Sportsman’s Warehouse (NASDAQ:SPWH) Research Coverage Started at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH began coverage on shares of Sportsman’s Warehouse (NASDAQ:SPWH) in a report issued on Tuesday, MarketBeat reports. The firm issued a buy rating and a $2.60 price target on the stock.

A number of other brokerages have also weighed in on SPWH. Weiss Ratings lowered shares of Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 30th. Zacks Research downgraded Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $2.28.

Sportsman’s Warehouse Price Performance

Shares of SPWH stock opened at $1.10 on Tuesday. Sportsman’s Warehouse has a 1-year low of $1.03 and a 1-year high of $2.56. The company has a current ratio of 1.17, a quick ratio of 0.07 and a debt-to-equity ratio of 0.27. The firm’s 50-day simple moving average is $1.14 and its 200-day simple moving average is $1.27.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its earnings results on Tuesday, September 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. Sportsman’s Warehouse had a negative net margin of 3.94% and a negative return on equity of 10.50%. The firm had revenue of $295.58 million during the quarter, compared to the consensus estimate of $295.05 million. As a group, research analysts anticipate that Sportsman’s Warehouse will post -0.31 earnings per share for the current year.

Institutional Trading of Sportsman’s Warehouse

Several large investors have recently modified their holdings of the business. Two Sigma Securities LLC purchased a new position in Sportsman’s Warehouse in the second quarter valued at about $25,000. Squarepoint Ops LLC bought a new position in Sportsman’s Warehouse during the 2nd quarter valued at $28,000. Teton Advisors LLC boosted its stake in Sportsman’s Warehouse by 14.3% during the 1st quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock valued at $113,000 after acquiring an additional 10,000 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Sportsman’s Warehouse during the 1st quarter worth $170,000. Finally, Empowered Funds LLC grew its holdings in Sportsman’s Warehouse by 5.6% during the 1st quarter. Empowered Funds LLC now owns 203,195 shares of the company’s stock worth $287,000 after acquiring an additional 10,837 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse Holdings, Inc (NASDAQ:SPWH) operates a specialty outdoor sporting goods retailer serving hunting, shooting, fishing, camping, hiking and other outdoor recreation markets. The company sells products through its retail stores and e-commerce platform, offering merchandise for outdoor enthusiasts as well as equipment and supplies for recreational and competitive sportsmen and women.

Its product assortment generally includes firearms, ammunition, archery equipment, fishing tackle, camping gear, outdoor apparel, footwear, optics, knives and related accessories.