Sportsman’s Warehouse (NASDAQ:SPWH) PT Lowered to $4.00

Sportsman’s Warehouse (NASDAQ:SPWHGet Free Report) had its target price lowered by equities research analysts at Craig Hallum from $5.00 to $4.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Craig Hallum’s price target points to a potential upside of 24.61% from the stock’s previous close.

SPWH has been the topic of several other research reports. Roth Mkm assumed coverage on Sportsman’s Warehouse in a report on Monday. They issued a “buy” rating and a $5.00 price target on the stock. Robert W. Baird cut their price target on Sportsman’s Warehouse from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, April 4th. B. Riley lowered their target price on Sportsman’s Warehouse from $4.50 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, April 4th. Finally, Roth Capital upgraded Sportsman’s Warehouse to a “strong-buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Sportsman’s Warehouse presently has an average rating of “Hold” and a consensus target price of $4.40.

Check Out Our Latest Stock Report on Sportsman’s Warehouse

Sportsman’s Warehouse Stock Down 3.7 %

NASDAQ:SPWH opened at $3.21 on Wednesday. The business’s 50 day moving average is $3.34 and its two-hundred day moving average is $3.79. Sportsman’s Warehouse has a 52 week low of $2.74 and a 52 week high of $6.34. The company has a market cap of $120.78 million, a PE ratio of -3.82 and a beta of 0.73.

Sportsman’s Warehouse (NASDAQ:SPWHGet Free Report) last released its earnings results on Tuesday, June 4th. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.14). The firm had revenue of $244.24 million for the quarter, compared to the consensus estimate of $248.36 million. Sportsman’s Warehouse had a negative return on equity of 10.03% and a negative net margin of 2.48%. The company’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.39) EPS. As a group, sell-side analysts expect that Sportsman’s Warehouse will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Sportsman’s Warehouse

Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in shares of Sportsman’s Warehouse in the first quarter worth about $85,000. Kennedy Capital Management LLC bought a new position in Sportsman’s Warehouse during the first quarter valued at about $187,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Sportsman’s Warehouse by 19.5% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 744,738 shares of the company’s stock valued at $2,316,000 after acquiring an additional 121,731 shares during the period. Gabelli Funds LLC increased its stake in Sportsman’s Warehouse by 2.5% during the first quarter. Gabelli Funds LLC now owns 1,257,829 shares of the company’s stock valued at $3,912,000 after acquiring an additional 31,000 shares during the period. Finally, Teton Advisors Inc. increased its stake in Sportsman’s Warehouse by 11.7% during the first quarter. Teton Advisors Inc. now owns 67,000 shares of the company’s stock valued at $208,000 after acquiring an additional 7,000 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Sportsman’s Warehouse Company Profile

(Get Free Report)

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.

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

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