Sportsman’s Warehouse (NASDAQ:SPWH) Given New $2.50 Price Target at Roth Mkm

Sportsman’s Warehouse (NASDAQ:SPWH) had its price target lowered by equities researchers at Roth Mkm from $3.50 to $2.50 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s target price would indicate a potential upside of 29.53% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. B. Riley raised shares of Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and upped their target price for the company from $2.00 to $4.00 in a report on Wednesday, December 11th. Craig Hallum upgraded Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Sportsman’s Warehouse presently has a consensus rating of “Moderate Buy” and a consensus price target of $2.80.

Sportsman’s Warehouse Stock Up 100.0 %

Shares of NASDAQ SPWH traded up $0.97 during mid-day trading on Wednesday, hitting $1.93. The company had a trading volume of 92,791,964 shares, compared to its average volume of 901,401. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10. The firm has a 50-day simple moving average of $1.53 and a two-hundred day simple moving average of $2.17. The company has a market capitalization of $73.26 million, a PE ratio of -2.19 and a beta of 0.75. Sportsman’s Warehouse has a one year low of $0.92 and a one year high of $4.44.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Tuesday, April 1st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.12. The company had revenue of $340.40 million during the quarter, compared to the consensus estimate of $328.67 million. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. On average, equities analysts expect that Sportsman’s Warehouse will post -0.65 EPS for the current year.

Hedge Funds Weigh In On Sportsman’s Warehouse

A number of large investors have recently made changes to their positions in SPWH. Portolan Capital Management LLC grew its holdings in Sportsman’s Warehouse by 146.7% in the 4th quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company’s stock valued at $6,232,000 after buying an additional 1,387,935 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Sportsman’s Warehouse by 365.9% in the fourth quarter. Marshall Wace LLP now owns 1,203,805 shares of the company’s stock valued at $3,214,000 after acquiring an additional 945,438 shares during the period. Walleye Capital LLC acquired a new position in shares of Sportsman’s Warehouse in the fourth quarter valued at about $948,000. Renaissance Technologies LLC bought a new position in Sportsman’s Warehouse during the fourth quarter worth about $857,000. Finally, Raymond James Financial Inc. acquired a new stake in Sportsman’s Warehouse in the 4th quarter worth about $806,000. Institutional investors own 83.04% of the company’s stock.

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.