B. Riley Cuts Sportsman’s Warehouse (NASDAQ:SPWH) Price Target to $2.00

Sportsman’s Warehouse (NASDAQ:SPWH) had its target price reduced by research analysts at B. Riley from $4.00 to $2.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. B. Riley’s price target indicates a potential downside of 16.32% from the stock’s previous close.

Several other research firms also recently issued reports on SPWH. Robert W. Baird decreased 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. Craig Hallum decreased their target price on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Wednesday. Lake Street Capital dropped their price target on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday. Roth Capital upgraded Sportsman’s Warehouse to a “strong-buy” rating in a research note on Monday, June 3rd. Finally, Roth Mkm assumed coverage on shares of Sportsman’s Warehouse in a research report on Monday, June 3rd. They set a “buy” rating and a $5.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Sportsman’s Warehouse presently has a consensus rating of “Hold” and a consensus target price of $3.10.

Sportsman’s Warehouse Stock Up 7.2 %

SPWH stock opened at $2.39 on Wednesday. The stock has a market cap of $90.22 million, a price-to-earnings ratio of -2.85 and a beta of 0.69. Sportsman’s Warehouse has a fifty-two week low of $1.81 and a fifty-two week high of $5.55. The business has a 50 day moving average price of $2.23 and a 200 day moving average price of $2.89.

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

Insider Buying and Selling at Sportsman’s Warehouse

In related news, Director Steven W. Sansom bought 10,000 shares of the stock in a transaction on Wednesday, June 12th. The shares were bought at an average cost of $2.91 per share, for a total transaction of $29,100.00. Following the purchase, the director now owns 90,000 shares of the company’s stock, valued at approximately $261,900. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sportsman’s Warehouse

Several hedge funds have recently modified their holdings of SPWH. Vanguard Group Inc. raised its position in Sportsman’s Warehouse by 1.8% during 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 last quarter. Gabelli Funds LLC increased its stake 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 worth $3,912,000 after acquiring an additional 31,000 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in 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 worth $2,316,000 after purchasing an additional 121,731 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Sportsman’s Warehouse during the fourth quarter worth about $2,488,000. Finally, Gamco Investors INC. ET AL lifted its position in Sportsman’s Warehouse by 3.0% in the first quarter. Gamco Investors INC. ET AL now owns 517,325 shares of the company’s stock valued at $1,609,000 after purchasing an additional 15,200 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

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.