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

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

Several research analysts recently weighed in on SPWH shares. Craig Hallum cut their target price on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Roth Mkm lowered their price target on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a report on Tuesday. Robert W. Baird lowered their price target on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Roth Capital upgraded Sportsman’s Warehouse to a “strong-buy” rating in a report on Monday, June 3rd. Finally, Lake Street Capital lowered 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.

Sportsman’s Warehouse Trading Up 4.3 %

Shares of SPWH stock opened at $2.65 on Friday. The firm has a 50-day moving average price of $2.24 and a 200 day moving average price of $2.84. Sportsman’s Warehouse has a twelve month low of $1.81 and a twelve month high of $5.55. The company has a market capitalization of $100.03 million, a price-to-earnings ratio of -3.15 and a beta of 0.67. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10.

Insider Transactions at Sportsman’s Warehouse

In other news, Director Richard D. Mcbee bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average price of $2.55 per share, for a total transaction of $51,000.00. Following the acquisition, the director now owns 205,608 shares of the company’s stock, valued at $524,300.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Richard D. Mcbee bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average price of $2.55 per share, for a total transaction of $51,000.00. Following the acquisition, the director now owns 205,608 shares of the company’s stock, valued at $524,300.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Paul Stone bought 39,920 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were purchased at an average price of $2.54 per share, with a total value of $101,396.80. Following the acquisition, 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. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Sportsman’s Warehouse

Institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP purchased a new position in Sportsman’s Warehouse in the 4th quarter worth approximately $2,488,000. Virtu Financial LLC purchased a new position in Sportsman’s Warehouse in the 1st quarter worth approximately $85,000. Empowered Funds LLC boosted its holdings in Sportsman’s Warehouse by 8.2% in the 1st quarter. Empowered Funds LLC now owns 106,328 shares of the company’s stock worth $331,000 after acquiring an additional 8,034 shares during the period. Quadrature Capital Ltd purchased a new position in Sportsman’s Warehouse in the 4th quarter worth approximately $88,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in Sportsman’s Warehouse in the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

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.