Sportsman’s Warehouse’s (SPWH) Buy Rating Reiterated at B. Riley

B. Riley reissued their buy rating on shares of Sportsman’s Warehouse (NASDAQ:SPWH) in a research note published on Wednesday morning,Benzinga reports. B. Riley currently has a $4.00 price target on the stock, up from their prior price target of $3.00. B. Riley also issued estimates for Sportsman’s Warehouse’s Q3 2026 earnings at $0.10 EPS and Q4 2026 earnings at $0.05 EPS.

Several other brokerages also recently commented on SPWH. Roth Mkm decreased their price target on Sportsman’s Warehouse from $3.50 to $2.50 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Craig Hallum raised Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a research note on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $3.00.

Sportsman’s Warehouse Stock Up 14.8%

SPWH opened at $3.02 on Wednesday. The firm has a market cap of $115.63 million, a price-to-earnings ratio of -3.43 and a beta of 0.55. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.06 and a current ratio of 1.20. The firm’s 50-day simple moving average is $1.81 and its 200-day simple moving average is $1.87. Sportsman’s Warehouse has a twelve month low of $0.92 and a twelve month high of $3.37.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.07. The firm had revenue of $249.10 million for the quarter, compared to analyst estimates of $238.25 million. Sportsman’s Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. During the same period in the previous year, the business earned ($0.47) earnings per share. Equities research analysts anticipate that Sportsman’s Warehouse will post -0.65 EPS for the current fiscal year.

Insider Activity at Sportsman’s Warehouse

In other news, Director Richard D. Mcbee bought 75,000 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was bought at an average price of $2.68 per share, for a total transaction of $201,000.00. Following the completion of the transaction, the director now directly owns 339,886 shares in the company, valued at $910,894.48. The trade was a 28.31% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sportsman’s Warehouse

Several hedge funds have recently added to or reduced their stakes in SPWH. R Squared Ltd lifted its position in Sportsman’s Warehouse by 153.2% during the 1st quarter. R Squared Ltd now owns 31,170 shares of the company’s stock valued at $31,000 after purchasing an additional 18,860 shares during the period. Balyasny Asset Management L.P. bought a new stake in shares of Sportsman’s Warehouse during the fourth quarter worth approximately $33,000. Mink Brook Asset Management LLC acquired a new position in Sportsman’s Warehouse in the fourth quarter valued at approximately $41,000. Greenwood Gearhart Inc. acquired a new position in Sportsman’s Warehouse in the fourth quarter valued at approximately $85,000. Finally, U S Wealth Group LLC. bought a new position in Sportsman’s Warehouse in the fourth quarter valued at approximately $138,000. Institutional investors own 83.04% of the company’s stock.

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.