Sportsman’s Warehouse (NASDAQ:SPWH) Stock Rating Upgraded by B. Riley

B. Riley upgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a neutral rating to a buy rating in a report issued on Wednesday, MarketBeat.com reports. The firm currently has $4.00 price objective on the stock, up from their previous price objective of $2.00.

SPWH has been the topic of several other reports. Craig Hallum cut their price target on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Lake Street Capital cut their target price on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. StockNews.com raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, November 30th. Robert W. Baird dropped their price target on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Finally, Roth Mkm reduced their price objective on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $3.20.

Sportsman’s Warehouse Price Performance

Shares of NASDAQ:SPWH opened at $2.78 on Wednesday. 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 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. The stock has a market cap of $105.22 million, a PE ratio of -3.12 and a beta of 0.59. The stock’s fifty day simple moving average is $2.49 and its two-hundred day simple moving average is $2.52.

Institutional Trading of Sportsman’s Warehouse

A number of large investors have recently bought and sold shares of SPWH. OneDigital Investment Advisors LLC grew its stake in shares of Sportsman’s Warehouse by 3.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 131,670 shares of the company’s stock worth $357,000 after acquiring an additional 4,909 shares during the period. Empowered Funds LLC lifted its holdings in Sportsman’s Warehouse by 5.3% during the third quarter. Empowered Funds LLC now owns 120,458 shares of the company’s stock valued at $326,000 after purchasing an additional 6,030 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in Sportsman’s Warehouse by 5.3% during the third quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company’s stock worth $500,000 after purchasing an additional 9,332 shares during the period. Steel Grove Capital Advisors LLC increased its stake in shares of Sportsman’s Warehouse by 11.1% in the second quarter. Steel Grove Capital Advisors LLC now owns 100,000 shares of the company’s stock worth $241,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Sportsman’s Warehouse by 2.4% in 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. 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.