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

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. Three 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 issued a report on the stock in the last year is $2.80.

Several equities analysts have recently weighed in on SPWH shares. Craig Hallum cut their price objective on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. StockNews.com raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Tuesday. B. Riley reduced their price objective on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Robert W. Baird dropped their target price on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Finally, Roth Mkm reduced their price target on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a research report on Tuesday, September 10th.

Insiders Place Their Bets

In related news, Director Richard D. Mcbee acquired 20,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was bought at an average price of $2.55 per share, with a total value of $51,000.00. Following the acquisition, the director now owns 205,608 shares in the company, valued at $524,300.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Sportsman’s Warehouse news, CEO Paul Stone purchased 39,920 shares of Sportsman’s Warehouse stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average price of $2.54 per share, for a total transaction of $101,396.80. Following the completion of the acquisition, the chief executive officer now owns 904,157 shares of the company’s stock, valued at approximately $2,296,558.78. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard D. Mcbee acquired 20,000 shares of the company’s stock in a transaction on 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 purchase, the director now directly owns 205,608 shares of the company’s stock, valued at approximately $524,300.40. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SPWH. Empowered Funds LLC increased its holdings in shares of Sportsman’s Warehouse by 8.2% in the first quarter. Empowered Funds LLC now owns 106,328 shares of the company’s stock valued at $331,000 after purchasing an additional 8,034 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new position in Sportsman’s Warehouse in the 1st quarter valued at about $38,000. Vanguard Group Inc. raised its holdings in Sportsman’s Warehouse by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 1,926,372 shares of the company’s stock valued at $5,991,000 after acquiring an additional 33,976 shares during the period. Gamco Investors INC. ET AL lifted its position in Sportsman’s Warehouse by 3.0% during the first quarter. Gamco Investors INC. ET AL now owns 517,325 shares of the company’s stock worth $1,609,000 after acquiring an additional 15,200 shares during the last quarter. Finally, Teton Advisors Inc. lifted its position in Sportsman’s Warehouse by 11.7% during the first quarter. Teton Advisors Inc. now owns 67,000 shares of the company’s stock worth $208,000 after acquiring an additional 7,000 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Sportsman’s Warehouse Stock Performance

Sportsman’s Warehouse stock opened at $2.69 on Friday. Sportsman’s Warehouse has a 1 year low of $1.81 and a 1 year high of $5.41. The company’s 50-day moving average is $2.69 and its two-hundred day moving average is $2.70. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. The company has a market cap of $101.82 million, a PE ratio of -2.96 and a beta of 0.66.

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

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.