Sportsman’s Warehouse (NASDAQ:SPWH) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a sell rating to a hold rating in a research report released on Thursday morning.

Several other research firms have also recently weighed in on SPWH. Roth Mkm lowered their target price on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Robert W. Baird reduced their price target on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Lake Street Capital decreased their target price on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Craig Hallum reduced their price objective on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, B. Riley reduced their price objective on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Sportsman’s Warehouse currently has a consensus rating of “Moderate Buy” and a consensus price target of $2.80.

Sportsman’s Warehouse Price Performance

Sportsman’s Warehouse stock traded down $0.03 during midday trading on Thursday, hitting $2.20. The company’s stock had a trading volume of 32,410 shares, compared to its average volume of 438,005. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.10. The stock’s 50-day moving average price is $2.71 and its 200-day moving average price is $2.67. Sportsman’s Warehouse has a 12 month low of $1.81 and a 12 month high of $5.41. The company has a market capitalization of $83.27 million, a PE ratio of -2.45 and a beta of 0.66.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The business had revenue of $288.73 million during the quarter, compared to the consensus estimate of $284.00 million. Sportsman’s Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. Analysts anticipate that Sportsman’s Warehouse will post -0.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Paul Stone bought 39,920 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average price of $2.54 per share, with a total value of $101,396.80. Following the transaction, the chief executive officer now owns 904,157 shares in the company, valued at $2,296,558.78. This represents a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard D. Mcbee bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average cost of $2.55 per share, for a total transaction of $51,000.00. Following the transaction, the director now owns 205,608 shares in the company, valued at $524,300.40. The trade was a 10.78 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of Sportsman’s Warehouse during the 1st quarter worth approximately $85,000. GSA Capital Partners LLP boosted its stake in shares of Sportsman’s Warehouse by 665.0% during the 3rd quarter. GSA Capital Partners LLP now owns 544,373 shares of the company’s stock worth $1,475,000 after acquiring an additional 473,212 shares during the period. Empowered Funds LLC boosted its stake in shares of Sportsman’s Warehouse by 8.2% during the 1st quarter. Empowered Funds LLC now owns 106,328 shares of the company’s stock worth $331,000 after acquiring an additional 8,034 shares during the period. State Board of Administration of Florida Retirement System bought a new position in shares of Sportsman’s Warehouse during the 1st quarter worth approximately $38,000. Finally, American Century Companies Inc. boosted its stake in Sportsman’s Warehouse by 32.0% in the 2nd quarter. American Century Companies Inc. now owns 79,426 shares of the company’s stock valued at $191,000 after purchasing an additional 19,237 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.