Brokerages Set Sportsman’s Warehouse Holdings Inc (SPWH) Price Target at $7.83

Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) has received an average recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.83.

Several research firms have weighed in on SPWH. Zacks Investment Research raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. ValuEngine downgraded Sportsman’s Warehouse from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 18th. Finally, BidaskClub downgraded Sportsman’s Warehouse from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st.

A number of institutional investors have recently added to or reduced their stakes in SPWH. Stephens Investment Management Group LLC purchased a new position in Sportsman’s Warehouse during the first quarter worth $5,819,000. Cannell Capital LLC boosted its holdings in shares of Sportsman’s Warehouse by 43.2% during the fourth quarter. Cannell Capital LLC now owns 2,201,757 shares of the company’s stock worth $9,644,000 after purchasing an additional 664,573 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Sportsman’s Warehouse by 596.3% during the first quarter. Assenagon Asset Management S.A. now owns 367,700 shares of the company’s stock worth $1,765,000 after purchasing an additional 314,895 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Sportsman’s Warehouse by 19.2% during the third quarter. Vanguard Group Inc now owns 1,837,433 shares of the company’s stock worth $10,748,000 after purchasing an additional 295,727 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Sportsman’s Warehouse by 19.2% during the third quarter. Vanguard Group Inc. now owns 1,837,433 shares of the company’s stock worth $10,748,000 after purchasing an additional 295,727 shares during the last quarter. 93.65% of the stock is owned by institutional investors.

NASDAQ SPWH traded up $0.01 during mid-day trading on Tuesday, hitting $3.60. The stock had a trading volume of 306 shares, compared to its average volume of 275,745. Sportsman’s Warehouse has a 52-week low of $3.41 and a 52-week high of $6.69. The company has a market capitalization of $154.29 million, a P/E ratio of 6.00, a PEG ratio of 0.70 and a beta of 0.25. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.05 and a quick ratio of 0.07.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings results on Thursday, May 30th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The company had revenue of $174.00 million for the quarter, compared to analysts’ expectations of $177.48 million. Sportsman’s Warehouse had a return on equity of 34.24% and a net margin of 2.86%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) EPS. On average, research analysts expect that Sportsman’s Warehouse will post 0.51 earnings per share for the current fiscal year.

About Sportsman’s Warehouse

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 clothing products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

Further Reading: Limitations of the P/E Growth ratio

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