Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $3.20.

SPWH has been the topic of several analyst reports. StockNews.com raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, November 30th. B. Riley upgraded Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and upped their price objective for the company from $2.00 to $4.00 in a research note on Wednesday, December 11th.

Sportsman’s Warehouse Stock Performance

SPWH opened at $2.17 on Thursday. The stock’s 50 day simple moving average is $2.32 and its 200-day simple moving average is $2.43. 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 stock has a market cap of $82.37 million, a PE ratio of -2.47 and a beta of 0.52. Sportsman’s Warehouse has a 1 year low of $1.81 and a 1 year high of $4.44.

Institutional Investors Weigh In On Sportsman’s Warehouse

Several hedge funds have recently bought and sold shares of SPWH. Portolan Capital Management LLC acquired a new position in shares of Sportsman’s Warehouse in the 3rd quarter valued at approximately $2,565,000. GSA Capital Partners LLP boosted its holdings in shares of Sportsman’s Warehouse by 665.0% in the third quarter. GSA Capital Partners LLP now owns 544,373 shares of the company’s stock valued at $1,475,000 after buying an additional 473,212 shares during the period. American Century Companies Inc. increased its position in shares of Sportsman’s Warehouse by 32.0% during the second quarter. American Century Companies Inc. now owns 79,426 shares of the company’s stock worth $191,000 after acquiring an additional 19,237 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Sportsman’s Warehouse during the second quarter worth $384,000. Finally, Jane Street Group LLC raised its holdings in shares of Sportsman’s Warehouse by 16.6% during the third quarter. Jane Street Group LLC now owns 225,473 shares of the company’s stock worth $611,000 after acquiring an additional 32,073 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Sportsman’s Warehouse Company Profile

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.