Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWHGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $3.00.

Several research analysts have recently issued reports on the company. B. Riley restated a “buy” rating and issued a $4.00 price objective (up from $3.00) on shares of Sportsman’s Warehouse in a research note on Wednesday, June 4th. Roth Capital restated a “buy” rating and issued a $3.00 price objective (up from $2.50) on shares of Sportsman’s Warehouse in a research note on Wednesday, June 4th. Roth Mkm reduced their price objective on Sportsman’s Warehouse from $3.50 to $2.50 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Finally, Craig Hallum upgraded Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research note on Wednesday, April 2nd.

Get Our Latest Stock Report on Sportsman’s Warehouse

Sportsman’s Warehouse Price Performance

Shares of NASDAQ SPWH opened at $3.75 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.08 and a current ratio of 1.17. The company has a market cap of $143.70 million, a PE ratio of -3.91 and a beta of 0.67. The business has a 50-day simple moving average of $2.78 and a two-hundred day simple moving average of $2.09. Sportsman’s Warehouse has a fifty-two week low of $0.92 and a fifty-two week high of $4.33.

Sportsman’s Warehouse (NASDAQ:SPWHGet Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.41) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.07. The business had revenue of $249.10 million during the quarter, compared to the consensus estimate of $238.25 million. Sportsman’s Warehouse had a negative return on equity of 7.65% and a negative net margin of 3.01%. During the same quarter last year, the company earned ($0.47) earnings per share. As a group, equities analysts expect that Sportsman’s Warehouse will post -0.65 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Richard D. Mcbee purchased 75,000 shares of Sportsman’s Warehouse stock in a transaction that occurred on Thursday, June 5th. The stock was bought at an average cost of $2.68 per share, for a total transaction of $201,000.00. Following the completion of the transaction, the director owned 339,886 shares in the company, valued at $910,894.48. The trade was a 28.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. R Squared Ltd boosted its stake in shares of Sportsman’s Warehouse by 153.2% in the first quarter. R Squared Ltd now owns 31,170 shares of the company’s stock worth $31,000 after acquiring an additional 18,860 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Sportsman’s Warehouse in the fourth quarter worth approximately $33,000. Mink Brook Asset Management LLC acquired a new stake in shares of Sportsman’s Warehouse in the fourth quarter worth approximately $41,000. Greenwood Gearhart Inc. acquired a new stake in shares of Sportsman’s Warehouse in the fourth quarter worth approximately $85,000. Finally, U S Wealth Group LLC. acquired a new stake in shares of Sportsman’s Warehouse in the fourth quarter worth approximately $138,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

About Sportsman’s Warehouse

(Get Free Report

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.

Further Reading

Analyst Recommendations for Sportsman's Warehouse (NASDAQ:SPWH)

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