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

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold 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 $2.8750.

SPWH has been the topic of several research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research note on Monday, December 1st. Roth Capital lowered their target price on Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating for the company in a report on Friday. Lake Street Capital increased their price target on Sportsman’s Warehouse from $3.00 to $3.50 and gave the stock a “buy” rating in a research report on Friday, September 5th. Finally, Robert W. Baird cut their price target on Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating on the stock in a report on Friday.

Sportsman’s Warehouse Stock Performance

Shares of SPWH opened at $1.72 on Monday. The stock has a market capitalization of $66.19 million, a PE ratio of -1.77 and a beta of 0.60. The business’s fifty day moving average price is $2.44 and its 200 day moving average price is $2.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 0.06. Sportsman’s Warehouse has a 12-month low of $0.92 and a 12-month high of $4.33.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its earnings results on Thursday, December 4th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Sportsman’s Warehouse had a negative return on equity of 7.20% and a negative net margin of 3.05%.The business had revenue of $331.32 million for the quarter, compared to analyst estimates of $331.11 million. Equities research analysts forecast that Sportsman’s Warehouse will post -0.65 EPS for the current year.

Insider Buying and Selling at Sportsman’s Warehouse

In other news, Director Michael D. Tucci purchased 50,000 shares of the stock in a transaction dated Friday, October 3rd. The stock was acquired at an average price of $2.81 per share, for a total transaction of $140,500.00. Following the completion of the transaction, the director owned 73,113 shares of the company’s stock, valued at approximately $205,447.53. The trade was a 216.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Paul Stone bought 59,979 shares of Sportsman’s Warehouse stock in a transaction on Friday, October 3rd. The shares were purchased at an average cost of $2.80 per share, with a total value of $167,941.20. Following the completion of the purchase, the chief executive officer directly owned 1,110,602 shares in the company, valued at $3,109,685.60. This trade represents a 5.71% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 143,279 shares of company stock worth $390,609. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Sportsman’s Warehouse

A number of hedge funds have recently made changes to their positions in the business. Solas Capital Management LLC boosted its position in shares of Sportsman’s Warehouse by 67.3% during the first quarter. Solas Capital Management LLC now owns 1,852,091 shares of the company’s stock worth $1,841,000 after buying an additional 744,954 shares during the period. Union Square Park Capital Management LLC raised its stake in Sportsman’s Warehouse by 11.4% during the 3rd quarter. Union Square Park Capital Management LLC now owns 1,782,023 shares of the company’s stock valued at $4,936,000 after acquiring an additional 182,023 shares in the last quarter. Vanguard Group Inc. boosted its position in Sportsman’s Warehouse by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,768,481 shares of the company’s stock worth $4,899,000 after acquiring an additional 46,929 shares during the period. JB Capital Partners LP grew its stake 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 worth $5,902,000 after purchasing an additional 99,000 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Sportsman’s Warehouse by 23.2% in 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 in the last quarter. 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.