Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives $2.80 Average Target Price from Analysts

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $2.80.

A number of equities analysts have recently issued reports on SPWH shares. Robert W. Baird dropped their price objective on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Lake Street Capital cut their price target on shares of Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Roth Mkm lowered their price objective on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. B. Riley dropped their target price on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Finally, Roth Capital raised Sportsman’s Warehouse to a “strong-buy” rating in a research note on Monday, June 3rd.

Insider Buying and Selling at Sportsman’s Warehouse

In related news, CEO Paul Stone acquired 39,920 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was purchased at an average price of $2.54 per share, for a total transaction of $101,396.80. Following the transaction, the chief executive officer now directly owns 904,157 shares of the company’s stock, valued at approximately $2,296,558.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sportsman’s Warehouse news, Director Richard D. Mcbee bought 20,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were bought at an average cost of $2.55 per share, for a total transaction of $51,000.00. Following the transaction, the director now owns 205,608 shares in the company, valued at approximately $524,300.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Paul Stone bought 39,920 shares of Sportsman’s Warehouse stock in a transaction dated Monday, September 9th. The stock was acquired at an average cost of $2.54 per share, for a total transaction of $101,396.80. Following the purchase, the chief executive officer now directly owns 904,157 shares in the company, valued at approximately $2,296,558.78. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Sportsman’s Warehouse

Large investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System acquired a new position in Sportsman’s Warehouse in the first quarter valued at about $38,000. Point72 DIFC Ltd bought a new stake in shares of Sportsman’s Warehouse in the 2nd quarter valued at about $40,000. Virtu Financial LLC acquired a new stake in shares of Sportsman’s Warehouse in the 1st quarter valued at approximately $85,000. Quadrature Capital Ltd bought a new position in Sportsman’s Warehouse during the 4th quarter worth approximately $88,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Sportsman’s Warehouse during the second quarter valued at approximately $146,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Sportsman’s Warehouse Stock Performance

Shares of NASDAQ SPWH opened at $3.08 on Friday. The firm has a market capitalization of $116.26 million, a price-to-earnings ratio of -3.67 and a beta of 0.67. Sportsman’s Warehouse has a one year low of $1.81 and a one year high of $5.55. The business has a fifty day simple moving average of $2.31 and a 200 day simple moving average of $2.81. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10.

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.