Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives $4.40 Average PT from Analysts

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $4.40.

Several brokerages have issued reports on SPWH. Lake Street Capital dropped their price target on Sportsman’s Warehouse from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Craig Hallum lowered their price objective on shares of Sportsman’s Warehouse from $5.00 to $4.00 and set a “hold” rating for the company in a report on Wednesday, June 5th. Robert W. Baird reduced their target price on shares of Sportsman’s Warehouse from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, April 4th. Roth Capital raised shares of Sportsman’s Warehouse to a “strong-buy” rating in a research note on Monday, June 3rd. Finally, B. Riley decreased their price objective on Sportsman’s Warehouse from $4.50 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, April 4th.

Sportsman’s Warehouse Stock Down 3.6 %

Shares of NASDAQ SPWH opened at $2.15 on Friday. The stock’s 50-day simple moving average is $3.08 and its two-hundred day simple moving average is $3.50. Sportsman’s Warehouse has a twelve month low of $2.04 and a twelve month high of $6.34. The firm has a market capitalization of $81.16 million, a P/E ratio of -2.56 and a beta of 0.69.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Tuesday, June 4th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.14). Sportsman’s Warehouse had a negative net margin of 2.48% and a negative return on equity of 10.25%. The company had revenue of $244.24 million during the quarter, compared to analysts’ expectations of $248.36 million. During the same period in the prior year, the business earned ($0.39) earnings per share. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. As a group, research analysts anticipate that Sportsman’s Warehouse will post -0.24 EPS for the current fiscal year.

Insider Transactions at Sportsman’s Warehouse

In other Sportsman’s Warehouse news, Director Steven W. Sansom purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was bought at an average price of $2.91 per share, with a total value of $29,100.00. Following the completion of the purchase, the director now directly owns 90,000 shares of the company’s stock, valued at approximately $261,900. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Sportsman’s Warehouse

Several large investors have recently bought and sold shares of SPWH. Virtu Financial LLC bought a new stake in shares of Sportsman’s Warehouse during the 1st quarter valued at $85,000. Kennedy Capital Management LLC bought a new stake in Sportsman’s Warehouse during the first quarter worth about $187,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Sportsman’s Warehouse by 19.5% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 744,738 shares of the company’s stock valued at $2,316,000 after purchasing an additional 121,731 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Sportsman’s Warehouse by 2.5% during the first quarter. Gabelli Funds LLC now owns 1,257,829 shares of the company’s stock valued at $3,912,000 after purchasing an additional 31,000 shares during the last quarter. Finally, Teton Advisors Inc. boosted its position in shares of Sportsman’s Warehouse by 11.7% in the 1st quarter. Teton Advisors Inc. now owns 67,000 shares of the company’s stock worth $208,000 after purchasing an additional 7,000 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

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.