Sportsman’s Warehouse (NASDAQ:SPWH) Upgraded at B. Riley

B. Riley upgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a neutral rating to a buy rating in a research report sent to investors on Wednesday morning, MarketBeat.com reports. B. Riley currently has $4.00 price target on the stock, up from their previous price target of $2.00. B. Riley also issued estimates for Sportsman’s Warehouse’s FY2027 earnings at ($0.04) EPS.

SPWH has been the subject of several other reports. Lake Street Capital reduced their price target on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Craig Hallum reduced their target price on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Robert W. Baird cut their price target on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. StockNews.com upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, November 30th. Finally, Roth Mkm cut their target price on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $3.20.

Sportsman’s Warehouse Price Performance

Shares of NASDAQ:SPWH opened at $2.59 on Wednesday. The firm has a market cap of $98.03 million, a price-to-earnings ratio of -2.94 and a beta of 0.59. Sportsman’s Warehouse has a 1 year low of $1.81 and a 1 year 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 business has a fifty day simple moving average of $2.48 and a 200 day simple moving average of $2.51.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Sportsman’s Warehouse by 1.8% in the first 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 increased its position in Sportsman’s Warehouse by 44.6% in 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 period. American Century Companies Inc. lifted its holdings in shares of Sportsman’s Warehouse by 32.0% during 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 last quarter. Steel Grove Capital Advisors LLC boosted its position in shares of 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 acquiring an additional 10,000 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in shares of Sportsman’s Warehouse in the second quarter worth $40,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.