Sportsman’s Warehouse (NASDAQ:SPWH) PT Lowered to $2.00 at B. Riley

Sportsman’s Warehouse (NASDAQ:SPWH) had its price objective reduced by B. Riley from $4.00 to $2.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a neutral rating on the stock. B. Riley also issued estimates for Sportsman’s Warehouse’s Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.71) EPS and FY2026 earnings at ($0.34) EPS.

A number of other research firms have also issued reports on SPWH. Roth Mkm assumed coverage on Sportsman’s Warehouse in a report on Monday, June 3rd. They issued a buy rating and a $5.00 target price on the stock. Roth Capital raised shares of Sportsman’s Warehouse to a strong-buy rating in a research note on Monday, June 3rd. Craig Hallum reduced their target price on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a hold rating for the company in a research note on Wednesday. Robert W. Baird lowered their target price on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a neutral rating on the stock in a report on Wednesday. Finally, Lake Street Capital cut their price target on shares of Sportsman’s Warehouse from $5.00 to $3.00 and set a buy rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $3.10.

Sportsman’s Warehouse Stock Performance

Shares of Sportsman’s Warehouse stock opened at $2.39 on Wednesday. The company has a market capitalization of $90.22 million, a P/E ratio of -2.85 and a beta of 0.69. Sportsman’s Warehouse has a 1 year low of $1.81 and a 1 year high of $5.55. The company’s fifty day moving average is $2.23 and its two-hundred day moving average is $2.87.

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

Insider Activity

In related news, Director Steven W. Sansom acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were purchased at an average price of $2.91 per share, with a total value of $29,100.00. Following the completion of the acquisition, the director now owns 90,000 shares in the company, valued at $261,900. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Sportsman’s Warehouse

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CastleKnight Management LP purchased a new position in Sportsman’s Warehouse in the 4th quarter valued at approximately $384,000. Fund 1 Investments LLC acquired a new stake in Sportsman’s Warehouse in the fourth quarter valued at $375,000. GSA Capital Partners LLP purchased a new position in shares of Sportsman’s Warehouse in the fourth quarter valued at $2,488,000. Quadrature Capital Ltd acquired a new position in shares of Sportsman’s Warehouse during the 4th quarter worth $88,000. Finally, Empowered Funds LLC boosted its position in shares of Sportsman’s Warehouse by 8.2% in the 1st quarter. Empowered Funds LLC now owns 106,328 shares of the company’s stock worth $331,000 after buying an additional 8,034 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

About Sportsman’s Warehouse

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.