Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $2.80.

Several equities research analysts recently commented on the company. Lake Street Capital cut 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. Roth Mkm reduced their price target on shares of 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 decreased their target price on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a research note 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 on the stock in a report on Wednesday, September 4th. Finally, StockNews.com raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday.

Sportsman’s Warehouse Price Performance

NASDAQ:SPWH opened at $2.20 on Wednesday. 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 has a 12 month low of $1.81 and a 12 month high of $5.41. The firm has a market cap of $83.27 million, a P/E ratio of -2.42 and a beta of 0.59. The stock has a 50 day moving average of $2.54 and a two-hundred day moving average of $2.55.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its earnings results on Tuesday, September 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The business had revenue of $288.73 million for the quarter, compared to analysts’ expectations of $284.00 million. Sportsman’s Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. On average, analysts expect that Sportsman’s Warehouse will post -0.74 earnings per share for the current fiscal year.

Insider Activity at Sportsman’s Warehouse

In other news, Director Richard D. Mcbee acquired 20,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was bought at an average price 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 $524,300.40. This represents a 10.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Paul Stone purchased 39,920 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average cost of $2.54 per share, with a total value of $101,396.80. Following the completion of the acquisition, the chief executive officer now directly owns 904,157 shares of the company’s stock, valued at $2,296,558.78. This represents a 4.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Sportsman’s Warehouse

A number of institutional investors have recently modified their holdings of the business. FMR LLC grew its holdings in shares of Sportsman’s Warehouse by 3.3% during the third quarter. FMR LLC now owns 5,441,705 shares of the company’s stock worth $14,747,000 after buying an additional 174,858 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Sportsman’s Warehouse by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 1,926,372 shares of the company’s stock worth $5,991,000 after buying an additional 33,976 shares during the period. Portolan Capital Management LLC acquired a new position in shares of Sportsman’s Warehouse in the 3rd quarter valued at about $2,565,000. GSA Capital Partners LLP lifted its position in Sportsman’s Warehouse by 665.0% during the third quarter. GSA Capital Partners LLP now owns 544,373 shares of the company’s stock valued at $1,475,000 after buying an additional 473,212 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Sportsman’s Warehouse by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 434,022 shares of the company’s stock valued at $1,176,000 after acquiring an additional 10,058 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

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.