Analysts Set Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) PT at $2.80

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat Ratings reports. Three 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 company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $2.80.

SPWH has been the subject of a number of research analyst reports. Robert W. Baird reduced 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 Mkm reduced their target price on 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. StockNews.com cut Sportsman’s Warehouse from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. Lake Street Capital reduced their price objective 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. Finally, B. Riley dropped their price objective on shares of 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 Activity at Sportsman’s Warehouse

In related news, Director Richard D. Mcbee purchased 20,000 shares of the firm’s 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 completion of the transaction, the director now owns 205,608 shares of the company’s stock, valued at approximately $524,300.40. This trade represents a 10.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Paul Stone purchased 39,920 shares of the business’s stock in a transaction dated 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 acquisition, the chief executive officer now owns 904,157 shares in the company, valued at $2,296,558.78. This trade represents a 4.62 % increase in their position. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sportsman’s Warehouse

A number of hedge funds have recently made changes to their positions in SPWH. SkyView Investment Advisors LLC boosted its holdings in shares of Sportsman’s Warehouse by 5.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company’s stock valued at $500,000 after acquiring an additional 9,332 shares in the last quarter. Barclays PLC raised its position in Sportsman’s Warehouse by 25,025.0% in the third quarter. Barclays PLC now owns 38,190 shares of the company’s stock valued at $103,000 after purchasing an additional 38,038 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Sportsman’s Warehouse by 2.4% during the third quarter. Geode Capital Management LLC now owns 434,022 shares of the company’s stock valued at $1,176,000 after purchasing an additional 10,058 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Sportsman’s Warehouse during the third quarter valued at about $107,000. Finally, Jane Street Group LLC increased its stake in shares of Sportsman’s Warehouse by 16.6% in the third quarter. Jane Street Group LLC now owns 225,473 shares of the company’s stock valued at $611,000 after buying an additional 32,073 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Sportsman’s Warehouse Trading Down 2.3 %

Shares of 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 company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $2.57 and its 200-day moving average is $2.58. The stock has a market cap of $81.00 million, a P/E ratio of -2.35 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 (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Sportsman’s Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. The firm had revenue of $288.73 million for the quarter, compared to the consensus estimate of $284.00 million. Equities research analysts predict that Sportsman’s Warehouse will post -0.74 earnings per share for the current fiscal year.

Sportsman’s Warehouse Company Profile

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.