Analysts Set Sportsman’s Warehouse (SPWH) Price Target at $5.50

Sportsman’s Warehouse (NASDAQ:SPWH) has been assigned a consensus recommendation of “Hold” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $5.50.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Thursday, March 29th. BidaskClub cut shares of Sportsman’s Warehouse from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Robert W. Baird restated a “buy” rating and issued a $8.00 price objective on shares of Sportsman’s Warehouse in a research note on Wednesday, January 3rd. Finally, ValuEngine cut shares of Sportsman’s Warehouse from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th.

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SPWH stock opened at $4.99 on Wednesday. The company has a quick ratio of 0.03, a current ratio of 1.80 and a debt-to-equity ratio of 2.66. The company has a market capitalization of $204.57, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 0.82 and a beta of -0.65. Sportsman’s Warehouse has a 12 month low of $3.40 and a 12 month high of $6.99.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its earnings results on Wednesday, March 28th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.07). The business had revenue of $243.17 million during the quarter, compared to the consensus estimate of $241.93 million. Sportsman’s Warehouse had a return on equity of 56.40% and a net margin of 2.19%. equities research analysts predict that Sportsman’s Warehouse will post 0.59 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Sportsman’s Warehouse by 41.2% in the second quarter. The Manufacturers Life Insurance Company now owns 31,397 shares of the company’s stock worth $169,000 after buying an additional 9,156 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Sportsman’s Warehouse by 23.5% in the second quarter. California State Teachers Retirement System now owns 64,124 shares of the company’s stock worth $346,000 after buying an additional 12,200 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Sportsman’s Warehouse by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 276,643 shares of the company’s stock worth $1,828,000 after buying an additional 12,617 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Sportsman’s Warehouse by 8.9% during the 4th quarter. Bank of New York Mellon Corp now owns 163,467 shares of the company’s stock valued at $1,080,000 after purchasing an additional 13,402 shares during the last quarter. Finally, Brandywine Global Investment Management LLC raised its stake in Sportsman’s Warehouse by 8.5% during the 4th quarter. Brandywine Global Investment Management LLC now owns 205,100 shares of the company’s stock valued at $1,356,000 after purchasing an additional 16,100 shares during the last quarter. Institutional investors and hedge funds own 97.75% of the company’s stock.

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

Analyst Recommendations for Sportsman`s Warehouse (NASDAQ:SPWH)

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