B. Riley Reaffirms Buy Rating for Sportsman’s Warehouse (NASDAQ:SPWH)

B. Riley reaffirmed their buy rating on shares of Sportsman’s Warehouse (NASDAQ:SPWH) in a research report released on Wednesday,Benzinga reports. B. Riley currently has a $3.00 price target on the stock, down from their prior price target of $4.00.

A number of other equities research analysts have also commented on the company. Craig Hallum upgraded Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research report on Wednesday. Roth Mkm lowered their target price on Sportsman’s Warehouse from $3.50 to $2.50 and set a “buy” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $2.80.

Sportsman’s Warehouse Stock Performance

NASDAQ:SPWH opened at $1.91 on Wednesday. The firm has a market capitalization of $72.50 million, a PE ratio of -2.17 and a beta of 0.75. The company has a quick ratio of 0.06, a current ratio of 1.20 and a debt-to-equity ratio of 0.10. Sportsman’s Warehouse has a 12-month low of $0.92 and a 12-month high of $4.44. The firm has a 50-day moving average price of $1.52 and a 200 day moving average price of $2.17.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SPWH. Empowered Funds LLC increased its holdings in 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 purchasing an additional 6,225 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Sportsman’s Warehouse by 1.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 555,047 shares of the company’s stock valued at $1,482,000 after acquiring an additional 6,972 shares during the last quarter. SkyView Investment Advisors LLC raised its position in shares of 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 boosted its stake in Sportsman’s Warehouse by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 434,022 shares of the company’s stock worth $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 Sportsman’s Warehouse during the fourth quarter valued at approximately $33,000. 83.04% of the stock is currently owned by institutional investors.

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.