Craig Hallum Trims Sportsman’s Warehouse (NASDAQ:SPWH) Target Price to $3.00

Sportsman’s Warehouse (NASDAQ:SPWH) had its price objective reduced by Craig Hallum from $4.00 to $3.00 in a research note published on Wednesday morning, Benzinga reports. Craig Hallum currently has a hold rating on the stock.

A number of other equities research analysts have also weighed in on SPWH. Lake Street Capital reduced their price objective on shares of Sportsman’s Warehouse from $6.00 to $5.00 and set a buy rating on the stock in a report on Wednesday, June 5th. Roth Mkm assumed coverage on Sportsman’s Warehouse in a report on Monday, June 3rd. They set a buy rating and a $5.00 price target for the company. Robert W. Baird dropped their price objective on Sportsman’s Warehouse from $4.00 to $2.50 and set a neutral rating on the stock in a report on Wednesday. Finally, Roth Capital upgraded Sportsman’s Warehouse to a strong-buy rating in a research note on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $3.10.

Sportsman’s Warehouse Price Performance

Shares of NASDAQ:SPWH opened at $2.39 on Wednesday. Sportsman’s Warehouse has a fifty-two week low of $1.81 and a fifty-two week high of $5.55. The firm’s 50 day moving average price is $2.23 and its 200 day moving average price is $2.87. The stock has a market cap of $90.22 million, a price-to-earnings ratio of -2.85 and a beta of 0.67.

Insider Buying and Selling

In other news, Director Steven W. Sansom acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was acquired at an average cost of $2.91 per share, with a total value of $29,100.00. Following the completion of the acquisition, the director now owns 90,000 shares of the company’s stock, valued at $261,900. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Sportsman’s Warehouse

Large investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System purchased a new stake in shares of Sportsman’s Warehouse in the first quarter valued at about $38,000. Point72 DIFC Ltd acquired a new stake in Sportsman’s Warehouse during the 2nd quarter worth approximately $40,000. Virtu Financial LLC purchased a new position in shares of Sportsman’s Warehouse in the 1st quarter valued at approximately $85,000. Quadrature Capital Ltd acquired a new position in shares of Sportsman’s Warehouse in the fourth quarter valued at approximately $88,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Sportsman’s Warehouse during the second quarter worth approximately $146,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

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.