Sportsman’s Warehouse (NASDAQ:SPWH) Upgraded at StockNews.com

StockNews.com upgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a sell rating to a hold rating in a research report released on Saturday.

A number of other equities analysts also recently weighed in on the stock. Robert W. Baird lowered their target price 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, September 4th. B. Riley lowered 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. Craig Hallum cut their target price on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Roth Mkm lowered their target price on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a report on Tuesday, September 10th. Finally, Lake Street Capital cut their price target on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $2.80.

Sportsman’s Warehouse Stock Down 2.3 %

Shares of NASDAQ:SPWH opened at $2.14 on Friday. The business has a fifty day simple moving average of $2.57 and a 200 day simple moving average of $2.58. Sportsman’s Warehouse has a 12-month low of $1.81 and a 12-month high of $5.41. The firm has a market cap of $80.99 million, a P/E ratio of -2.35 and a beta of 0.66. 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 announced its earnings results on Tuesday, September 3rd. The company reported ($0.14) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $284.00 million. Analysts predict that Sportsman’s Warehouse will post -0.74 earnings per share for the current year.

Insiders Place Their Bets

In other Sportsman’s Warehouse news, CEO Paul Stone acquired 39,920 shares of the stock in a transaction on Monday, September 9th. The shares were purchased 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 in the company, valued at approximately $2,296,558.78. This represents a 4.62 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Mcbee acquired 20,000 shares of Sportsman’s Warehouse stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average price of $2.55 per share, with a total value of $51,000.00. Following the completion of the acquisition, the director now directly owns 205,608 shares of the company’s stock, valued at approximately $524,300.40. The trade was a 10.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Sportsman’s Warehouse

Several large investors have recently bought and sold shares of SPWH. Virtu Financial LLC purchased a new position in Sportsman’s Warehouse during the first quarter worth about $85,000. GSA Capital Partners LLP grew its holdings in shares of Sportsman’s Warehouse by 665.0% in the third quarter. GSA Capital Partners LLP now owns 544,373 shares of the company’s stock valued at $1,475,000 after acquiring an additional 473,212 shares in the last quarter. American Century Companies Inc. increased its position in shares of Sportsman’s Warehouse by 32.0% during the second quarter. American Century Companies Inc. now owns 79,426 shares of the company’s stock valued at $191,000 after acquiring an additional 19,237 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Sportsman’s Warehouse during the second quarter worth $384,000. Finally, Point72 DIFC Ltd purchased a new position in Sportsman’s Warehouse in the second quarter worth $40,000. 83.04% of the stock is currently owned by institutional investors.

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.