Sportsman’s Warehouse (NASDAQ:SPWH) Upgraded by B. Riley to “Buy” Rating

Sportsman’s Warehouse (NASDAQ:SPWH) was upgraded by equities research analysts at B. Riley from a “neutral” rating to a “buy” rating in a report issued on Wednesday,Benzinga reports. The brokerage presently has a $4.00 price objective on the stock, up from their previous price objective of $2.00. B. Riley’s price target indicates a potential upside of 63.27% from the company’s current price.

A number of other research analysts also recently commented on SPWH. Robert W. Baird reduced 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 reduced their price target on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. StockNews.com raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, November 30th. Lake Street Capital reduced their target price on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Finally, Craig Hallum lowered their price target on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $3.20.

Sportsman’s Warehouse Stock Performance

Sportsman’s Warehouse stock opened at $2.45 on Wednesday. Sportsman’s Warehouse has a 52 week low of $1.81 and a 52 week 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 $92.73 million, a P/E ratio of -2.69 and a beta of 0.59. The stock has a 50 day moving average of $2.48 and a 200-day moving average of $2.52.

Hedge Funds Weigh In On Sportsman’s Warehouse

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Sportsman’s Warehouse by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 1,926,372 shares of the company’s stock worth $5,991,000 after purchasing an additional 33,976 shares during the period. Skylands Capital LLC grew its stake in Sportsman’s Warehouse by 44.6% during the 2nd quarter. Skylands Capital LLC now owns 194,000 shares of the company’s stock worth $468,000 after buying an additional 59,800 shares during the last quarter. American Century Companies Inc. increased its position in Sportsman’s Warehouse by 32.0% in the second quarter. American Century Companies Inc. now owns 79,426 shares of the company’s stock worth $191,000 after buying an additional 19,237 shares during the period. Steel Grove Capital Advisors LLC lifted its stake in 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 valued at $241,000 after buying an additional 10,000 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of Sportsman’s Warehouse during the second quarter valued at $40,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.