B. Riley Lowers Sportsman’s Warehouse (NASDAQ:SPWH) Price Target to $2.00

Sportsman’s Warehouse (NASDAQ:SPWH) had its price target dropped by equities research analysts at B. Riley from $4.00 to $2.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. B. Riley’s target price would indicate a potential downside of 16.32% from the stock’s previous close.

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

Sportsman’s Warehouse Stock Performance

SPWH opened at $2.39 on Wednesday. The stock has a market capitalization of $90.22 million, a PE ratio of -2.85 and a beta of 0.69. Sportsman’s Warehouse has a one year low of $1.81 and a one year high of $5.55. The business’s 50 day moving average price is $2.23 and its 200 day moving average price is $2.89.

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

Insider Buying and Selling at Sportsman’s Warehouse

In related news, Director Steven W. Sansom acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were acquired at an average price of $2.91 per share, with a total value of $29,100.00. Following the completion of the transaction, the director now owns 90,000 shares of the company’s stock, valued at $261,900. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SPWH. Vanguard Group Inc. raised its position in Sportsman’s Warehouse by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 1,926,372 shares of the company’s stock valued at $5,991,000 after purchasing an additional 33,976 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Sportsman’s Warehouse by 2.5% during the first quarter. Gabelli Funds LLC now owns 1,257,829 shares of the company’s stock worth $3,912,000 after buying an additional 31,000 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings 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 in the last quarter. GSA Capital Partners LLP purchased a new position in Sportsman’s Warehouse in the fourth quarter worth approximately $2,488,000. Finally, Gamco Investors INC. ET AL grew its holdings in Sportsman’s Warehouse by 3.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 517,325 shares of the company’s stock worth $1,609,000 after acquiring an additional 15,200 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

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.