Craig Hallum Cuts Sportsman’s Warehouse (NASDAQ:SPWH) Price Target to $3.00

Sportsman’s Warehouse (NASDAQ:SPWH) had its target price reduced by Craig Hallum from $4.00 to $3.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a hold rating on the stock.

A number of other brokerages have also recently weighed in on SPWH. Lake Street Capital reduced their price target on shares of Sportsman’s Warehouse from $6.00 to $5.00 and set a buy rating on the stock in a research note on Wednesday, June 5th. Roth Mkm assumed coverage on shares of Sportsman’s Warehouse in a research report on Monday, June 3rd. They set a buy rating and a $5.00 price target on the stock. Robert W. Baird dropped their price objective on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a neutral rating for the company in a report on Wednesday. Finally, Roth Capital raised Sportsman’s Warehouse to a strong-buy rating in a research report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned 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 Hold and a consensus target price of $3.10.

Sportsman’s Warehouse Stock Up 6.7 %

SPWH stock opened at $2.23 on Wednesday. Sportsman’s Warehouse has a 52-week low of $1.81 and a 52-week high of $5.55. The stock has a market cap of $84.18 million, a price-to-earnings ratio of -2.65 and a beta of 0.69. The business has a fifty day moving average of $2.23 and a two-hundred day moving average of $2.89.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data 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). Sportsman’s Warehouse had a negative return on equity of 10.25% and a negative net margin of 2.48%. The business had revenue of $244.24 million for the quarter, compared to analyst estimates of $248.36 million. During the same period in the previous year, the business posted ($0.39) earnings per share. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sportsman’s Warehouse will post -0.24 EPS for the current year.

Insider Activity at Sportsman’s Warehouse

In other Sportsman’s Warehouse news, Director Steven W. Sansom acquired 10,000 shares of the stock in a transaction dated Wednesday, June 12th. The stock was acquired at an average cost of $2.91 per share, with a total value of $29,100.00. Following the transaction, the director now owns 90,000 shares in the company, valued at approximately $261,900. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sportsman’s Warehouse

Several institutional investors have recently added to or reduced their stakes in SPWH. GSA Capital Partners LLP acquired a new stake in Sportsman’s Warehouse during the fourth quarter worth approximately $2,488,000. Cubist Systematic Strategies LLC acquired a new stake in Sportsman’s Warehouse during the 2nd quarter worth $384,000. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in Sportsman’s Warehouse by 19.5% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 744,738 shares of the company’s stock valued at $2,316,000 after acquiring an additional 121,731 shares during the last quarter. CastleKnight Management LP acquired a new position in Sportsman’s Warehouse in the fourth quarter valued at $384,000. Finally, Fund 1 Investments LLC purchased a new position in shares of Sportsman’s Warehouse during the fourth quarter worth about $375,000. Hedge funds and other institutional investors 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.