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

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have been given an average rating of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $2.80.

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

Insider Transactions at Sportsman’s Warehouse

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

Institutional Trading of Sportsman’s Warehouse

Several hedge funds have recently modified their holdings of the stock. Fund 1 Investments LLC acquired a new stake in Sportsman’s Warehouse in the 4th quarter valued at about $375,000. GSA Capital Partners LLP purchased a new position in Sportsman’s Warehouse in the fourth quarter worth approximately $2,488,000. Quadrature Capital Ltd acquired a new position in Sportsman’s Warehouse during the 4th quarter worth approximately $88,000. Empowered Funds LLC grew its holdings in Sportsman’s Warehouse by 8.2% during 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 in the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Sportsman’s Warehouse in the 1st quarter valued at approximately $38,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Sportsman’s Warehouse Price Performance

Shares of NASDAQ SPWH opened at $2.82 on Tuesday. The firm has a 50-day simple moving average of $2.45 and a 200-day simple moving average of $2.77. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $106.74 million, a price-to-earnings ratio of -3.10 and a beta of 0.67. Sportsman’s Warehouse has a 52 week low of $1.81 and a 52 week high of $5.55.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its 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). The business had revenue of $288.73 million during the quarter, compared to analysts’ expectations of $284.00 million. Sportsman’s Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. On average, equities analysts predict that Sportsman’s Warehouse will post -0.74 earnings per share for the current fiscal 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.