Sportsman’s Warehouse (NASDAQ:SPWH) Cut to Sell at StockNews.com

StockNews.com cut shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a hold rating to a sell rating in a research note released on Friday.

SPWH has been the topic of a number of other research reports. Roth Mkm cut their price objective on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. B. Riley cut their price objective on shares of Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Robert W. Baird cut their price objective on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Craig Hallum cut their price objective 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, September 4th. Finally, Lake Street Capital cut their price objective on shares of Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Sportsman’s Warehouse has a consensus rating of “Hold” and an average target price of $2.80.

Sportsman’s Warehouse Trading Down 2.0 %

Shares of SPWH opened at $2.00 on Friday. The company’s fifty day moving average is $2.66 and its 200 day moving average is $2.62. Sportsman’s Warehouse has a fifty-two week low of $1.81 and a fifty-two week high of $5.41. The stock has a market capitalization of $75.70 million, a PE ratio of -2.20 and a beta of 0.66. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 1.22.

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

Insider Activity

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

Institutional Trading of Sportsman’s Warehouse

A number of hedge funds have recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC lifted its stake in Sportsman’s Warehouse by 3.9% in the third quarter. OneDigital Investment Advisors LLC now owns 131,670 shares of the company’s stock worth $357,000 after acquiring an additional 4,909 shares during the period. Empowered Funds LLC lifted its position in shares of Sportsman’s Warehouse by 5.3% during the third quarter. Empowered Funds LLC now owns 120,458 shares of the company’s stock valued at $326,000 after buying an additional 6,030 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in shares of Sportsman’s Warehouse by 5.3% during the third quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company’s stock valued at $500,000 after buying an additional 9,332 shares during the last quarter. Steel Grove Capital Advisors LLC lifted its position in shares of Sportsman’s Warehouse by 11.1% during the second quarter. Steel Grove Capital Advisors LLC now owns 100,000 shares of the company’s stock valued at $241,000 after buying an additional 10,000 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Sportsman’s Warehouse by 2.4% during the third quarter. Geode Capital Management LLC now owns 434,022 shares of the company’s stock valued at $1,176,000 after buying an additional 10,058 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.