Sportsman’s Warehouse (NASDAQ:SPWH) Upgraded by StockNews.com to “Hold” Rating

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

SPWH has been the subject of a number of other research reports. Craig Hallum dropped their target price on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a 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 for the company in a report on Wednesday, September 4th. Roth Mkm lowered their target price on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, September 10th. B. Riley reduced their price target on 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. Finally, Lake Street Capital lowered their price objective on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $2.80.

Sportsman’s Warehouse Stock Performance

Shares of SPWH stock opened at $2.14 on Friday. Sportsman’s Warehouse has a 52 week low of $1.81 and a 52 week high of $5.41. The company has a market capitalization of $80.99 million, a price-to-earnings ratio of -2.35 and a beta of 0.66. The company has a 50-day simple moving average of $2.57 and a 200 day simple moving average of $2.58. 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 issued its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The firm had revenue of $288.73 million for 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%. On average, sell-side analysts predict that Sportsman’s Warehouse will post -0.74 earnings per share for the current year.

Insider Activity at Sportsman’s Warehouse

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

Institutional Investors Weigh In On Sportsman’s Warehouse

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ground Swell Capital LLC acquired a new stake in Sportsman’s Warehouse in the third quarter valued at approximately $28,000. Point72 DIFC Ltd acquired a new stake in shares of Sportsman’s Warehouse during the 2nd quarter valued at $40,000. Abacus Planning Group Inc. bought a new stake in Sportsman’s Warehouse during the 3rd quarter worth $55,000. Virtu Financial LLC acquired a new position in Sportsman’s Warehouse in the 1st quarter worth about $85,000. Finally, Barclays PLC raised its position in Sportsman’s Warehouse by 25,025.0% in the third quarter. Barclays PLC now owns 38,190 shares of the company’s stock valued at $103,000 after purchasing an additional 38,038 shares during the last quarter. 83.04% of the stock is owned by 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.