Roth Mkm Cuts Sportsman’s Warehouse (NASDAQ:SPWH) Price Target to $2.50

Sportsman’s Warehouse (NASDAQ:SPWH) had its price target dropped by research analysts at Roth Mkm from $3.50 to $2.50 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Roth Mkm’s price target would suggest a potential upside of 29.53% from the stock’s current price.

A number of other equities research analysts also recently weighed in on SPWH. B. Riley raised Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and raised their target price for the company from $2.00 to $4.00 in a report on Wednesday, December 11th. Craig Hallum upgraded Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $2.80.

Sportsman’s Warehouse Price Performance

Shares of NASDAQ SPWH traded up $0.97 during mid-day trading on Wednesday, reaching $1.93. The company had a trading volume of 92,791,964 shares, compared to its average volume of 901,401. The firm has a market cap of $73.26 million, a price-to-earnings ratio of -2.19 and a beta of 0.75. The business’s 50-day simple moving average is $1.53 and its 200 day simple moving average is $2.17. Sportsman’s Warehouse has a one year low of $0.92 and a one year high of $4.44. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.06 and a current ratio of 1.20.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its earnings results on Tuesday, April 1st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.12. The company had revenue of $340.40 million during the quarter, compared to analysts’ expectations of $328.67 million. Sportsman’s Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. On average, research analysts predict that Sportsman’s Warehouse will post -0.65 earnings per share for the current fiscal year.

Institutional Trading of Sportsman’s Warehouse

A number of hedge funds have recently made changes to their positions in SPWH. Empowered Funds LLC increased its stake in shares of Sportsman’s Warehouse by 5.2% in the fourth quarter. Empowered Funds LLC now owns 126,683 shares of the company’s stock valued at $338,000 after buying an additional 6,225 shares during the period. Gamco Investors INC. ET AL grew its holdings in Sportsman’s Warehouse by 1.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 555,047 shares of the company’s stock worth $1,482,000 after acquiring an additional 6,972 shares during the last quarter. SkyView Investment Advisors LLC increased its position in Sportsman’s Warehouse by 5.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company’s stock valued at $500,000 after acquiring an additional 9,332 shares during the period. Geode Capital Management LLC raised its stake in shares of 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 acquiring an additional 10,058 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Sportsman’s Warehouse during the fourth quarter worth $33,000. 83.04% of the stock is 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.