWH) in a report issued on Wednesday,Benzinga reports. They currently have a $3.00 price objective on the stock, down from their prior price objective of $4.00.

SPWH has been the topic of several other reports. 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 report on Wednesday. Roth Mkm lowered their price objective on Sportsman’s Warehouse from $3.50 to $2.50 and set a “buy” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sportsman’s Warehouse currently has a consensus rating of “Moderate Buy” and an average target price of $2.80.

Sportsman’s Warehouse Price Performance

SPWH opened at $1.91 on Wednesday. The stock has a fifty day moving average price of $1.52 and a 200 day moving average price of $2.17. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10. Sportsman’s Warehouse has a 1 year low of $0.92 and a 1 year high of $4.44. The stock has a market cap of $72.50 million, a price-to-earnings ratio of -2.17 and a beta of 0.75.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings results on Tuesday, April 1st. The company reported $0.04 earnings per share (EPS) 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 business had revenue of $340.40 million during the quarter, compared to analyst estimates of $328.67 million. Analysts forecast that Sportsman’s Warehouse will post -0.65 EPS for the current fiscal year.

Institutional Trading of Sportsman’s Warehouse

Hedge funds 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 third quarter worth approximately $2,565,000. Empowered Funds LLC boosted its holdings in Sportsman’s Warehouse by 5.2% in the 4th quarter. Empowered Funds LLC now owns 126,683 shares of the company’s stock valued at $338,000 after purchasing an additional 6,225 shares during the period. Jane Street Group LLC grew its position in Sportsman’s Warehouse by 16.6% in the 3rd quarter. Jane Street Group LLC now owns 225,473 shares of the company’s stock worth $611,000 after purchasing an additional 32,073 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Sportsman’s Warehouse during the 3rd quarter worth about $107,000. Finally, Barclays PLC raised its position in shares of Sportsman’s Warehouse by 25,025.0% during the third quarter. Barclays PLC now owns 38,190 shares of the company’s stock valued at $103,000 after buying 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.