Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives $4.40 Average PT from Brokerages

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $4.40.

A number of equities research analysts have recently weighed in on the company. Lake Street Capital lowered their target price on Sportsman’s Warehouse from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Roth Mkm assumed coverage on Sportsman’s Warehouse in a research note on Monday, June 3rd. They issued a “buy” rating and a $5.00 target price for the company. Craig Hallum lowered their target price on Sportsman’s Warehouse from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Wednesday, June 5th. Roth Capital raised Sportsman’s Warehouse to a “strong-buy” rating in a research note on Monday, June 3rd. Finally, B. Riley lowered their target price on Sportsman’s Warehouse from $4.50 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, April 4th.

Insider Buying and Selling at Sportsman’s Warehouse

In other Sportsman’s Warehouse news, Director Steven W. Sansom purchased 10,000 shares of the stock in a transaction on Wednesday, June 12th. The stock was acquired at an average price of $2.91 per share, with a total value of $29,100.00. Following the transaction, the director now directly owns 90,000 shares of the company’s stock, valued at approximately $261,900. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Sportsman’s Warehouse by 2,861.4% during the 3rd quarter. FMR LLC now owns 4,759,128 shares of the company’s stock worth $21,368,000 after acquiring an additional 4,598,421 shares during the period. Cannell Capital LLC grew its holdings in shares of Sportsman’s Warehouse by 0.7% during the 3rd quarter. Cannell Capital LLC now owns 3,715,808 shares of the company’s stock worth $16,684,000 after acquiring an additional 26,436 shares during the period. Vanguard Group Inc. grew its holdings in shares of Sportsman’s Warehouse by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 1,926,372 shares of the company’s stock worth $5,991,000 after acquiring an additional 33,976 shares during the period. Gabelli Funds LLC grew its holdings in shares of Sportsman’s Warehouse by 2.5% during the 1st quarter. Gabelli Funds LLC now owns 1,257,829 shares of the company’s stock worth $3,912,000 after acquiring an additional 31,000 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in shares of Sportsman’s Warehouse by 19.5% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 744,738 shares of the company’s stock worth $2,316,000 after acquiring an additional 121,731 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Stock Down 1.9 %

Shares of SPWH stock opened at $2.11 on Friday. The business has a 50-day moving average price of $3.03 and a two-hundred day moving average price of $3.48. Sportsman’s Warehouse has a 12-month low of $2.04 and a 12-month high of $6.34. The firm has a market cap of $79.65 million, a P/E ratio of -2.51 and a beta of 0.69.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results on Tuesday, June 4th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.14). Sportsman’s Warehouse had a negative return on equity of 10.25% and a negative net margin of 2.48%. The firm had revenue of $244.24 million for the quarter, compared to the consensus estimate of $248.36 million. During the same period last year, the firm earned ($0.39) EPS. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. As a group, research analysts expect that Sportsman’s Warehouse will post -0.24 EPS 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.