Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $3.45.

SPWH has been the topic of several recent analyst reports. Lake Street Capital boosted their price objective on shares of Sportsman’s Warehouse from $3.00 to $3.50 and gave the stock a “buy” rating in a research note on Friday, September 5th. Roth Capital lifted their price target on Sportsman’s Warehouse from $3.00 to $4.25 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Sportsman’s Warehouse in a research report on Wednesday, October 8th.

Sportsman’s Warehouse Trading Down 4.6%

Shares of Sportsman’s Warehouse stock opened at $2.08 on Thursday. The stock has a market cap of $79.93 million, a P/E ratio of -2.12 and a beta of 0.61. The company has a quick ratio of 0.06, a current ratio of 1.19 and a debt-to-equity ratio of 0.21. Sportsman’s Warehouse has a 12-month low of $0.92 and a 12-month high of $4.33. The business’s 50 day moving average is $2.78 and its 200-day moving average is $2.86.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its earnings results on Thursday, September 4th. The company reported ($0.12) earnings per share for the quarter, meeting the consensus estimate of ($0.12). Sportsman’s Warehouse had a negative net margin of 3.10% and a negative return on equity of 7.65%. The business had revenue of $293.90 million during the quarter, compared to analysts’ expectations of $291.56 million. Sportsman’s Warehouse has set its FY 2025 guidance at EPS. Equities research analysts predict that Sportsman’s Warehouse will post -0.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sportsman’s Warehouse news, Director Michael D. Tucci purchased 50,000 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The shares were acquired at an average price of $2.81 per share, for a total transaction of $140,500.00. Following the purchase, the director owned 73,113 shares in the company, valued at approximately $205,447.53. The trade was a 216.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Paul Stone acquired 59,979 shares of Sportsman’s Warehouse stock in a transaction on Friday, October 3rd. The shares were bought at an average cost of $2.80 per share, with a total value of $167,941.20. Following the completion of the transaction, the chief executive officer owned 1,110,602 shares of the company’s stock, valued at approximately $3,109,685.60. This trade represents a 5.71% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 143,279 shares of company stock valued at $390,609. 2.70% of the stock is owned by insiders.

Institutional Trading of Sportsman’s Warehouse

Several hedge funds and other institutional investors have recently modified their holdings of SPWH. Solas Capital Management LLC raised its holdings in Sportsman’s Warehouse by 67.3% in the 1st quarter. Solas Capital Management LLC now owns 1,852,091 shares of the company’s stock valued at $1,841,000 after acquiring an additional 744,954 shares during the period. Vanguard Group Inc. grew its position in shares of Sportsman’s Warehouse by 2.7% in the third quarter. Vanguard Group Inc. now owns 1,768,481 shares of the company’s stock valued at $4,899,000 after purchasing an additional 46,929 shares during the last quarter. JB Capital Partners LP grew its position in shares of Sportsman’s Warehouse by 6.1% in the second quarter. JB Capital Partners LP now owns 1,710,794 shares of the company’s stock valued at $5,902,000 after purchasing an additional 99,000 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Sportsman’s Warehouse by 23.2% during the second quarter. Marshall Wace LLP now owns 1,361,280 shares of the company’s stock worth $4,696,000 after purchasing an additional 256,768 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Sportsman’s Warehouse by 245.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,082,777 shares of the company’s stock worth $3,736,000 after purchasing an additional 769,051 shares during the period. Institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

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.