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

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have received an average rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com 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 1 year price target among brokerages that have issued a report on the stock in the last year is $2.80.

SPWH has been the subject of a number of analyst reports. Roth Mkm reduced their price objective on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a report on Tuesday, September 10th. Lake Street Capital dropped their price target on shares of Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Craig Hallum decreased 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. Robert W. Baird dropped their target price 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. Finally, StockNews.com upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday.

Insiders Place Their Bets

In other Sportsman’s Warehouse news, CEO Paul Stone bought 39,920 shares of the stock in a transaction dated Monday, September 9th. The stock was bought at an average cost of $2.54 per share, for a total transaction of $101,396.80. Following the completion of the purchase, the chief executive officer now owns 904,157 shares in the company, valued at $2,296,558.78. This represents a 4.62 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard D. Mcbee purchased 20,000 shares of Sportsman’s Warehouse stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Sportsman’s Warehouse

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ground Swell Capital LLC bought a new position in Sportsman’s Warehouse in the third quarter valued at about $28,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Sportsman’s Warehouse during the 1st quarter worth approximately $38,000. Point72 DIFC Ltd bought a new stake in shares of Sportsman’s Warehouse during the second quarter worth approximately $40,000. Abacus Planning Group Inc. acquired a new position in Sportsman’s Warehouse in the third quarter valued at approximately $55,000. Finally, Virtu Financial LLC bought a new position in Sportsman’s Warehouse in the first quarter valued at approximately $85,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Trading Down 2.3 %

Sportsman’s Warehouse stock opened at $2.14 on Wednesday. Sportsman’s Warehouse has a 12 month low of $1.81 and a 12 month high of $5.41. The stock has a market cap of $81.00 million, a price-to-earnings ratio of -2.35 and a beta of 0.66. The business has a 50 day moving average price of $2.57 and a two-hundred day moving average price of $2.57. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.10.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its earnings results on Tuesday, September 3rd. The company reported ($0.14) EPS 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 firm had revenue of $288.73 million during the quarter, compared to analyst estimates of $284.00 million. As a group, equities analysts forecast that Sportsman’s Warehouse will post -0.74 EPS 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.