Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives $3.20 Average Price Target from Analysts

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have been given an average rating of “Moderate Buy” by the six analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $3.20.

A number of analysts have recently commented on SPWH shares. Lake Street Capital dropped their price objective 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. Craig Hallum reduced their price objective on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Robert W. Baird lowered their price objective on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Roth Mkm cut their target price on shares of 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. Finally, B. Riley upgraded shares of Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and raised their target price for the stock from $2.00 to $4.00 in a report on Wednesday, December 11th.

Sportsman’s Warehouse Price Performance

NASDAQ SPWH opened at $2.32 on Friday. The firm has a market capitalization of $88.06 million, a PE ratio of -2.64 and a beta of 0.59. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.07. Sportsman’s Warehouse has a 12 month low of $1.81 and a 12 month high of $4.62. The company’s 50 day simple moving average is $2.43 and its 200 day simple moving average is $2.45.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. OneDigital Investment Advisors LLC lifted its position in shares of Sportsman’s Warehouse by 3.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 131,670 shares of the company’s stock valued at $357,000 after acquiring an additional 4,909 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Sportsman’s Warehouse by 5.3% in 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 in the last quarter. SkyView Investment Advisors LLC boosted its position in shares of Sportsman’s Warehouse by 5.3% in the third quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company’s stock worth $500,000 after buying an additional 9,332 shares during the period. Steel Grove Capital Advisors LLC grew its holdings in shares of Sportsman’s Warehouse by 11.1% during the second quarter. Steel Grove Capital Advisors LLC now owns 100,000 shares of the company’s stock valued at $241,000 after buying an additional 10,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Sportsman’s Warehouse by 2.4% during the third quarter. Geode Capital Management LLC now owns 434,022 shares of the company’s stock valued at $1,176,000 after buying an additional 10,058 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

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